India: Manufacturers Restrained Before Diwali Break

Mood slightly down amidrumors of further bankruptcies. A number of Antwerp-based expat Indians inMumbai looking for SI goods and lower. Stable demand for 0.30 to 0.50 ct., G-J,VS-SI diamonds. Stars and melee slow, with dealers avoiding further inventoryin these categories. Manufacturers restrained and not raising polishedproduction before Diwali break.

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