India: Polished Inventory Starting to Decline

Activity subdued, withmany businesses closed for Jain Paryushan festival. Some US, Chinese andIsraeli buyers looking for bargains from cash-strapped Indian suppliers.Polished inventory starting to decline due to reduced manufacturing. Still alot of available lower-quality goods - brown, green, milky (BGM) and diamonds withfluorescence - that are not easy to sell. Dealers considering supplyrequirements ahead of US holiday season.

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