India: Polished Sector Cautious

By Rapaport News / October 04, 2018 / www.diamonds.net / Article Link

Polished market slow, with few foreign buyers.Local dealers cautious due to weaker currency, tighter bank lending, and recenthike of import duty. Buyers focused on SI- to I1-clarity goods. Fancy shapesslow. Small manufacturers not buying rough, and reducing polishedproduction ahead of Diwali break, which begins November 7.
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