February 6, 2025
Diamond houses hope to cut through slump

MUMBAI/KOLKATA: Amid a slowdown in the affluent markets, plunge in prices and chaotic geopolitics, Indian diamond houses, which cut and polish nine out of 10 stones, told banks last week that the next four months would be crucial.The trade that suffered a 30% drop in prices of natural stones and dealt with over 50% slide in lab-grown diamond (LGD) prices in the past one year…
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