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India to Continue Importing Rough Diamonds for Now

2015-07-08 06:23:04| Jewelry - Topix.net

India's gem and jewelry industry leaders deferred a rough diamond import ban, for now, and urged self discipline at manufacturing businesses that import and purchase rough stones. In a meeting held today between the Gem & Jewellery Export Promotion Council , the Bharat Diamond Bourse and Maharashtra Diamond Merchant Association , leaders discussed the way forward given a sluggish outlook for diamond demand, severe lack of liquidity and profitability at the manufacturing level and the misalignment of rough prices against polished prices.

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