FINANCING CUTS CHALLENGE IMPACT INDIA’S ROUGH CUTTERS

India’s gross import of rough diamonds fell 17.4% to $8.55 billion

Diamonds in the rough-Kan die Indiese diamantbedryf die huidige krisis oorleef?-Rough Tweets-De Beers Plans Overhaul of Supply Policy-The average wholesale price of 1ct round diamonds fell 6.1% in 2019-Rapaport Press Release: Diamond Prices Stable After Year of Declines-“Future of Diamonds” Panel Will Be a Highlight of VICENZAORO January-FINANCING CUTS CHALLENGE IMPACT INDIA’S ROUGH CUTTERS-Carnegie Institution seeks cut of rising lab-grown diamond sales-Diamond Crisis Gets Worse-DIAMONDS CHANGING FOREVER-Edahn Golan-The Golan Diamond Market Report – Q3 2019-Diamond industry’s torrid year set to continue for some time-Diamond Industry Financing Is Shrinking. This Is What It Means

Data published by the Gem & Jewellery Export Promotion Council (GJEPC) and quoted by Diamond World, shows that between April and November 2019, India’s gross import of rough diamonds fell 17.4% year-on-year to $8.55 billion.

Heavy Haul Quotes

According to the report, the sharp fall was caused by financing cuts by banks, which led to a “liquidity crunch” among cutters and polishers, resulting in a decline in purchases. Read more..

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