News Recession isn’t the one factor that has introduced down exports of diamonds to the US from India, which is alleged to cut and polish 9 out of each 10 diamonds available globally. “The fear of sanctions and absence of clarity are impacting the trade,” mentioned a quantity one diamond exporter, who did not need to be named. Manufacturers of lab-grown diamonds – which are 80% cheaper than pure diamond – additionally claimed that export volumes have elevated with the US being the most important importer. They attributed the fall in export worth to price instability after a number of new…
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