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Polished diamonds see price drop of 15%

The Business Guardian

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October 19, 2023

The export of cut and polished diamonds from India is expected to decline by 22% to $17.2 billion in the current fiscal year due to weakened demand from key consuming nations, as reported by rating agency Icra.

Polished diamonds see price drop of 15%

In the first five months of the current fiscal year, cut and polished diamond exports experienced a significant year-on-year drop of 31%, driven by lower export volumes and higher polished diamond prices.

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