Rough import down by 21.8% in first half of year: GJEPCOctober 15, 2015
Import of rough diamond has been down by 21% in first six months of year 2015-16 compared to same period of last year according to the figures announced by Gems and Jewellery Export Promotion Council(GJEPC).
While in April-September 2014, rough imported was worth Rs 56508.45 crore, in April-September 2015 it was worth Rs 44540.92 crore. This is 21.8% decrease. In terms of volumes of import the downfall is 15.77%.
There’s no doubt that the city of Surat is affected. Some diamond polishing units have relieved part of workforce, some other have cut celery. Part of the problem is associated with synthetic diamonds. Mumbai based Bharat Diamond Bourse has recently taken a decision to ban synthetic diamond trading.
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