Surat: With restrictions on travel due to the pandemic, the demand for certification of diamonds has shot up. The diamond companies are forced to wait for at least two months, as compared to the standard one-month period, to get the certificate.
The delay in getting the certificate sets off a domino effect. It increases the number of days of payment cycle which results in small manufacturers bearing the burden of interest as they have to pay to raw diamond suppliers on time and then wait for almost two months before putting the finished product for sale.
“Since the buyers cannot travel and see the diamonds personally, all are insisting on having certificates. Certain diamonds which are of more than 2 cents or fancy coloured ones are sent to USA and it takes up to three months to get their certification,” said Dinesh Navadiya, regional president of Gem and Jewellery Export Promotion Council (GJEPC). He added that now not only the manufacturer of natural ones, but manufacturers