India Diamond Exports: India s diamond industry plans to reduce its bank financing requirements by a third, targeting $4 billion for the current fiscal year, down from $6 billion in FY23. This comes amid a slowdown in global demand. Traders are focusing on clearing existing inventory rather than accumulating more, which would necessitate additional borrowing.
India s diamond industry plans to reduce its bank financing needs for the current financial year to $4 billion, down from $6 billion in the previous year, amid a slowdown in global diamond demand. Traders have halted imports of rough diamonds, and they aim to clear existing inventory rather than creating new stocks that would require additional borrowing.
India s diamond industry plans to reduce its bank financing requirements by a third, targeting $4 billion for the current fiscal year, down from $6 billion in FY23. This comes amid a slowdown in global demand. Traders are focusing on clearing existing inventory rather than accumulating more, which would necessitate additional borrowing.