The suspension was collectively taken by the Gems and Jewellery Export Promotion Council (GJEPC), Bharat Diamond Bourse, Mumbai Diamond Merchants Association, Surat Diamond Bourse, and Surat Diamond Association, to address the challenges related to the imbalance between demand and supply.
Cut & polished diamond exports from India may come down 20% in FY21: Council
The Global Diamond Report also indicates that while the diamond industry suffered during the Covid-19 crisis, it still managed to keep its sparkle.
Synopsis The outlook is much in line with the Global Diamond Report 2020-2021 that has been released by Bain & Company and the Antwerp World Diamond Centre’s (AWD).
Kolkata: Cut and polished diamond exports from India may come down by 15 – 20 per cent in FY21 as compared to FY20 due to the outbreak of Covid -19, according to Colin Shah, chairman, Gem & Jewellery Export Promotion Council. The outlook is much in line with the Global Diamond Report 2020-2021 that has been released by Bain & Company and the Antwerp World Diamond Centre’s (AWD).