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Revenge consumption: Surat diamond units working overtime to meet US demand


Revenge consumption: Surat diamond units working overtime to meet US demand
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Synopsis
The exporters said that demand for the Chinese New Year is expected to come in shortly. The Chinese New Year in 2021 falls on February 12. This year, the diamond sales were affected during the New Year in China due to the outbreak of coronavirus.
Agencies
There are 5,000 diamond cutting and polishing units in Surat.
Revenge consumption of diamonds from the US is driving manufacturing units in Surat to work overtime to meet the demand. There has been a shortage of rough diamonds as the diamond mines had remained closed due to the pandemic and the stocks at Surat had depleted after the units reopened but the situation has reversed. Now the diamond exporters have to run the units beyond normal schedule to meet the rising demand which has come from the US. ....

United Arab Emirates , United States , Sevantibhai Shah , Vipul Shah , Jim Vimadalal , Colin Shah , Gem Jewellery Export Promotion Council , Chinese New Year , New Year , Surat Based Venus , Jewellery Export Promotion Council , Eastern Europe , Asian Star , ஒன்றுபட்டது அரபு அமீரகங்கள் , ஒன்றுபட்டது மாநிலங்களில் , வீப்புள் ஷா , கொலின் ஷா , கேம் அணிகலன்கள் ஏற்றுமதி ப்ரமோஶந் சபை , சீன புதியது ஆண்டு , புதியது ஆண்டு , சூரத் அடிப்படையிலானது வெள்ளி , அணிகலன்கள் ஏற்றுமதி ப்ரமோஶந் சபை , கிழக்கு யூரோப் , ஆசிய நட்சத்திரம் ,