India: Polished Inventories High

By Rapaport News / December 13, 2018 / www.diamonds.net / Article Link

Cautious sentiment as trading slows ahead of theChristmas break. Fewer foreign buyers in the market. Demand concentrated onSI-I1 goods. Rough market restrained as manufacturers are holding largepolished inventory, particularly lower-value goods. Small diamond and jewelry businesses under stress due toweaker rupee, tight credit and low profit margins.
POLISHED:

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