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Diamond Industry Figures Signal Weak India Trading in July

Jul 28, 2015 9:50 AM   By Rapaport News
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RAPAPORT... Indian diamond industry leaders are predicting weak diamond trade figures for July this year, The Economic Times reported on Tuesday.

  • India's diamond exports will likely decline between 40 percent and 50 percent of average during July, Vipul Shah, the chairman of the Gem & Jewellery Export Promotion Council, told the newspaper. 

  • Imports of rough diamonds to India have fallen 20 percent in July, estimated Ashok Gajera, the managing director of diamond manufacturer and exporter Laxmi Diamond.
Tags: quick take, Rapaport News, Vipul Shah
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