Amid Uncertainties, India’s Diamond Industry Continues to Adjust
The mood among diamantaires is fairly optimistic despite the challenges brought about by sanctions and a cloudy economic outlook.
“We are compliant with the latest regulations and requirements from our customers. We have been able to identify the origin of our diamonds since many years now, so it is easy for our customers to choose based on their preferences,” he said.
“Though the industry may not be bullish about the coming year, most are taking steps carefully and remain positive,” he said. “Everyone is keeping inventory light, and while offtake of polished may be slow for a few months, we feel H2 2023 will be better than H1.”
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