Polished diamond exports hit two-decade low, says industry group

Quick Summary:

The slump dragged down overall gem and jewellery exports by 11.7% to $28.5 billion - a four-year low - from $32.

India is the world's largest cutting and polishing hub, handling nine out of every 10 diamonds processed globally.

Indian exporters were also rushing to ship out US orders first, so they wouldn't get hit with those extra costs," said Shaunak Parikh, vice-chairman of GJEPC.

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Category: BusinessFinance

Markets: IndiaChinaUnited States

Topics: Donald Trump

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Article Type: News Report

Published On: 2025-04-14 @ 22:30:54 (2 days ago)

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News Source URL: business-standard.com

Language: English

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Sentences: 14 lines

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Copyright Owner: © Business Standard

News ID: 27870891

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