IS diamond a stone that does not remains the same all the time!!!

Posted by Rihanna Dsouza on October 4th, 2017

Diamond is a gemstone that has huge demand, but less supply. This is because; it has high prices and low supply. Diamond is sold in its natural as well as man- made form. As per the Diamond Market News, the prices of the diamonds after polish are a bit high, but they are still in good demand. The diamond industry is no more prosperous, as no individual is ready to work in it. The individuals working in the diamond industry are turning towards textile industry.

The latest news of diamond industry has to sign a deal with Russia. The world’s largest miner of diamonds sees the biggest opportunity of industry of India. This is emerging middle class. The polishing culture in the polishing and cutting diamond business helps in assigning small, large, medium and large firms into a network. The news of the diamond industry has also stated that the prices of the diamonds will turn cheaper, but nothing like that happened.

The individuals belonging to the diamond industry have gone through a huge recession. As per the latest news on the diamond industry, the diamond industry of Surat is said to be one of the sources of foreign revenue as well as livelihoods for millions. This has hit a rough patch. It has been seen that the technologies of Israel were trying to create a revolution in the industry of diamonds. Also, it has been seen that the revenue from the sales of the rough diamonds has declined sequentially at the end of the financial year. As a result to this, the tighter liquidity in India has hit the demand for the lower priced stones.

As per interesting news, a diamond merchant in Surat had gifted his employees with 1260 cars as a bonus on Deepawali. This has also been stated that the diamonds has good future in the upcoming future. This has turned attractive to the customers. The SEBI is looking for the base of this ambitious contract that has not yet been launched on a derivatives exchange. The traders of the natural diamonds are in arms against the diamonds manufacturers of the lab. The top ranking officials of the bourse warned them against the strict action.

This has been said that the diamond industry, which is meant for rewarding its employees during Deepawali in a major way. This is less than inclined splurge this time around. For SDB, this could be a memorable suit. In the office of the district collector Mr. Patel had received a cheque for 4.31 crores. This is because; the diamond industry is on a hike. The traders of Diamond had been lobbying with Prime Minister Narendra Modi, so as to cut the middlemen in the trade by setting an SNZ. The rough diamond industry had recently faced with a problem of rapidly increasing prices of diamond as well as its shrinking workforce.

The crisis of liquidity has dampened the spirits of the diamond industry. It has been seen some of the global players seek membership from the Surat industry.   

 For More Information visit here: https://www.gemkonnect.com/