#diamonds

CAG report flags critical concerns in the gems and jewellery sector, pearl imports are ‘3 to 10 times higher’ than global production

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On August 8, the Comptroller and Auditor General of India (CAG) tabled a report [PDF] in the Lok Sabha in which it flagged critical concerns in the gems and jewellery sector. The report suggests that the import of pearls in India from financial years 2013-14 to the financial year 2018-19 was 3 to 10 times higher compared … Read more

India’s diamond exports to fall 25-30% as Americans, Chinese aren’t buying enough

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Due to the severe decline in demand in the two biggest consuming markets, the US and China, the nation’s cut and polished diamond (CPD) export is expected to drop by 25–30% this fiscal year to a multi-year low of USD 15–16 billion, and it is unlikely to improve even the following fiscal year, according to … Read more