With the stimulus that China is about to unveil, demand from the neighbouring country is expected to grow strongly as it is low on inventory. An easing of geopolitical risks with the hopes of a resolution to the Russia-Ukraine conflict are what Indian gems and jewellery exporters pin hopes on.
Gross exports of cut and polished diamonds in November 2024 amounted to $666 million—a decline of 39.8% in comparison to the year-ago month. "In response to this, many diamond companies are cutting down production and there are still several factories that haven't been operating at full capacity since Diwali," Shah said.
This story is from the December 28, 2024 edition of Financial Express Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 28, 2024 edition of Financial Express Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Chinese Dam on Table for Sullivan's India Visit
AI, civilian nuclear cooperation, space may also be taken up
Mike Johnson Re-elected US House Speaker
Republican Congressman Mike Johnson on Friday was re-elected as Speaker of the US House of Representatives with a narrow victory margin of three votes.
S Korea investigators ask acting prez to clear way for Yoon's arrest
SOUTH KOREAN INVESTIGATORS again asked the country's acting president on Saturday to order the presidential security service to comply with an arrest warrant for impeached President Yoon Suk Yeol.
Microsoft to spend $80 billion on AI data centers this year
MICROSOFT CORP PLANS to spend $80 billion this fiscal year building out data centers, underscoring the intense capital requirements of artificial intelligence.
No jail time for Trump, suggests judge in US hush money case
Will keep fighting, says communications director Cheung
Rohit clears the air: Not going anywhere
Says those on outside can't influence when he stops playing
Border-Gavaskar Trophy: As Bumrah leaves, 'captain' Kohli calls the shots
Kohli took charge after Bumrah left bowling due to spasm
Big rockets, a telescope & big changes in space await in 2025
Some key events to look forward to in space & astronomy
Worrying signs from the Arctic
Scientists say fires in the region could have major consequences
The Fall season
Fun and games for the elite players, the Fall Series gave the fans plenty to watch
