How did the fortunes of Diamond Industry change?

Similarly, Surat was the biggest in India, and at the same time there was a lot of growth in the “Diamond Industry of Surat”, so before the year 1960, there was no big business in the diamond industry in the country, At that time, Surat city had houses in some areas as well. Working on a diamond polishing bench means the journey of “Diamond Industry” started in small and medium places.

Do you know why the diamond industry was not growing at the time? Because there was a ban on the import of rough diamonds after 1960, and imports of rough diamonds at Rs.70 competed with exports of finished diamonds at Rs.100. The Government of India had given permission to do this, and after that the diamond industry in Surat has grown very fast, there is no limit to it. Then Surat is the turning point of the country that’s the proves.

After that, talking about the diamond market, rough diamond cleaving, sorting, jewellery design, jewellery manufacturer and jewellery trading, diamond valuation, and economic development is happening in all such diamond industry.

Similarly, there is a cautious attitude in the Israeli diamond market, which has affected the activity of the diamond exchange. However, there is a strong presence of foreign buyers. The local dealers are only buying enough to fill orders for certain types of diamonds.

However, demand from the US market has supported the finished diamond prices despite global economic uncertainty. Talking about India’s diamond market, the rupee is at a record low of 80 per dollar. Hence, the market remains uncertain amid exchange rate fluctuations. The diamond industry is also evaluating a new mechanism to enable international trade in rupees.