India diamond exports point to possible softening in market

Exports Down

Rapaport Diamond news site is reporting that India has seen a huge drop off in its polished diamond exports for the month of September. This is bad news for US retailers as India is now a major factor in the diamond industry and the fact that these numbers are down could reflect a weakening of demand heading into the major US retail season. Most US retailers see about 80% of their annual revenue during the next 3 months and we could see a softening of pricing if this low demand keeps up.

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