(indiatimes.com) - After nearly a decade, the prices of small diamonds (up to three cents in size and below) prices have crashed by around 25% in one year, bringing them to the levels of nearly Rs30,000 to Rs35,OOO per carat These levels were that were last seen during global economic downturn in 2008. Major reason for the downfall in the prices, according to industry sources, is slump in the United States and China markets for small diamonds. While for buyers it may be a steal, this is certainly not a good news for Surat. Most of the small diamonds are cut and polished in Surat and Amreli.
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