(indiatimes.com) - The manufacturers in the world’s largest diamond cutting and polishing centre Surat have cut down on production by up to 50% following sharp fall in prices of polished diamond and to avoid the inventory pile-up in a sluggish market. Surat diamond industry, which accounts for about 85% of the world’s production of polished stones, is facing gloomy start in the new financial year with polished diamond prices on the Rapnet—world’s largest online business to business diamond trading platform—falling by 15% and that the prices of diamonds in small sizes falling up to 25% since January 2019.
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