(The Times of India) - The tender system for sale of rough diamonds used by leading diamond mining companies in the world is seen as a biggest contributor to the ongoing crisis in the diamond industry, believe industry leaders. The diamond industry leaders who had gathered at the discussion programme organised by Southern Gujarat Chamber of Commerce and Industry (SGCCI) opined that the tender system has created stiff competition among the diamantaires resulting in the price war for the rough diamonds in the last few years.
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