(indiatimes.com) - Prevailing recession in Surat’s diamond industry has affected the world’s largest diamond mining company, De Beers’ fortune too. The company is staring at huge losses due to lower sales in the last four sale sights. For the year to date, De Beers’ rough diamond sales are down 27% with diamantaires in India deferring more than 50% goods to reduce production in factories. For the first time, De Beers is expected to close the financial year with huge losses.
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