top of page
Laxmi Diamonds.png

Belgium, Dubai cancel auctions on India diamond slump

Major rough diamond auction houses in Belgium and Dubai have cancelled auctions as India's diamond industry is hit by a slump in demand for polished stones from China and the US.

Indian companies process nine out of every 10 diamonds in the world. De Beers has also rescheduled its auctions and postponed planned viewings of its rough diamonds as beleaguered buyers wait for a market revival.

The GJEPC chairman warned the fall in demand would hurt exports this quarter.

For more Updates Do follow us on Social Media

Facebook Page

WhatsApp Group



bottom of page