Diamond business to fall 27% due to drop in US, China demands and shift to lab stones – ET Retail
Representative image Mumbai: The diamond industry is in facing major headwinds, going by a CRISIL report. Diamantaires are bracing for a decadal-low in revenues as demand slumps. Flattish margins, declining working capital requirements, and controlled debt are expected to aid credit profiles. India’s natural diamond polishing industry is set to see revenues plummet 25-27% on-year…
