India: Dealer Trading Quiet

By Rapaport News / May 16, 2019 / www.diamonds.net / Article Link

Cautious mood amidrumors more businesses closing. Dealer trading quiet with many extendingtheir summer vacation due to slow orders. US and Israeli buyers in Mumbailooking for bargains before Las Vegas shows. Liquidity tight and cuttersreducing production. Rough market stable, but manufacturing profit marginstight. Jewelers concentrating on gold rather than diamonds.
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