Wednesday, December 8, 2010

Low Margins Holding Indian Diamond Production Back


Indian diamond factory output has risen, but not by as much as expected. Industry watchers note that because demand has been good, whatever rough there was in the market has been snapped up, leading to a raw material shortage. This in turn has triggered higher premiums on Sight boxes, which resulted in a rough price hike by De Beers during the last Sight.

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