 "An employee sifts diamonds at a diamond cutting and polishing factory in Surat in Gujarat")
The Surat diamond industry is likely to face a loss of around Rs 8,000 crore in next two months as Hong Kong, which is a major export destination, has declared a state of emergency due to the coronavirus outbreak in China, say experts.
Hong Kong is a major business hub for the Surat diamond industry, but schools and colleges have been closed there till the first week of March and even the businesses are seeing a dip in view of the outbreak of the novel coronavirus.
According to Gems and Jewellery Export Promotion Council (GJEPC) regional chairman Dinesh Navadiya, polished
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