 "diamonds, employees, inspection")
Liquidity crunch due to financing cuts by banks leading to cutters and polishers reducing purchases has resulted in India experiencing the steepest decline in net rough diamond imports sharply in 2019 so far.
According to the data from the Gem and Jewellary Exports Promotion Council, the overall gross import of rough diamonds between April to November 2019 has shown a decline 17.24 per cent to $8.55 billion from $ 10.34 billion registered during April to November 2018. This is one of sharpest fall in import of diamond in India in last one decade. According to the report by Bain &
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