India's LGD Industry Takes Break As Price Drop Continues

About 100 units in India's LGD growing and manufacturing industry have voted to observe a 15-day summer holiday starting May 15, hoping to control the rough and polished LGD supply and stopping the massive price drops seen in the LGD market. Traditionally, the (natural) diamond industry closes shop for a holiday period during Diwali. In a graph posted on LinkedIn, industry analyst Edahn Golan marked that LGD prices have dropped 56% y-o-y. 

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