Bharat Bourse to Reopen with Reduced Capacity

Finance and Trade
12/05/2020 10:04

Times of India reports that India's Bharat Diamond Bourse in Mumbai's Bandra-Kurla Complex as well as the Gems and Jewellery industry at Seepz MIDC can resume operations, albeit with a strongly reduced workforce (10%). India's diamond and jewellery industry has been suffering as the country continues to be under strict lockdown, and export shipments are blocked. Both area's are located in so-called "red zones", which is why only limited workforce can be allowed, state officials said.

The Indian diamond industry, voiced by the GJEPC, recently called on its members to implement a voluntary moratorium on rough imports, starting May 15.