India's Diamond Defaults Amount to 393$ Million in Two Years

Finance and Trade
08/07/2015 08:30

Defaults in India's diamond industry 2013-2015

  • 40 Surat diamond companies (payment defaults 1,200 crore)

  • 42 Mumbai diamond companies (payment defaults 1,300 crore)

totalling US$ 393 million

Source: Surat Diamond Industry (SDA)