Surat Struggles as Global Decline Takes its Toll

Finance and Trade
15/07/2015 09:09

India's diamond cutting and polishing center is seeing an "unprecedented" decline, says Surat Diamond Association President Dinesh Navadia. "This happens quite a time, but after three or four months, the situation usually improves. This time, the crisis has lasted for a long time," he said, adding that rumors that diamond firms are about to go bust are making the situation even worse.