Amid the threat of a looming financial recession for the diamond sector in Surat, the GJEPC now seeks a new series of policies they believe will add to manufacturing revenues. This has been another of a late series of attempts by the GJEPC to counter-act the pressures facing India’s diamond sector since the decline of Russian imports and the closure of the Chinese marketplace.
Citing plummeting demand for cut and polished diamonds in the West and China, the Surat Diamond Association has published a report that over 20,000 workers have been put out of work in the last one month in Surat, India.