Asian Star, one of India’s biggest manufacturers of small diamonds, wants finished jewelry to make up half of company revenue in the coming years as it combats weakness in loose goods.
The Mumbai-based company is highly exposed to the market for polished under 1 carat, which accounts for…
New duties on loose polished stones and some precious-metal products will take effect mid-August.
Company posts $2.4 million deficit compared to $9.1 million for previous 12 months.
Revenue up 2% year on year for first six months.
Trade representative is carrying out three expedited investigations that might lead to new regulations at the end of this month.