Country overtook Botswana in 2023.
Sales up at Indian manufacturer’s diamond and jewelry divisions.
Figure up 30% in second fiscal quarter.
Rough imports declined during the month.
Jewelry division climbed 18% year on year in second quarter.
Rough imports increased during the month.
Demand spiked in second quarter but could slow amid geopolitical and economic challenges, says trade group PGI.
The world’s largest manufacturing center is relatively upbeat about the domestic jewelry market ahead of Diwali, but it is less optimistic about global prospects.
Shipment volume slumped, but average price increased.
The State Bank of India (SBI) has begun financing synthetics producers and is thought to be the country’s first lender to draw up a formal policy for the sector.