Kalyan hopes its growth will “explore the untapped potential of Tier-2 and Tier-3 markets”. Recession isn’t the one factor that has introduced down exports of diamonds to the US from India, which is said to chop and polish nine out of each 10 diamonds obtainable globally. “The worry of sanctions and absence of readability are impacting the trade,” mentioned a leading diamond exporter, who didn’t wish to be named. Offshore subsidiaries of Indian diamond retailers have had fund transfers worth almost $26m frozen after US authorities claimed the tough diamonds had been mined in Russia.
Companies
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