Tag: diamond

Cut and polish diamond workers are staring at a bleak future ahead of peak festival season as the industry attempts to cut corners due to temporary ban on the import of rough diamonds.The small cut and polish (CP) units in the diamond hub at Surat have already incurred a loss of 35-40 per cent and shut shop while the large ones have reduced the number of working days for workers to 10-12 days in a month.In a bid to cope with the adverse situation, all the diamond industry...