Tag: polished diamonds

MUMBAI: After a robust growth in the past two fiscals, exports of cut and polished diamonds saw a 32 per cent decline in the April-July period, according to a report. The exports of Cut and Polished Diamond (CPD) may end the fiscal with a decline of around 15 per cent, the report by CareEdge Ratings. In 2021-22, CPD exports grew to $24.43 billion while in 2022-23 it declined marginally to $22.04 billion, according to the report. The agency attributed the steep fall in exports to the prevailing high...