Excellent Hair Fall Treatment
Search: Look for:   Last 1 Month   Last 6 Months   All time

Diamonds in demand, prices soar in Surat

Surat, Thu, 18 Nov 2010 ANI

Surat, Nov.18 (ANI): Increasing demand of diamonds in the international markets prompted traders in Surat to hike the prices of rough diamonds by seven to 20 percent.


Diamond-trading companies have supplied new diamonds in the market with seven to 20 percent increase in rates after growing demand from European and American markets.


"The price hike in rough diamond is five to 15 percent and on average it's seven to 10 percent," said Chandrakant Sanghvi, the regional chairman of the Gem and Jewellery Export Promotion Council.


Cut and polished diamonds grabs two-thirds of total gems and jewellery exports of the country so there is a solid demand of polished diamonds.


"After recession, there is a huge demand in diamond business in international market especially in countries like USA, Japan, China, and United Arab Emirates," said Dinesh Nawadia, president of the Surat Diamond Association. (ANI)


Read More: Surat

King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
PM Modi paying tributes at the portrait of Sardar Vallabhbhai Patel
People take part in the Run For Unity on the Rashtriya Ekta Diwas
PM Modi flagging off the Run For Unity on the Rashtriya Ekta Diwas
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image




Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.