Jewelry Design Awards Back With A Bang!
India’s diamond business plans to reduce its bank financing necessities by a third, concentrating on $4 billion for the present fiscal year, down from $6 billion in FY23. Traders are specializing in clearing current stock quite than accumulating extra, which would necessitate additional borrowing. India’s Gem and Jewellery Export Promotion Council and global diamond commerce bodies have raised concerns about the G7 bloc’s demand to route rough and polished diamonds by way of Antwerp for certification as non-Russian. The ban, part of sanctions imposed on Russia since the Ukraine struggle, will extend to diamonds weighing 0.5 carats and above from…