News18 » Videos » News18 Shorts

Antwerp to Surat, Diamond Trade Beats Covid Blues As Imports Rise For First Time Since February 2020

Jan 09, 2021 12:48 PM IST Business Business

Diamonds have not lost their sparkle in India owing to COVID-19 as wholesale diamond market in Antwerp as well as India’s diamond hub Surat are seeing a revival in demand.
Provisional data with the Gems and Jewellery Export Promotion Council shows imports of rough diamonds in September 2020 stood at 163.71 lakh carats worth ₹9,906 crore, as against 152.24 lakh carats worth ₹8,232 crore in September last year. This is first time since February, the rough diamond imports have increased on year-on-year basis.
The industry had come to standstill owing to restrictions imposed globally to stem the spread of Covid-19 pandemic, however as the restriction ease, the supply chain is back and the industry is upbeat about a full-scale revival sooner than later.