Surat diamond industry facing competition from China

The city of Surat, also known as India’s diamond hub, might lose its crown of ‘The Diamond City’ to China which is on its way to become a major diamond manufacturer, according to an Assocham study published recently. There are grave concerns of Surat-based diamond processing units relocating to China, which is constantly pushing for direct deals with African governments thereby locking up the supply of rough diamonds and severely denting the employment scenario in Surat.
The Assocham

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