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Diamond is one of the precious gemstones available in the market. This is expensive than other gemstones. The gemstones are considered as a perfect way for adding beauty to the jewels and accessories of an individual. The Gemkonnect is one of popular providers of gemstones in the Indian market. They have been offering their customers with high quality, fashioned as well as beads into a variety of shapes that can be created again and again. They have expertise in providing their customers with artificial or imitation jewellery as well. They are the exporters, importers or wholesalers in the diamond industry.

As per the Gemkonnect Diamond Market News, several new schemes will be launched for retailers of diamonds. They have received approval from the Stock exchange branch of India. This scheme will enable the interested individuals to buy Diamonds for just Rs. 900.  The global community is of the belief that the diamond has been playing a crucial role in the creation of sustainable future. Several efforts have been put by the Indian government as well as the council for the promotion of the diamond and gemstones studded jewellery.

The latest news of the Diamond industry Gemkonnect is that a mining company has sold 262 polished diamonds in an offer, including pink diamonds weighing 15.31 carat. This has been reported last week. Some of the popular agencies dealing in polished diamonds stated that such pieces of diamonds are always in great demand among their customers, particularly the pink rare diamonds. The rough diamonds form the bulk of the Alrosa’s revenue. This is because; some of the companies have raised their marketing as well as branding of polished diamonds that they manufacture in their house. Several other companies are mulling similar polished campaigns as well as collections in the future.

As per the latest news on the diamond industry Gemkonnect, there has been a reduction in the polished inventory since the Diwali break. The cutters are more concerned with the profitability at current rough prices. There has been an improvement in the stock trade. In the US retail as well as jewellery stocks the Signet has proven as the weakest performer. They have reported the earning less than the expected earnings. Also, the Birks group in Canada had a decline in its half year sales. The Tai Funk had a huge jump by outperforming Hon King’s Hang Seng Index. The Chow Sang and the Luk Food has also gained.

Also, it has been stated that there has been a significant slow- down in the trade of Diamonds in the month of October. This is because; the manufacturers and dealers were on festive leave of Diwali. According to a recently published data of the GJEPC, the polished diamond exports slid to 23%. The rough imports of diamonds have plunged to 36%. This has represented a fell off in the middle of the October showing a weak market. The rough exports of India jumped to 31%, whereas the net rough imports fell to 36%. There has been decrease in the overall accounts of diamonds.