IN DEPTH: Indian Diamond Industry
The Indian diamond trade has good cause to worry: over 40 percent of De Beers exports to India, accounting for nearly $400 million , are composed of Argyle roughs and more than half of Indias 5500 diamond manufacturers depend on this business for their livelihood. They fear that oversupply of diamonds in the market could kill their business and they are waiting for a positive signal from De Beers.
|sightholder||Direct customer or direct dealing agent, who gets access to the raw diamonds before the final buyer.|
Sidharth Bhatiais a senior Indian journalist who runs a well known television program on Indian business and current affairs. A former newspaper editor and foreign correspondent, Bhatia has written for several publications in India and abroad.