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The Unstable Diamond Industry
Many factors are coming into play being rough diamonds high-priced at the same time lab grown diamonds everything coming together the whole industry is in a very volatile state it is a very unstable state if this continues for a few more months or a year the industry will go through quite a lot of job losses it will shrink eventually.
Surat will be hit the most because many hundreds of thousands of people are associated with the industry which is very skill oriented. So those people who are associated with this industry, they might not have any other skills because they have been in the industry for 20 or 30 years. So if the industry gets hit hard hundreds of thousands of people will be affected’
– Executive Director at a Diamond Polishing Factory in Surat