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Sunday, October 12, 2008

Diamond Trade Update

Ketan Tanna's report on the financial crisis in the US, and the impact on the Indian gem and jewelry sector + other viewpoints @ http://timesofindia.indiatimes.com/Business/India_Business/All-pervading_gloom_blights_diamond_trade/articleshow/3571699.cms was insightful.

The world supplies over 50 per cent of gems and jewellery to America. There is no equivalent.
- Sanjay Kothari, Former Chairman, Gem and Jewellery Export Promotion Council

Simply true!

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