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Rough diamond Prices rise

Rough diamond prices gained 4 5% between January – March period this year following resurgence in its demand from Indian cutting and processing industry. India, which claims to process 85% of the diamond mined across the world went slow towards the end of 2012 to avoid presumed losses on primarily two counts. However, going ahead prices are likely to set off the first quarter gain in May due to lower lean season demand from processing industry ahead of the monsoon season.

Business Standard

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