{"id":4191,"date":"2023-08-15T22:19:46","date_gmt":"2023-08-15T20:19:46","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=4191"},"modified":"2023-08-15T22:19:46","modified_gmt":"2023-08-15T20:19:46","slug":"indian-diamond-industry-shattered-by-us-threats","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=4191","title":{"rendered":"Indian diamond industry shattered by US threats"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">India&#8217;s exports of polished diamonds fell 39% to $1,174 billion\u00a0 in July, according to the Gem &amp; Jewellery Export Promotion Council of India, GJEPC. Rough imports also fell 43% to $1.1 billion.<\/p>\n<p>Among the reasons for such a sharp reductions is the recent US threats against Indian manufacturers over the use of Russian raw materials. In particular, the US authorities have said that they might impose a ban on imports of Indian polished diamonds.<\/p>\n<p>However, local jewelry manufacturers are already suffering\u00a0 &#8211; because of the sanctions, they have to work through intermediaries, and the shortage of rough diamonds even forces them to stop production.<\/p>\n<p>About 300,000 workers in Surat, the main diamond processing center, were sent on a 20-day leave without pay. Diamond processing units have reduced work from two to one shift, and 15,000-20,000 workers have lost their jobs. And at least eight diamond workers have died by suicide because of it, The Print says.<\/p>\n<p>India is one of the main buyers of rough diamonds, primarily from Russia, and is the world&#8217;s largest center of polished diamond production, with 95% of the world&#8217;s polished diamonds being made in this country.<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s exports of polished diamonds fell 39% to $1,174 billion\u00a0 in July, according to the Gem &amp; Jewellery Export Promotion Council of India, GJEPC. Rough imports also fell 43% to $1.1 billion. Among the reasons for such a sharp reductions is the recent US threats against Indian manufacturers over the use of Russian raw materials. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-4191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4191"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4191\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/4192"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}