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Ноябрь
2024

India's diamond units take longer Diwali break, get workers worried

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India's diamond industry, centered in Surat, is facing a month-long shutdown due to weak demand from the US and China. The prolonged closure, unprecedented even during past recessions, has sparked job cut fears among workers. Industry leaders hope for a US economic revival and are launching campaigns to regain Chinese customers who have shifted towards gold.