India diamond exports dips sharply in Nov
According to country's Gems and Jewellery Export Promotion Council (GJEPC), India's net polished diamond exports fell to $378.7 million in November, a 37.7% year-over-year decline.
India jewellery sales to hit $55.3 billion by 2016
India's total gems and jewelry market, which was valued at approximately $27.5 billion in fiscal 2011, is likely to grow at 15 percent per year to reach $55.3 billion by fiscal 2016, CARE Research predicted
Weak Indian rupee hits Diamond too
A weakening Indian rupee is likely to contribute to volatility in rough diamond prices for the rest of the year, but longer-term price prospects are bright, the chief executive of London-listed miner Gem Diamonds Ltd (GEMD.L) said.