Surat, a hub for diamond processing, is going through a extreme disaster. The diamond business, answerable for 90% of world diamond processing, is grappling with slowing demand, geopolitical challenges associated to Russian diamond provide, and competitors from lab-grown diamonds. This has led to job losses, pay cuts, and diminished working hours, impacting over 1,000,000 employees. The disaster displays the business’s wrestle to adapt to altering market dynamics and competitors from various diamond sources.
#diamond #labdiamonds #suratdiamond #economycrisis #mint
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