Surat Has Lost 20,000 Jobs As Diamond Demand Declines
6 / 1 / 2023
Surat, sometimes known as the “Diamond City of the World,” is a centre for diamond cutting and polishing.
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It is known as “Diamond City” because it polishes 90 percent of the world’s diamonds.
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It is also well-known for its silk and cotton factories.
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Surat, the main centre of India's diamond industry, offers...
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employment to some 800,000 workers in its 4,000-odd cutting and polishing units.
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Plummeting demand for cut and polished diamonds in the West and China has...
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pushed some 20,000 out of work in the last one month.
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