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MUMBAI: The 50% tariffs on natural diamond exports from the country will have the natural diamond polishing industry which polishes 95% of the global production and nets the maximum income from the US, staring at a steep 28-30% decline in revenue to $12.50 billion this fiscal, compared to the $16 billion they netted last fiscal. The blow will follow a 40% de-growth over the past three fiscals because of the fall in both prices as well as sales volume of natural diamonds as demand in the US and ...Read More >
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