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Lypsa Gems & Jewelry Information Lypsa Gems & Jewelry Announcement, Latest News On Lypsa Gems & Jewellery

India’s diamond industry plans to reduce back its bank financing requirements by a 3rd, targeting $4 billion for the present fiscal 12 months, down from $6 billion in FY23. Traders are focusing on clearing present stock quite than accumulating extra, which would necessitate extra borrowing. “Natural diamond jewelry sales have been up 5.1% by units and 4.7% by revenue in November, when vacation purchases picked up in the US. Loose diamond unit sales rose 16% in November on a year-on-year basis,” mentioned Vipul Shah, chairman of the Gem & Jewellery Export Promotion Council . Jewellery and watch industry enterprise information,…