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Indian diamond dealers on industry's watch list

Country's diamond debt is about US$10 billion out of global diamond debt of US$12-14 billion

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With low labour costs, India is the world's biggest diamond manufacturer, employing about 700,00 workers.

Tel Aviv, Israel

DIAMOND dealers in Israel and Belgium are closely monitoring several indebted Indian diamond dealers and manufacturers.

The implications for a global gem industry just recovering from depressed levels are potentially serious.

According to estimates from

sentifi.com

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