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Diamond market hit by India's black money war

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Published Wed, Jan 18, 2017 · 09:50 PM

London

AS diamond traders descend on Botswana this week for one of the year's biggest sales, the US$14 billion industry is struggling to recover from India's war on black money.

De Beers, the world's top producer of gems, will offer customers concessions for a second consecutive buying round to support the market, according to sources.

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