News Archive: June 2005
Suddenly Sparkling June 01, 2005
By Keith Bradsher
ABSTRACT - China is playing growing role in diamond manufacturing industry, competing with India in particular; China is now world's third-largest polisher of diamonds by value; China imports $800 million a year worth of rough diamonds and polishes them to become worth about $1.1 billion, accounting for 6 percent of value added by world's $4.6 billion diamond polishing industry; India, with million diamond workers and 80 percent share of diamond pollishing business, is nervous; alarmed by pace and skill with which China is improving, India's diamond industry leaders say that in diamonds, as in so many other businesses, China's advance cannot be stopped.
*******************************************************
*******************************************************
*******************************************************