{"id":112158,"date":"2023-10-18T16:03:55","date_gmt":"2023-10-18T10:33:55","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112158"},"modified":"2023-10-18T16:04:43","modified_gmt":"2023-10-18T10:34:43","slug":"the-revenue-of-indias-diamond-polishing-industry-may-fall-by-30-35-this-fiscal-year-crisil-rating","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/the-revenue-of-indias-diamond-polishing-industry-may-fall-by-30-35-this-fiscal-year-crisil-rating\/","title":{"rendered":"Revenue of India&#8217;s diamond polishing industry may fall by 30-35% this fiscal year: Crisil Rating"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-130771284\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Rating agency Crisil said on Wednesday India&#8217;s diamond polishing industry will see its revenue drop by 30-35 per cent to USD 14-15 billion in current fiscal year on poor demand from the US, EU and China.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1313188597\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>It added, in these three geographies account for 75 per cent of India\u2019s polished diamond exports.<\/p><p>Rahul Guha, Director of Crisil Raings said that &#8220;Israel imports USD 1.25 billion worth of polished diamonds annually from India. With the country now declaring a war on the Palestinian militant group Hamas, this number could be at risk&#8221;.<\/p><p>There is some increase in demand in the second half of every fiscal from festivities such as Thanksgiving, Christmas and the Chinese New Year, but this is unlikely to provide a significant offset this time, he said.<\/p><div class=\"trade-content_5\" id=\"trade-254385603\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>&#8220;Consequently, we see the Indian diamond industry shrinking by over a third on an annualised basis this fiscal,&#8221; he noted.<\/p><p>With the inventory of higher-cost polished diamonds piling up to over four months of sales, profitability of polishers will be chiselled 50-100 basis points amid lower retail prices. According to Crisil Rating.<\/p><p>It said that the silver lining is that a shrinking business translates to reduced debt, which will offset the pressure on credit risk profiles of diamond polishers.<\/p><p>This was revealed in a survey of 46 diamond compnaies rated by Crisil, that account for more than a fifth of the Rs 180,000 crore industry by revenue as of last fiscal year.<\/p><p>Crisil further said since last fical demand for polished diamonds started weakening amid slowing economic activity leading to a volumetric drop of 25 per cent.<\/p><p>But worries about supply of rough diamonds following western sanctions on Russian mining major Alrosa supported prices. Polished diamond price on an average was up nearly 10 per cent last fiscal on-year, it said.<\/p><div class=\"trade-content-10\" id=\"trade-4273505372\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>&#8220;This helped arrest the decline in India\u2019s polished diamonds exports to USD 22 billion last fiscal from USD 24.2 billion in fiscal 2022,&#8221; it added.<\/p><p>In 2023-24, Crisil said &#8220;not only has demand fallen further in major markets, but also there has been no disruption in the supply of roughs.&#8221; Consequently, prices of roughs have corrected, leading to polished diamonds getting cheaper by 10-15 per cent, it said.&nbsp;<\/p><div class=\"trade-after-content\" id=\"trade-3492761394\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Rating agency Crisil said on Wednesday India&#8217;s diamond polishing industry will see its revenue drop by 30-35 per cent to USD 14-15 billion in current fiscal year on poor demand from the US, EU and China. It added, in these three geographies account for 75 per cent of India\u2019s polished diamond exports. Rahul Guha, Director [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":38157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-112158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Revenue of India&#039;s diamond polishing industry may fall by 30-35% this fiscal year: Crisil Rating - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Rating agency Crisil said o Wednesday India&#039;s diamond polishing industry will see its revenue drop by 30-35 per cent to USD 14-15 billion in current fiscal year on poor demand from the US, EU and China.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/the-revenue-of-indias-diamond-polishing-industry-may-fall-by-30-35-this-fiscal-year-crisil-rating\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Revenue of India&#039;s diamond polishing industry may fall by 30-35% this fiscal year: Crisil Rating\" \/>\n<meta property=\"og:description\" content=\"Rating agency Crisil said o Wednesday India&#039;s diamond polishing industry will see its revenue drop by 30-35 per cent to USD 14-15 billion in current fiscal year on poor demand from the US, EU and China.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/the-revenue-of-indias-diamond-polishing-industry-may-fall-by-30-35-this-fiscal-year-crisil-rating\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-18T10:33:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-18T10:34:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/04\/CRISIL-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/the-revenue-of-indias-diamond-polishing-industry-may-fall-by-30-35-this-fiscal-year-crisil-rating\/\",\"url\":\"https:\/\/tradebrains.in\/features\/the-revenue-of-indias-diamond-polishing-industry-may-fall-by-30-35-this-fiscal-year-crisil-rating\/\",\"name\":\"Revenue of India's diamond polishing industry may fall by 30-35% this fiscal year: Crisil Rating - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/the-revenue-of-indias-diamond-polishing-industry-may-fall-by-30-35-this-fiscal-year-crisil-rating\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/the-revenue-of-indias-diamond-polishing-industry-may-fall-by-30-35-this-fiscal-year-crisil-rating\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/04\/CRISIL-Cover-Image.jpg\",\"datePublished\":\"2023-10-18T10:33:55+00:00\",\"dateModified\":\"2023-10-18T10:34:43+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"Rating agency Crisil said o Wednesday India's diamond polishing industry will see its revenue drop by 30-35 per cent to USD 14-15 billion in current fiscal year on poor demand from the US, EU and China.\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/the-revenue-of-indias-diamond-polishing-industry-may-fall-by-30-35-this-fiscal-year-crisil-rating\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/the-revenue-of-indias-diamond-polishing-industry-may-fall-by-30-35-this-fiscal-year-crisil-rating\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/the-revenue-of-indias-diamond-polishing-industry-may-fall-by-30-35-this-fiscal-year-crisil-rating\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/04\/CRISIL-Cover-Image.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/04\/CRISIL-Cover-Image.jpg\",\"width\":1280,\"height\":854},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/the-revenue-of-indias-diamond-polishing-industry-may-fall-by-30-35-this-fiscal-year-crisil-rating\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Revenue of India&#8217;s diamond polishing industry may fall by 30-35% this fiscal year: Crisil Rating\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Revenue of India's diamond polishing industry may fall by 30-35% this fiscal year: Crisil Rating - Trade Brains Features","description":"Rating agency Crisil said o Wednesday India's diamond polishing industry will see its revenue drop by 30-35 per cent to USD 14-15 billion in current fiscal year on poor demand from the US, EU and China.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/the-revenue-of-indias-diamond-polishing-industry-may-fall-by-30-35-this-fiscal-year-crisil-rating\/","og_locale":"en_US","og_type":"article","og_title":"Revenue of India's diamond polishing industry may fall by 30-35% this fiscal year: Crisil Rating","og_description":"Rating agency Crisil said o Wednesday India's diamond polishing industry will see its revenue drop by 30-35 per cent to USD 14-15 billion in current fiscal year on poor demand from the US, EU and China.","og_url":"https:\/\/tradebrains.in\/features\/the-revenue-of-indias-diamond-polishing-industry-may-fall-by-30-35-this-fiscal-year-crisil-rating\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2023-10-18T10:33:55+00:00","article_modified_time":"2023-10-18T10:34:43+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/04\/CRISIL-Cover-Image.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/the-revenue-of-indias-diamond-polishing-industry-may-fall-by-30-35-this-fiscal-year-crisil-rating\/","url":"https:\/\/tradebrains.in\/features\/the-revenue-of-indias-diamond-polishing-industry-may-fall-by-30-35-this-fiscal-year-crisil-rating\/","name":"Revenue of India's diamond polishing industry may fall by 30-35% this fiscal year: Crisil Rating - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/the-revenue-of-indias-diamond-polishing-industry-may-fall-by-30-35-this-fiscal-year-crisil-rating\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/the-revenue-of-indias-diamond-polishing-industry-may-fall-by-30-35-this-fiscal-year-crisil-rating\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/04\/CRISIL-Cover-Image.jpg","datePublished":"2023-10-18T10:33:55+00:00","dateModified":"2023-10-18T10:34:43+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"Rating agency Crisil said o Wednesday India's diamond polishing industry will see its revenue drop by 30-35 per cent to USD 14-15 billion in current fiscal year on poor demand from the US, EU and China.","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/the-revenue-of-indias-diamond-polishing-industry-may-fall-by-30-35-this-fiscal-year-crisil-rating\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/the-revenue-of-indias-diamond-polishing-industry-may-fall-by-30-35-this-fiscal-year-crisil-rating\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/the-revenue-of-indias-diamond-polishing-industry-may-fall-by-30-35-this-fiscal-year-crisil-rating\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/04\/CRISIL-Cover-Image.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/04\/CRISIL-Cover-Image.jpg","width":1280,"height":854},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/the-revenue-of-indias-diamond-polishing-industry-may-fall-by-30-35-this-fiscal-year-crisil-rating\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Revenue of India&#8217;s diamond polishing industry may fall by 30-35% this fiscal year: Crisil Rating"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/112158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=112158"}],"version-history":[{"count":3,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/112158\/revisions"}],"predecessor-version":[{"id":112175,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/112158\/revisions\/112175"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/38157"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=112158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=112158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=112158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}