The Gem & Jewellery Export Promotion Council (GJEPC) and other Indian trade bodies have called for the diamond manufacturing industry to avoid shipping rough into India between July 10 and 31, Rapaport reported.
They have given companies a window of July 1 to 9 in which to import goods to keep factories operational, and will review the policy in the final week of July, the groups said in a letter to members on June 30, according to Rapaport.
Weak polished demand due to the impact of coronavirus led the GJEPC, the Bharat Diamond Bourse, the Mumbai Diamond Merchants Association, the Surat Diamond Bourse and the Surat Diamond Association to call for a rough-import pause for a month from May 15. They later delayed it to June 1 so companies could complete outstanding shipments.
