The temporary move comes amid shrinking demand for the precious stones on international markets Russian mining giant Alrosa has placed a temporary suspension on sales of rough diamonds in September and October in a bid to prevent overstocking and avoid a drop in prices amid low demand, the company announced on Wednesday. The move was taken at the request of India’s Gem & Jewellery Export Promotion Council (GJEPC) following a meeting of leading Indian diamond cutters. “The move to halt rough-diamond allocations reflects Alrosa’s commitment to stabilizing the market’s supply-and-demand balance. With the ongoing tren
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