New Delhi: The slowdown in the country has now reached the diamond industry. Many industries in the country are still in a recession. Jobs are being created in these industries in a big way. Now, it has a diamond industry in its JD. Gujarat is considered to be the stronghold of the diamond industry in the country. In the past few months, 60 thousand people do not have a job. 40 percent of the factories have dropped their shutters, which has led to this situation. At present, 15 percent of people have lost their jobs.

According to a report, Surat is considered to be the biggest diamond trading stronghold in Gujarat. According to businessmen here, the situation had started to be very difficult since November 2016. The demonetization in November 2016, followed by GST in July 2017 and the PNB scam by Nirav Modi, Mehul Choksi in February 2018, have completely broken the backbone of the business. Apart from Surat, Amreli and Bhavnagar also have diamond cutting and polishing business. The demand for Indian diamonds is declining all over the world.

In China, 20 percent, in Gulf countries and Europe and America, the demand for Indian diamonds has also shown a declining decline. Cut Polish diamond exports declined by 18.15 percent in July. On the other hand, the four months of the financial year have seen a decline of 15.11 percent over the beginning of the financial year as compared to the previous year. There are 20 lakh people involved in the diamond business, out of which eight lakh are only diamond cutting and polishing. There is a terrible pressure on the Government to deal with this recession.

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