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In December alone, imports of the valuable steel soared by 156.5% to $3 billion. Switzerland stays the largest source of gold imports, accounting for about 41% share, followed by the UAE (about 13%) and South Africa (about 10%). Despite the rise in gold imports, India’s trade deficit narrowed to $188.02 billion within the first three-quarters of this fiscal year.

If something, what we witnessed through the first half of 2023 was a market on the lookout for pockets of demand and alternatives to commerce or manufacture at revenue. At the very least, the intention for producers is to maintain the wheels turning at round 60 per cent of full capacity for now. The truth of the matter is that pure rough diamond production is just too excessive in comparability with what the market can readily take up. The trade became increasingly Jewelery News anxious about excessive polished shares impacting middle-market …

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