Why business of surat diamond is deteriorating?
Surat is said to be best place of Diamond business. But in recent years we are seeing decline. Please can anyone speak why? I have a website call http://www.shoppingsurat.com mostly I get company from us and not local why?
Answers: Becasue of Surat Diamond Industry Surat is called Diamond City.
From my point of attitude there are following reason for declining this sparkling industry.
1. ROUGH DIAMOND PRICE INCREASE:- After every three or four six months price of rough diamonds are increasing. Because of this price increase edge in diamond industry is drying out.
2. LOSING DTC STATUS :- Many bigger company's contained by surat has lost DTC status. Surat Diamond industry consists of middle and smaller firms. And these companies hold to be dependent for rough diamond on bigger companies, losing DTC status by bigger companies, these smaller and medium sized diamond are facinf crisis for rough diamond.
3.RASING OF RUPPES AGAINST DOLLAR:- Lion Share of diamond jewelry export bazaar was America. With recent cutback fall within america, Rupee went up against Dollar.Thus Diamond jewelry export bazaar badly artificial.
I looked into this page. http://www.shoppingsurat.com/surat-diamo... it has upright information.
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Answers: Becasue of Surat Diamond Industry Surat is called Diamond City.
From my point of attitude there are following reason for declining this sparkling industry.
1. ROUGH DIAMOND PRICE INCREASE:- After every three or four six months price of rough diamonds are increasing. Because of this price increase edge in diamond industry is drying out.
2. LOSING DTC STATUS :- Many bigger company's contained by surat has lost DTC status. Surat Diamond industry consists of middle and smaller firms. And these companies hold to be dependent for rough diamond on bigger companies, losing DTC status by bigger companies, these smaller and medium sized diamond are facinf crisis for rough diamond.
3.RASING OF RUPPES AGAINST DOLLAR:- Lion Share of diamond jewelry export bazaar was America. With recent cutback fall within america, Rupee went up against Dollar.Thus Diamond jewelry export bazaar badly artificial.
I looked into this page. http://www.shoppingsurat.com/surat-diamo... it has upright information.