An estimated 20,000 diamond workers have lost their jobs in Surat, India, in the last month, as global demand slumps, according to a report in Economic Times. Most of the city’s 4,000 manufacturing units are said to working at just 60 to 70 per cent capacity, according to Damji Mavani, the secretary of Surat Diamond […]

The post 20,000 Diamond Jobs Axed in Surat in a Month appeared first on The Jewelry Magazine.