Reopening is easier for smaller units though, which do not have any backlog.
“At the start of the meltdown, following decreasing rates, the big units couldn’t sell off polished stones, leading to a huge backlog.
The subsidiaries, however, never faced this problem as they are concerned only with polishing and have nothing
to do with trading,” said Mendepara.
K K Sharma, Executive chairman, Indian Diamond Institute, a research and training unit, said: “We are seeing signs of improvement, but it will take a long time before we see a complete revival.”
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