When the ban came into effect on March 2022, it cut off nearly a third of India's diamond revenue. At least 63 diamond polishers have committed suicide in Surat in the past 16 months.
'Over 30% of India's raw material supply came from Russia's Alrosa mine,' said Dinesh Navadiya, regional chairman of the Gem and Jewelry Export Promotion Council.
Jagdish Khunt, president of Surat's diamond traders association, states, 'From the first bombardment of the Russia-Ukraine war, things have only worsened for us.'
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