Amid a slowdown in the affluent markets, plunge in prices and chaotic geopolitics, Indian diamond houses, which cut and polish nine out of 10 stones, told banks last week that the next four months would be crucial. The trade that suffered a 30% drop in prices of natural stones and dealt with over 50% slide in lab-grown diamond (LGD) prices in the past one year, expressed concerns about the future. The economic slowdown and volatile geopolitical scenarios have added to the woes of the diamond industry. Diamond houses, responsible for shaping 90% of the stones, have been hit hard by the market slump. The Indian diamond trade has informed banks about the current challenges and emphasized the significance of the next four months. The industry stakeholders remain hopeful that this period will see an improvement in market conditions. However, the uncertain future and constantly changing dynamics pose challenges that need to be addressed for a sustainable recovery. For more information, click on the link above.