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Suicides, Layoffs As Slowdown Hits Surat, Ground Report From India’s Diamond Hub

Suicides, Layoffs As Slowdown Hits Surat, Ground Report From India’s Diamond Hub

BusinessToday.In
BusinessToday.In
  • New Delhi ,
  • Aug 23, 2023,
  • Updated Aug 23, 2023, 3:28 PM IST

 

Diamonds may be forever, but that does not mean the industry’s success is guaranteed as well. India’s largest diamond hub Surat is facing the heat of the Russia-Ukraine war. With the primary source of raw materials choked off, workers in Surat are losing jobs and some have even committed suicide reportedly due to financial hardships. Business Today TV brings you this report on the crisis.

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