India sniffs at new opportunity to add to its already shiny diamond market credentials

The sharp decline in LGD prices has hit several international companies hard. Notably, WD LGD, the largest LGD maker in the US, went bankrupt last year. Similarly, De Beers halted its LGD production for jewelry in May, and French firm Diam Concept entered receivership in July. In such a backdrop, Indian companies are capitalising on their inherent cost advantages.