Diamond sector is under huge crisis due to global recession following COVID-19

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COVID-19 and global economic crisis due to the virus has badly affected 80000 crore diamond industry. Many diamond polishers have lost their jobs, while many small and medium units have shut down their production. As exports have hit, big polishing units are also facing liquidity crisis.

More than two dozen diamond polishers have committed suicide after losing their jobs. Many diamond polishers have left for their native places as there is no work left for them in Surat. While situation is grim, state government or district administration has not taken any concrete steps for these diamond polishers.

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