Surat diamond industry pins hope on new mines amid staggered work

With some mines in Botswana being put to work, rough diamond trade could ease by 10% amid US sanctions on Russia's Alrosa which commands 27% global supply

With some of the hitherto inoperative mines in Botswana being made to work, the rough diamond trade could ease by about 10 per cent amid US sanctions on Russia's Alrosa, even as the Surat diamond industry continues with staggered work hours. Alrosa controls as much as 27 per cent of the global supply.

Since it could take 4-6 months for the entire process, starting from mining the rough diamonds and ending with their landing on India shores, the Surat diamond industry is planning to continue with staggered work hours.

"There are some inoperative mines in Botswana where fresh rough diamond