Market gains are capped on concerns about increased production in the United States, and OPEC+ set to increase supply from May.
India in for a tough time
Expects profit in Q4 of FY21 and Q1 of current fiscal
Cut and polished diamond exports fell 12 per cent to $16 billion ($19 billion), while that of gold jewellery more than halved to $5 billion ($12 billion).
On 30-day rolling basis the price has corrected about 10% over the past six months
Prices correct 4% after surging 14% since the start of the year