De Beers sees India as a bright spot, notes early recovery signs in US
India is the world's largest centre for cutting and polishing diamonds, accounting for nine out of 10 diamonds polished globally.
Jewelry will be a popular gift option this Mother’s Day, with 31.2 percent of celebrants planning to buy mothers silver, gold or diamonds, up 19 percent from last year, according to a recent survey. Total spending on jewelry is expected to reach $3.0 billion.
