Surat Diamond Market struggles with the post-covid norm of E-tendering

Business News:  The Surat diamond market is known as the biggest diamond market in the world. In a conversation with the ANI, the chairman of Indian Diamond Institute, Vipul Bansal opens up about the difficulties faced by diamond merchants in the post-covid era owing to the e-tender system. 

Drawbacks of e-tender in diamond market

The introduction of e-tenders has led to bulging challenges for small diamond merchants as the bidding price rises during the e-tenders processes. The chairman elaborated that today only big bidders can raise a bid in the market. 

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