Diamonds to get dearer, thanks to millennials' solitaire-driven demand

Indians will have to shell out more for diamond jewellery as miners have increased prices of rough stones. Prices of large diamonds - of 1 carat and above – have risen, and these stones are aspirational purchases for the millennial consumer. Prices have risen after a gap of 10 months. Due to the pandemic and lockdown, operations had stopped at the mines resulting in a shortage of rough diamond supply in the market. Also, the Indian diamond trade