Demand for lab-grown diamond rise on sanctions against Russia: CRISIL

The sharp fall in rough diamond supplies from Russia due to economic sanctions has boosted demand for cheap lab-grown diamonds. Rahul Guha, Director, Crisil Ratings, said rising natural diamond prices amid short supplies have fast-tracked a shift in consumer interest to lab-grown diamonds, which are 50-60 percent cheaper. The market share of lab-grown diamonds is […]

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Indian crude oil refiners purchase of Russian crude fell to 4% in June 2022 from 7% in May: CREA Report

Indian refiners bought just 4% of all Russian crude exports in June, down from 7% in May, but imports from the country were still higher than the pre-invasion level, according to the Helsinki-based independent research organization, Centre for Research on Energy and Clean Air (CREA).   CREA’s data, derived from tracking ship movements and pipeline […]

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