Flooding in Surat May Lead to Indian Goods Shortage

Massive floods in Surat, the diamond- cutting capital of India, could lead to a shortage of certain goods this holiday season, Indian traders told JCK. Affected goods could include melee, stones weighing less than 0.20 cts., and “stars.” In mid-August, monsoon rains struck Surat and surrounding areas, causing a local dam to overflow and as much as 25 feet of water to submerge the city of almost 3 million people. In a scene reminiscent of New Orleans after Hurricane Katrina, many residents took to their roofs to escape the waters. It's believed that more than 200 people died. “It is very bad,” says Bakul Mehta, chairman of the Gem & Jewellery Export Promotion Council, the Indian industry group. “I was just there, and to see what people must have gone through ... it was terrible.” An estimated 50 percent of India's diamond production is manufactured in Surat. The floo

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