A European Union investigation has found Sri Lanka in breach of international human rights laws and EU sources said the country is likely to lose concessions worth more than $100 million for its top exports to Europe.
The diamond industry's Kimberley Process is failing due to a lack of accountability and follow-up, paving the way for an illegal trade that could see a return of conflict stones to world markets, campaigners said.
A European Union investigation has found Sri Lanka in breach of international human rights laws, meaning it is likely to lose concessions worth over $100 million (91 million pounds) for its top exports to Europe.
Some large Indian jewellers and traders have started selling imported gold and silver coins, ahead of big festivals, raising competition for banks in a fast expanding investment segment, industry players said.
India's cotton exports may rise "significantly" in the year to September 2010, spurred by higher availability and global demand recovery, mainly in China, the major buyer, a senior government official said.