Surge in prices attributed to news of US warship and commercial ships assault in Red Sea. On the opposite hand, Avinash Gupta, former director, All India Gems & Jewellery Domestic Council, feels the surge was not substantiated by any fundamentals and was driven solely by anticipation of the US Fed slashing rates of interest much sooner than expected. By David Brough MUMBAI – India has a rare Jewelery News future as a gems and jewellery provider and market. Many business analysts see India turning into the world’s number one jewelry market inside a decade, up from possibly… Kolkata-based jewellery brand,…