Leading diamond and diamond jewellery manufacturer - Suashish Diamonds Ltd was given a long term rating as ‘stable’ by Fitch. It was given a rating of F2 for its $115 million worth of fund-based working capital. Fitch also confirmed an overall BBB rating. Also, Ficth noted that the company had lesser exposure to the U.S. jewellery market, but the overall gem and jewellery risks still exist. %% Previous to this rating, Suashish Diamonds Ltd had a rating ‘negative’ and was given the upgrade based on its improved fiscal performance this year. Fitch has affirmed a positive outlook for India’s gems and jewellery trade to grow beyond the slowdown in 2009.