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ROUGH DIAMOND INDUSTRY
Lok Sabha clears tax bill to boost electronics manufacturing, ease investment rulesThe Lok Sabha approved a bill promoting domestic electronics manufacturing and foreign investment. Foreign firms producing electronics loca...- India needs to ease land acquisition process for industries to attract investments: NITI vice-chairmanNITI Aayog's Ashok Kumar Lahiri highlighted easing land acquisition for industrial investment. He stressed the need for increased domestic ...
- India’s new 15-year tax break could unlock global rough diamond tradeIndia is closer to becoming a global rough diamond hub. A new tax exemption will attract foreign companies to trade rough diamonds. This me...
- India’s gold headache far from cured after 60 days of breatherIndia's gold jewellery demand is rebounding after a weak first half hit by soaring prices, higher import duties and Adhik Maas. Retailers r...
- India's jewellers get a US tariff breather, but the real pain isn't overIndia's gem and jewellery exporters welcomed the US decision to retain the additional tariff on Indian shipments at 10%, giving them a tari...
- The most extraordinary rock on Earth isn't gold or diamond, but the metal is small enough to hold in your hand. Powerful enough to power a cityA plain-looking lithium rock is now more valuable to the modern economy than its appearance suggests. Hidden inside are critical minerals t...
- JPMorgan, other US banks set to help finance Japan's $550 billion US investment plan, sources sayJPMorgan and other US banks are close to agreeing on financing support for projects under Japan’s $550 billion US investment pledge, accord...
- JPMorgan, other US banks set to help finance Japan's $550 billion US investment plan, say sourcesUS banks like JPMorgan are nearing financing agreements for Japan's investment pledge. Japanese banks face high costs for dollar funding, l...
- Tata’s fashion brand Westside plans biggest push yet with 100 annual storesTrent's Westside brand plans to open one hundred new stores annually. This expansion aims to invigorate growth and reach new markets. The c...
- Whisky, cars and more: What gets cheaper as India-UK FTA kicks inIndia UK Free Trade Agreement: The India-UK Comprehensive Economic and Trade Agreement is now in effect. Nearly all Indian exports will gai...
- In reverse flow, India now supplies petrol to energy powerhouse RussiaIndia's petrol is navigating its way to Russia via international traders rather than through direct sales channels. The damage to Russia's ...
- India's much-delayed bullet train project picks up speedIndia is aiming to inaugurate a segment of its inaugural high-speed bullet train line in 2027, nearly a decade after its commencement. This...
- Surat's diamond industry loses shine: Factory closures, job losses, & falling orders hit hardSurat's diamond business is in crisis due to declining global demand and competition from lab-grown diamonds. Workers face job losses and r...
- Sparkle back as polished diamond prices rise 10%A month ago, diamond prices had plunged by 35% due to excess supply amid weaker exports to the US which is facing recessionary pressures. D...
- Diamond industry lands in the rough on labour shortageDiamond exporters were expecting them to return after the kharif sowing was over. Before Covid broke out, there were 600,000 workers in Sur...
- Diamond industry preps for a rough, rocky 2020There has been little good news this year.
- Customs dept cracks down on 'rough diamonds', industry cries foulDept feels traders are siphoning off money through overseas offices by sending spurious rough diamonds.
- Surat diamonds gear up for grand ChristmasEnd to roughs shortage in sight for world’s top processors.
- Rough road for Surat diamond industryUntil recently, the Surat diamond industry was faced with a problem of increasing rough diamond prices and shrinking workforce.
- Export duty may take shine off diamondsThe world’s largest mining country - South Africa - plans to change the laws governing its diamond sector, including imposition of an expor...
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