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ANTWERP DIAMOND HUB
Diamond traders urge FM Sitharaman to slash import duty on cut and polished diamondsDuty on polished diamonds was raised to 7.5% in September 2018. This includes duty on diamonds exported and then reimported. “The duty shou...
Indian diamond traders may get loans from Russian banks to buy diamonds from ALROSARussian banks have started granting loans to ALROSA's foreign clients for the purchase of rough diamonds. This will help the Indian diamond...
Union Bank of India exits Antwerp diamond marketState-owned Union Bank of India has decided to quit Antwerp diamond hub in Belgium as the branch did not generate expected business, a seni...
Union Bank of India quits Antwerp diamond hubAntwerp didn’t generate “the expected amount of business, particularly from the diamond sector,” UBI said.
Will India’s diamond cutting operations shift to Israel, Belgium?India is the world’s largest cutting and polishing centre of rough diamonds, and it is said that 14 out of every 15 rough diamonds in the w...
Diamond consumption in India, China to equal US: Andrey Polyakov of ALROSAWe will spend a lot of money along with retailers and polished diamond producers on marketing to drive demand for this special stone.
Vladimir Putin's India visit will boost diamond trade: GJEPCGJEPC has expressed the hope that Russian President Vladimir Putin's forthcoming visit to India will boost the diamond sector in both the c...
Race is on between Mumbai and Surat to become largest diamond-trading hub in IndiaThe rivalry between Mumbai-based diamond trade and the diamond cutting and polishing industry in Modi's home state Gujarat is heating up.
Alrosa may enter into contract with Indian traders at Diamond Conference to be attended by PM Modi, Vladimir PutinIf the deal goes through, it will pave the way for the Indian diamond industry to get stones directly from Russia, cutting out the middleme...
A diamond trading hub in Mumbai? Does it make the cut?The proposed hub will allow local players to buy directly from miners and bring down prices.
Standard Chartered reducing diamond exposure; lenders demand extra collateral from diamantairesBesides rough diamond stock, lenders ask for fixed assets, cash margin and claim on receivables for extending credit facilities.
Surat to have India's first diamond SEZ soon: Saurabh PatelAfter courting success with an array of special economic zones, Gujarat is now proposing to set up an only-for-exports hub for diamonds at ...
- Belgium: The city of sparkles
With so much of the world's diamonds passing through Antwerp, little wonder that ET was bedazzled at every turn.
- Meet the Munnabhai of global diamond trade
A young lad from Palanpur, who studied in a Gujarati medium school till SSC, Mehta made a mark in the diamond hub of Antwerp where the orth...
- Antwerp drops diamond conference on credit crunch
Antwerp, the center of the world's diamond trade, is dropping its diamond conference this year due to the financial crisis, the organizers ...
- Diamond industry faces heat as South Africa plans to restrict export
According to sources, the South African government is all set to introduce amendments in law governing the diamond industry. Should artists...
- This Budget to be a girl's best friend
With the Union Budget likely to abolish the import duty on cut and polished diamonds (CPDs) and gemstones, the ems & jewellery industry is ...