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DINESH NAVADIYA PRESIDENT
India sniffs at new opportunity to add to its already shiny diamond market credentialsThe sharp decline in LGD prices has hit several international companies hard. Notably, WD LGD, the largest LGD maker in the US, went bankru...- Gujarat's diamond industry hit hard by Russia-Ukraine warDue to shortage of supply of small-size rough diamonds from Russia, businessmen in Gujarat are forced to buy the raw material from African ...
- Surat: Sharp increase in rough diamond prices is impacting workersAs a result, in some cases, workers are being deployed for only three days a week. Rough diamond prices had started increasing from July on...
- Gujarat: No impact of COVID-19 on Surat's diamond industryMajority of workers have migrated here from Saurashtra and north Gujarat, while only 10 per cent are from Uttar Pradesh, Madhya Pradesh and...
- Coronavirus impacts Surat's diamond trade“The migrant workers are going to their hometowns to keep their families. They are taking 10 or 15-day breaks and they will definitely retu...
- COVID-19: Surat's 8 diamond firms partly shut after positive casesThe Surat Municipal Corporation (SMC) said that it has ordered closure of certain floors and departments of these eight diamond units locat...
- In times of Covid, diamond jobs are not foreverAfter the lockdown was imposed, imports of rough stones dried up, and nearly 70% of workers left.
- Indian diamonds are back in demand in China, USPrices of polished stones have risen 4% in the past fortnight; Surat traders happy.
- Cut GST in diamond B2B deals: Traders“This 3% GST is creating a lot of problems. The government should do something to ease them," Dinesh Navadiya, president, Surat Diamond Ass...
- Cut GST in diamond B2B deals: TradersSerial number of the delivery challan for diamonds will have to be maintained as per rule.
- Diamond stockpiles add weight to Indian unitsExports of cut and polished diamonds declined 4.4 per cent to Rs 10,614 crore, against Rs 11,098 crore.
- Rough diamonds dull in US, glitters in IndiaBoth diamond and gold jewellery has shown good demand in India
- Diamond traders in India focusing on emerging Chinese marketAs the US, Europe markets are not so attractive due to fall in demand, India's diamond industry is focusing on the Chinese market.
- Diamond imports ebb as jewellers clear inventoryThe Prime Minister’s Office had recently asked gold and diamond traders to suggest measures to reduce imports and increase exports to conta...
- Seeking membership: Global players keen to join Surat Diamond BourseDiamond merchants from Belgium, Dubai, Israel and Hong Kong are keen on joining the upcoming Surat Diamond Bourse and have applied for memb...
- Rail Budget 2014: Mumbai-Ahmedabad bullet train to give a boost to SuratThe proposed Mumbai-Ahmedabad bullet train could provide a fresh sparkle to Surat, the industrial city that processes nine of the 11 diamon...
- Fall in rough diamond prices may not benefit Indian consumersIndian consumers may not get the benefit of falling global rough diamond prices, as the retail level polished prices have not come down
- Diamond exporters look for brisk sales in Christmas seasonAnnual sales of diamonds from India to the US is pegged at around $65 billion. More than half of this demand comes from New York.
- Diamond prices to rise till March as roughs get costlyIf you are planning to postpone buying diamond jewellery till Christmas end, than you must not delay it anymore as rough stone prices.
- Diamonds' sparkle dims workers' holidaysThere is light at the end of the tunnel for nearly two-lakh diamond workers in Surat who lost their jobs since the credit crisis led to con...
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