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SMALL DIAMOND UNITS
No Santa for exporters this Christmas: Iran war disrupts supply chains, stretches transit times to 60 days, threatens marginsIndian exporters say longer shipping routes, rising input costs, and delayed payment cycles are squeezing margins and putting pressure on d...- Trial by fire: Sonarpur attack seen as crucial moment for Abhishek Banerjee's political careerAn attack on TMC leader Abhishek Banerjee in Sonarpur marks a potential turning point. Political observers suggest this incident could forg...
- Indian billionaire boss says he has never worn a diamond watch, introduces employee who owns one. Who is Yusuff Ali?A video of Indian business magnate Yusuff Ali playfully highlighting his employees' diamond watches, while he wears a simpler one, has gone...
- Lights still out in many diamond units as exports dimIn places like Saurashtra, Bhavnagar and Amreli in Gujarat that house small diamond processing units, nearly 50% of the facilities are stil...
- 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 ...
- Small diamond production in Gujarat takes hit due to cyclone TauktaeNavadiya said there is still a 20% shortage of workers in Surat, the major diamond cutting and polishing hub of the country. “Those migrant...
- Price of small diamonds down 15%The diamond firms who participated in the event said the demand for loose diamonds and jewellery was subdued.
- 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...
- Banks under PCA cautious of funding to diamond unitsTraders worry about access to fund flows to small and medium diamond units
- GST regime affects small diamond units in GujaratDamjibhai Mavani, secretary of Surat Diamond Association, said, “It will take at least a year to put things in order. This is the problem o...
- Demonetisation hurt diamond clusters in India, traders tread gingerlyDe Beers revenue from rough diamonds declined sequentially to $418 million in the final sales cycle of the year as tighter liquidity in Ind...
- Cultural governance binds Indian diamond industry: IIM studyThe industry culture in the diamond cutting and polishing business helps align the small, medium and large firms into a network, it said.
- Diamond city Surat loses sheen, braces for a dull DiwaliThe diamond industry, which is known to reward its employees in a major way during Diwali, is less than inclined to splurge this time aroun...
- Rupee fallout: 25,000 diamond workers joblessFive years after global recession rendered lakhs of diamond workers jobless - many even committed suicide - thousands are staring at the sa...
- Why world's diamond polishing hub Surat has never seen Brussels-type heistSurat, the world's diamond polishing hub, has never seen a heist of the kind Brussels saw recently. The entire industry works on a system o...
- Surat diamond units unite to take on global cosSurat diamond industry is finally getting a financial muscle. Some 500 units, out of the 4,500 have decided to form a company to source rou...
- Surat diamond units form company to tap mines directlyMove to minimise Antwerp’s role, challenge biggies like De Beers, Rio Tinto.
- Gujarat diamond polishing units may have an extended vacationChances seem bleak that the diamond industry in Gujarat will start operating in full-swing from December 8 — the day when the vacation is e...
- Diamond units plan shorter work weekUnlike in the past when the diamond polishing units of Surat used to work overtime after the Diwali vacations to meet the demand of the Chr...
- Diamond workers in demandWith more and more Indian companies setting up diamond cutting and polishing units in African countries like Bostwana, Namibia, Angola and ...
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