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BHAVESH TANK
US tariffs leave a deep cut in India's diamond industryUS tariffs on diamonds, escalating from 10% to 50% since April, have led to approximately 100,000 job losses in Saurashtra's diamond cuttin...- Surat diamond workers call for strike on March 30Surat diamond workers have threatened to strike on March 30 if the Gujarat government fails to address demands, including a 30% salary hike...
- It's natural: Natural diamond prices surge 10% amid rising demandNatural diamond prices have increased by 10% recently, driven by rising consumer demand in key global markets. Industry experts expect this...
- India's diamond units take longer Diwali break, get workers worriedIndia's diamond industry, centered in Surat, is facing a month-long shutdown due to weak demand from the US and China. The prolonged closur...
- Paytm stock slides after COO exit; India’s first microcontroller chipShares of Paytm parent One 97 Communications fell 5% on Monday after its president and chief operating officer Bhavesh Gupta resigned. More...
- Paytm shares tank 20% after company looks to curtail low-value personal loansPaytm said it will expand its portfolio of higher-ticket personal and commercial loans to lower-risk and high-credit-worthy customers, expe...
- Surat on mind, gems body takes up Russia diamonds with USCutting and polishing of rough diamonds have seen a decline in Surat following the US sanctions on Russian miner Alrosa, imposed over Russi...
- 20,000 jobs lost in Surat as diamond demand fadesSurat, the main centre of India's diamond industry, offers employment to some 800,000 workers in its 4,000-odd cutting and polishing units....
- Time’s right for hardware, deep tech companies to step out of campus: Solinas Integrity CEO‘Best on Campus’ award winner highlights slow shift towards hardware and deep tech startups.
- ET Startup Awards 2022: Nominees for Best on CampusThe award will showcase a startup whose impact can be judged both by the idea and the execution. The founders should have been students who...
- Textile and diamond units to cut working days, extend holidaysIn the financial year ended March 31, 2022, exports from Tirupur totalled ₹33,525 crore, compared with around ₹25,000 crore the year before...
- 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...
- 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...
- Nearly 30,000 women join diamond trade in Surat, Saurashtra since April“Women were steadily coming into diamond cutting and polishing over the last five years. But the flow has increased post-Covid as they want...
- Migrant workers return to Surat's diamond quartersDiamond production, which had dwindled by 30% in the first half of May, has recovered and leading diamond exporters say that production is ...
- Production of polished diamonds in Surat declines by 25% in AprilProduction has taken a hit at a time when the trade is witnessing strong demand from the US and Chinese markets, diamantaires said.
- 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...
- Diwali expects to bring back sparkle to global diamond hub SuratWith polished diamond prices going up and demand reviving in China and the United States production is gradually returning to the pre-Covid...
- Surat's diamond industry workers say no to Diwali holidays as demand revivesTraditionally, workers in Surat get a fortnight to a month-long holiday for Diwali, said industry executives.
- With migrants gone, jewellery exporters seeks more time to fill ordersNearly four lakh migrant workers in Surat and Mumbai left because of lockdown and are unlikely to return to work before Diwali. Orders that...
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