India's diamond industry plans to reduce its bank financing needs for the current financial year to $4 billion, down from $6 billion in the...

Russian banks have started granting loans to ALROSA's foreign clients for the purchase of rough diamonds. This will help the Indian diamond...

Diamond Workers’ Union (DWU), registered with labour department in Gujarat, has begun to enroll diamond workers as members in a five-month ...

In the last quarter of the current fiscal, our daily turnover will be Rs 300 crore.

There is a lot of confusion at the lower end of the market that deals with smaller diamonds.

The jewellery manufacturers from Shenzhen as well as other parts of China are also exploring long-term business relationships with their co...

Public prosecutor Nayan Sukhadwala said that a case for alleged customs duty evasion has been registered against Nirav Modi by the central ...

According to regulations, the customs department gets a fair value of imports and exports through scrutiny conducted by a special valuation...

The demand for diamond jewellery, especially from unorganised players, seems to have decreased 10-15% within two months, suggested a pan In...

The proposed meeting on May 11 will include top executives of global diamond giant De Beers.

The US, a major buyer of gems and jewellery from India and China, levies a 6 per cent duty on imports.

According to officials, Firestar Diamond that filed for bankruptcy in a US court is a subsidiary of one of the companies against whom the N...

Nirav Modi and his uncle Mehul Choksi of Gitanjali Group have been accused of defrauding the Punjab National Bank of Rs 12,700 crore.

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...

The ED yesterday carried out multiple raids on showrooms, workshops, offices and residences of Modi and Choksi and seized diamonds, jewelle...

The federal auditor alerted the government against the possibility of these banks losing their creditworthiness for lack of due diligence i...

At a time when exports had hit a slump and many businesses had folded up, there were a few shining exceptions.