Diamond industry plans to cut bank financing by 33% this FYIndia's diamond industry plans to reduce its bank financing needs for the current financial year to $4 billion, down from $6 billion in the...
02 Nov, 2023, 04.05 PM IST
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...
04 Feb, 2020, 10.25 PM IST
Labour union soon to be a reality of the diamond industryDiamond Workers’ Union (DWU), registered with labour department in Gujarat, has begun to enroll diamond workers as members in a five-month ...
06 Apr, 2019, 11.30 AM IST
ICEX targets daily turnover of Rs 1,000 croreIn the last quarter of the current fiscal, our daily turnover will be Rs 300 crore.
14 Nov, 2018, 09.28 AM IST
Prices of smaller rough diamonds down 5% as India pares offtakeThere is a lot of confusion at the lower end of the market that deals with smaller diamonds.
24 Aug, 2018, 12.45 PM IST
GJEPC signs MoU with Shenzhen Rough DiamondThe jewellery manufacturers from Shenzhen as well as other parts of China are also exploring long-term business relationships with their co...
13 Aug, 2018, 11.51 AM IST
Customs Department seeks to proclaim Nirav Modi absconder in duty evasion casePublic prosecutor Nayan Sukhadwala said that a case for alleged customs duty evasion has been registered against Nirav Modi by the central ...
08 Aug, 2018, 09.57 PM IST
Relief for related-party diamond tradeAccording to regulations, the customs department gets a fair value of imports and exports through scrutiny conducted by a special valuation...
06 Jun, 2018, 07.50 AM IST
Why the looming spectre of Nirav Modi is engendering vulnerability in India’s diamantairesThe demand for diamond jewellery, especially from unorganised players, seems to have decreased 10-15% within two months, suggested a pan In...
04 May, 2018, 03.28 PM IST
Diamond traders hope to clear the air with banksThe proposed meeting on May 11 will include top executives of global diamond giant De Beers.
25 Apr, 2018, 09.51 AM IST
Trade war worries diamond industryThe US, a major buyer of gems and jewellery from India and China, levies a 6 per cent duty on imports.
02 Apr, 2018, 09.41 AM IST
Nirav Modi case: Government mulls legal options to stall Firestar Diamond's bankruptcy proceedings in USAccording to officials, Firestar Diamond that filed for bankruptcy in a US court is a subsidiary of one of the companies against whom the N...
25 Mar, 2018, 11.26 PM IST
Manoj Sinha blames UPA dispensation for PNB scamNirav Modi and his uncle Mehul Choksi of Gitanjali Group have been accused of defrauding the Punjab National Bank of Rs 12,700 crore.
04 Mar, 2018, 06.59 PM IST
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...
23 Feb, 2018, 07.06 AM IST
PNB fraud PMLA case: ED summons Nirav Modi, ChoksiThe ED yesterday carried out multiple raids on showrooms, workshops, offices and residences of Modi and Choksi and seized diamonds, jewelle...
16 Feb, 2018, 11.51 AM IST
- CAG digs out 500 cr diamond export scam
The federal auditor alerted the government against the possibility of these banks losing their creditworthiness for lack of due diligence i...
06 Dec, 2012, 01.02 PM IST
- Koda crores laundered at SEZ?
At a time when exports had hit a slump and many businesses had folded up, there were a few shining exceptions.
09 Jan, 2010, 07.24 AM IST