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DIAMOND GRADING FIRM
Mumbai’s eastern corridor gains traction as firms expand beyond BKCMumbai's commercial landscape is shifting from traditional hubs like BKC and Nariman Point to emerging micro-markets such as Chembur, drive...- International Gemmological Institute garners Rs 1,900 crore from anchor investors ahead of IPOIGI India, backed by Blackstone, secured Rs 1,900 crore from anchor investors, including Government of Singapore and leading mutual funds, ...
- Blackstone eyes $300 million IPO of Indian diamond certification firm: ReportBlackstone acquired IGI for $570 million in May 2023 from Chinese conglomerate Fosun and the business's founding Lorie family. IGI has most...
- Rating upgrades for Indian companies at decadal highThere has been a secular improvement in the financials of rated companies for the third straight fiscal year, rating agencies said Tuesday ...
- Blackstone set to buy diamond grading company IGI for up to $550 millionPE to buy IGI from Fosun, founders, small shareholders in a deal likely to be signed this weekend.
- Global private equity funds take a shine to international gem instituteIt is extremely likely that the funds for the transaction, if it were to go ahead, would be drawn from India allocations of the private equ...
- NMDC cuts iron ore prices by Rs 200 per tonneThe state-run firm also cut the prices for iron ore fines, which is inferior grade ore, by Rs 200 to Rs 2,460 per tonne, NMDC said in a BSE...
- Customs dept cracks down on 'rough diamonds', industry cries foulDept feels traders are siphoning off money through overseas offices by sending spurious rough diamonds.
- NMDC cuts iron ore prices by Rs 300 a tonneThe state-run firm has also cut the prices for iron ore fines, which are inferior grade ore, by Rs 200 to Rs 3,110 per tonne for December 2...
- Banks opening up loan window to high rated gold jewellers, but no respite for smaller onesBanks across the board have restricted lending to jewellers after the Rs 13,700-crore Punjab National Bank scam involving diamond merchant ...
- 7 BTech graduates had dragged Mehul Choksi to court for fraud in 2017These BTech graduates had collected Rs 3 crore through crowdfunding, mortgage and aid from their parents to open Gitanjali Jewelery Retail'...
- What is really going on behind Surat's high-tech, labour-intensive diamond industry?The diamond market is deserted. Young people are now moving into the textile industry. In the meantime, the world’s luxury seekers keep Sur...
- Israeli technology to revolutionise diamond industry in IndiaIt enables diamond manufacturers and traders to ensure that each individual stone is optimally valued for its ideal sales market, the compa...
- Madhya Pradesh sees better response to second attempt at diamond mine auctionThe Hatupur diamond deposit in Panna is spread over 133 hectares and promises reserves of 10.20 carat diamonds as per preliminary explorati...
- States get ready for 2nd phase of mines auction in SeptAccording to analysts, there will be good response for iron ore mines, and gold and diamond too will see interest.
- Make In India: We are looking at direct sale of diamonds to India, says Alrosa's Andrey Zharkov"Prices of oil, metals and commodities have crashed 30–40% over the past one year, but diamonds have not fallen with the same intensity."
- Diamond retailers may be mixing synthetic and real stonesIt's a suspicion that has deepened over the years, sparking a highstake battle over hundreds of millions of dollars in the secretive world ...
- China’s love for cheap diamonds heating up mass marketPrices for a 1-carat internally flawless “top white” diamond have gained about 7% in two years, while a stone of similar size and color wit...
- Diamond India scours foreign shores for glitterSupply concerns have led top diamond merchants to source the precious stone directly from mines outside India. Diamond India, promoted by 5...
- Inferior diamonds sparkle among high grade lotsBadlo is an illegal practice existing in the industry for many years.
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