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DIAMOND INDUSTRY EMPLOYMENT
Natural diamonds, real change: Driving sustainable impact in IndiaThe diamond industry is prioritizing sustainability, with India leading the charge by integrating a fifth 'C' – conscience – alongside trad...- Gold recycling schemes on the rise after gold prices move up: How your old jewellery is evaluated and what price you getRising import duty and PM Narendra Modi’s appeal to delay purchases have pushed jewellery brands like Kalyan Jewellers and Malabar Gold & D...
- Gold volume growth may dip 10–15% after duty hike, say jewellersIndia's gold and silver import duty hike may affect jewellery sales volumes initially. Industry leaders believe demand will stay strong due...
- FM Nirmala Sitharaman bullish on gems & jewellery sector opening new skilled job opportunitiesA significant grant supports lab-grown diamond research at IIT Madras. The Finance Minister inaugurated a new jewellery institute in Udupi....
- West Asia war: Amid gloom and doom in Surat and Tiruppur’s textile clusters, one industry offers hopeAs the West Asia conflict drags down most sectors in India’s two major textile hubs, one segment in Surat is opening up new opportunities
- From rough to radiance: Surat’s diamond industry that powers millionsNatural diamonds' value stems from human skill, transforming raw stones into meaningful treasures. India, particularly Surat, processes ove...
- Empty offices, lost orders: India's diamond hub stands idle as steep US tariffs loomThe Surat Diamond Bourse, intended to be a hub, is struggling. Weak Chinese demand and potential US tariffs are hurting India's diamond exp...
- India introduces Diamond Imprest Authorization Scheme to boost exportsThe Diamond Imprest Authorization (DIA) Scheme, effective April 1, 2025, allows duty-free import of natural cut and polished diamonds under...
- Diamond sector facing challenges during last three years due to reduced demand: Piyush GoyalIndia's diamond sector has struggled in the last three years due to lower demand and sanctions on Russian diamonds. Exports dropped to $18....
- Congress bats for diamond workersCongress is demanding safeguards for Surat's diamond workers as the industry grapples with the rise of lab-grown diamonds. Jairam Ramesh, C...
- Fading sparkle? Lab-Grown diamonds dive from $300 to $78 a caratThe lab-grown diamond market has seen a significant price drop from $300 per carat in July 2022 to $78 per carat recently, with natural dia...
- Plan to slap fresh sanctions on Russia's Alrosa could hit Surat diamond workers“We have been hearing from different sources that there will be fresh sanctions and it will start with large diamonds,” Gem & Jewellery Exp...
- 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 ...
- Malabar Gold & Diamonds to invest Rs 9,860 crore over next three yearsMalabar Gold & Diamonds has been doubling down on its investments in recent times to ramp up its `Make in India, Market to the World’ initi...
- Ukraine impact: About 250,000 workers in Surat's diamond units sent on leave, job losses loomThe US Treasury had slapped sanctions on Alrosa on April 8, potentially cutting off about 30% of the world's supply of rough diamonds.
- Diamond traders fear job losses even as Russia Co assures supplyThe diamond industry in Surat employs nearly 800,000 people and is said to have processed 14 out every 15 diamonds available in the world.
- COVID-19: Surat's 8 diamond firms partly shut after positive casesThe Surat Municipal Corporation (SMC) said that it has ordered closure of certain floors and departments of these eight diamond units locat...
- Slump-hit diamond sector may sparkle againRBI taskforce has stressed on helping displaced workers by extending soft loans with elongated repayment cycle and creation of education fu...
- Diamond workers in demandWith more and more Indian companies setting up diamond cutting and polishing units in African countries like Bostwana, Namibia, Angola and ...
- GJEPC told to set up new areasThe government has asked the Gems and Jewellery Export Promotion Council (GJEPC) to develop new regions within the country.
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