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DIAMOND SECTOR CRISIS
London court orders Nirav Modi to pay Bank of India Rs 100 croreA London High Court has ordered fugitive diamantaire Nirav Modi to pay Bank of India over $10.7 million (approximately Rs 100 crore). The j...- Early signs of stress emerge in MSME loans as West Asia disruptions worry banks: ReportLenders are concerned about the ripple effects of the West Asia conflict, which has disrupted supply chains and increased input costs for b...
- No Santa for exporters this Christmas: Iran war disrupts supply chains, stretches transit times to 60 days, threatens marginsIndian exporters say longer shipping routes, rising input costs, and delayed payment cycles are squeezing margins and putting pressure on d...
- West Asia conflict may dent India Inc profitability by 200 bps: CrisilA prolonged West Asia conflict poses a risk to India Inc's profitability. Crisil Ratings predicts a significant drop in operating margins d...
- Modi wants Indians to press pause on gold. But the $5.2 trillion obsession runs deepIndia’s attempt to protect the rupee is now colliding with one of the country’s strongest cultural habits — buying gold. After Prime Minist...
- Gold vs silver: Where to put Rs 1 lakh today? Experts suggest allocation strategy as gold-silver ratio drops below 55An ideal allocation between gold and silver should depend on an individual’s risk appetite, financial goals and investment goals, Guha unde...
- India rolls out new gold math with import duty hike. Who will foot the bill?India has sharply raised import duties on gold and silver to 15% from 6% to curb demand, protect the rupee and preserve foreign-exchange re...
- 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...
- Indian billionaire boss says he has never worn a diamond watch, introduces employee who owns one. Who is Yusuff Ali?A video of Indian business magnate Yusuff Ali playfully highlighting his employees' diamond watches, while he wears a simpler one, has gone...
- Large export returns, unprocessed inventory hit diamond trade: GTRIThe Global Trade Research Initiative (GTRI) reports a significant drop in India's diamond sector, with a 24.5% decline in rough diamond imp...
- Job losses, factory closures haunt India's diamond sector as trade shine fadesIndia's diamond sector is in crisis with a sharp decline in imports and exports over the past three years, leading to defaults, factory clo...
- A diamond is forever. Even lab-grown diamonds?As a growing number of consumers choose lab grown diamonds and a growing number of leading jewelers start using lab grown, the question is ...
- No hackney diamonds, value up the glimmerStuck in the middle of the value chain, the Indian industry has to fight fires at both ends - depressed prices on oversupply and weak deman...
- Rough diamond import may be curtailed as pandemic stalls tradeIndia’s gross import of rough diamonds had declined by 13.43% to $12.39 billion between April 2019 and February 2020 from a year earlier.
- India shining for diamond industry: De BeersDe Beers, the world's largest diamond miner, sees the industry's biggest opportunity in India, with its burgeoning economy and emerging mid...
- FTP meets the demands of gems & jewellery exportersThe $27-billion Indian gems & jewellery sector, which had a torrid time after the financial crisis broke out, has most of its wishes fulfil...
- 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...
- Modi refuses sops to diamond industryThe captains of the troubled diamond industry looking for a bailout package were coldly reminded of their responsibility towards their work...
- 'India, China still have good demand for diamonds'Diamond industry has hope even though the slowdown world over is clobbering businesse. While the effects can be seen temporarily through lo...
- Belgium's most potent weapon in trade armouryDiamonds are a girl’s best friend, and they are also Belgium’s most potent weapon in the trade armoury.
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