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EMPLOYMENT IN DIAMOND INDUSTRY
Odisha govt approves 20 mega investment proposals worth Rs 76,612 croreOdisha's government has approved 20 mega investment proposals totaling Rs 76,612 crore, projected to create over 50,000 jobs. These signifi...- 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
- 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...
- Budget 2024 boosts India's diamond industry growth & export potentialThe Union Budget for 2024-25 presented by Finance Minister Nirmala Sitharaman has been hailed by the Gem & Jewellery Export Promotion Counc...
- 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...
- 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.
- In times of Covid, diamond jobs are not foreverAfter the lockdown was imposed, imports of rough stones dried up, and nearly 70% of workers left.
- 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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