De Beers India sees rising Covid cases hitting Akshaya Tritiya sales, pins hopes on vaccinationThe situation in the diamond market has not yet improved. According to the annual report on the global diamond industry, the current crisis...
11 Apr, 2021, 06.17 PM IST
Diamond hub Surat likely to buzz with activity after Diwali as migrant workers set to return“Demand has revived and the trade is getting good orders from the US, China, Gulf countries and some parts of Europe. There is good demand ...
04 Nov, 2020, 04.48 PM IST
India's diamond trade has one less problem to solve amid pandemicDe Beers and ALROSA, the two biggest miners in the trade, have decided to extend by a quarter the existing long-term rough diamond supply c...
28 Oct, 2020, 07.19 PM IST
Wedding demand will drive diamond consumption in the quarter to DecemberDe Beers also said it has executed 80% of its orders with Indian manufacturing units in Surat and retailers across the country to cater to ...
23 Aug, 2020, 06.52 PM IST
Loved Deepika Padukone's diamond mangalsutra? Light-weight jewellery is the new trendThe actress' simple yet elegant mangalsutra with solitaire in the middle may be around Rs 20 lakh.
15 Dec, 2018, 08.54 AM IST
Once bitten... bankers pay more visits to gems unitsDiamond exporters said bank officials are making frequent visits to their facilities for stocktaking.
23 Mar, 2018, 04.27 PM IST
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...
01 Oct, 2017, 09.41 AM IST
Jewellers offer sops on cashless transactionsAccording to jewellers, sales are down 30-40% now, a marked improvement from the 80% plunge seen soon after demonetisation.
23 Dec, 2016, 08.49 AM IST
2G scam money went to tax safe havens via Surat: Enforcement DirectorateInvestigations by the Enforcement Directorate into Rs 5,395-crore hawala scam has revealed that operators were also involved in sending 2G ...
10 Jul, 2015, 04.56 PM IST
Rough diamonds may turn expensive by 2-3%; Weak rupee dulls solitaires' lustreDiamond traders are worried that a price hike will dampen the solitaire demand in Indian market that was gradually picking up in the countr...
29 Apr, 2015, 10.13 AM IST
Surat fake diamonds case: Special court summons 77 accused on Sept 2A special anti-money laundering court in Amhedabad issued summons to 77 people in the Rs 5,000-crore Surat fake diamond trade & hawala scam.
22 Jul, 2014, 02.05 PM IST
Inspite of drop in rough diamond price, demand for jewellery sluggish this yearA drop in rough diamond prices by nearly 5 per cent has not brought smiles back to the Indian diamond trade as customers are holding back t...
18 Oct, 2013, 04.00 AM IST
Diamond industry of Surat witnesses sudden spurt in demandGem and Jewellery Export Promotion Council feels that even though there is a positive swing, diamond exports in the current fiscal will be ...
03 Sep, 2012, 05.37 AM IST
Budget 2012: Jewellery exporters seek simplified tax regimeGems and jewellery exporters are seeking a simplified tax regime and withdrawal of one per cent excise duty on branded jewellery.
28 Feb, 2012, 11.21 AM IST
- Diamond houses keep fingers crossed after change of guard at De Beers
The buyers quietly pick the boxes and take flights back to Mumbai or Antwerp, where the stones are cut and polished by skilled craftsmen.
13 Dec, 2011, 02.15 AM IST
- Gems and jewellery exports may grow 30-35 pc in FY 11: GJEPC
India's gem and jewellery exports is expected to clock a 30-35 per cent growth in FY 11, a top industry official said today.
06 Oct, 2010, 05.35 PM IST
- India, China driving recovery of diamond industry: Schittecatte
Demands from Asian markets, especially those of India and China are driving the recovery of the diamond industry from meltdown, Belgian Con...
07 Jun, 2010, 06.08 PM IST