The news out of Surat, India’s “Diamond City,” is troubling, with reports of 250 diamond units there and across Gujarat having shut down in the past year. According to the Times of India, up to 40,000 workers have lost their jobs. Officers from the Gujarat Diamond Workers’ Union (GDWU) met deputy chief minister Nitin Patel […]

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The Times of India (ToI) reported that India’s diamond cutting and polishing industry will be deferring purchases of about $2 billion as it is currently sitting on roughly $10 billion worth of rough stocks. ToI said that the purchase of rough stones by diamantaires of Surat and Mumbai between January and July this year has […]

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Surat Diamond Association (SDA) is all set to organise the second Carats Surat Diamond Expo in the city. Carats, is essentially a B2B exhibition that is opening up new roads for the diamond merchants to connect and network, with the big sellers. The jewellers and the manufacturers are always on a lookout for reasonable rates […]

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