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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]]>Organized by the Israel Diamond Institute (IDI), the Israel Diamond Pavilion will be in the diamond area in Hall 3BC. As in previous years, it will include a spacious lounge, this time in a new and modern design, with refreshments served throughout the day. Convenient “Get Diamonds” terminals will enable buyers to search a computerized […]
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]]>Registration is now open for the 2019 Bharat Diamond Week (BDW) which will take place at the bourse from 14 to16 October. The third edition of the event, following the two shows held last year, will host delegations of buyers from China, Australia, and various Asian countries. The second edition of the Bharat Diamond Week […]
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]]>An extraordinary 3.43-carat fancy vivid purplish pink diamond ring by Moussaieff sold for around HK$58.82 million (US$7.52 million) at Christie’s Magnificent Jewels Spring Auction 2019. The ring, known as the, was the top lot at the sale, which realised a total of about HK$348.64 million (US$44.61 million). Other star performers at the auction were the […]
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]]>The Gem & Jewellery Export Promotion Council (GJEPC) which has been organising awareness-raising workshops and seminars for gems and jewellery enterprises in the MSME sector, recently held one such event in Surat. These seminars cover a gamut of topics to impart knowledge and information to participants on a variety of subjects intended to help them […]
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]]>Sluggish global demand, coupled with the bankruptcy of a few firms, have resulted in large-scale unemployment in the diamond industry in Gujarat, especially in and around Surat Sluggish global demand, coupled with the bankruptcy of a few firms, have resulted in large-scale unemployment in the diamond industry in Gujarat, especially in and around Surat. According […]
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]]>A year after the Nirav Modi-Mehul Choksi scam rattled the nation, diamondNSE 0.00 % houses in India are being pushed to change the way they have been doing business for many decades. Harsh new rules laid down by large banks would force them to restructure their entities, change business associates and spend more. The largest […]
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