Fugitive Indian jeweler Mehul Choksi is facing new charges, that he sold lab-grown diamonds, claiming they were mined. He is already a key suspect, along with his nephew Nirav Modi, in an alleged $1.85bn fraud against the Punjab National Bank (PNB). New charges brought by India’s Enforcement Directorate (ED) detail claims that he cheated top […]

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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 Gem & Jewellery Export Promotion Council (GJEPC) represented by its Chairman Shri Praveenshankar Pandya and Chief Executive Director (CED) Shri Sabyasachi Ray and joined by the Surat Diamond Association President Babubhai N. Gujarati, made a presentation to the Hon’ble Minister of Finance, Government of India (GoI), Shri Arun Jaitley on January 4, 2018. Also […]

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