The triangle that connects Venezuela, Brazil and Guyana attracts a huge number of illegal gold and diamonds prospectors who dream of changing their lives overnight by finding a huge bonanza.
Two entities under the Union ministry of commerce report differing figures for import of cut and polished diamonds for the first eight months of the financial year.
Mondo Duplantis and Karsten Warholm to compete in 100m sprint
The IPO market is set to be bustling next week, with 11 companies like Vishal Mega Mart, TPG Capital-backed Sai Life Sciences and fintech firm One Mobikwik Systems gearing up to launch their initial share sales, collectively aiming to raise nearly Rs 18,500 crore. Other mainboard IPOs to be launched during this period are Inventurus Knowledge Solutions Ltd and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd.
One thousand and five hundred diamond polishing units of Surat had got together to challenge the monopoly of multinationals by sourcing rough diamonds straight from miners.
Jake Paul is betting on himself to beat boxing legend Mike Tyson when the pair meet in the ring in Texas on Friday.
Both athletes are currently practicing in a facility at St Moritz, Switzerland ahead of the multi-sport extravaganza.
Chopra to begin season with Doha Diamond League on May 10, Jena also to compete for his DL debut
Gold and diamond retail chain Malabar Gold & Diamonds will be investing Rs 1,600 crore in FY22 to launch 56 stores globally with 40 across India and 16 internationally in FY22 to further boost its retail presence across the globe. The move is expected to generate over 1,700 jobs. In India, the expansion strategy is centred in states like Tamil Nadu, Telangana, Andhra Pradesh, Karnataka, Maharashtra, Delhi, West Bengal, Uttar Pradesh, Odisha and Kerala. Internationally, the expansion will be in markets such as Singapore, Malaysia, Oman, Qatar, Bahrain and UAE.
India is the world's largest diamond cutting centre.
So far, rough diamonds mined from the Panna mines in Madhya Pradesh were auctioned online but displayed only at Panna.
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There are around 6,500 diamond manufacturers of which Palanpuri Jains operate a mere 6 per cent, or around 400 companies. But they stand out for being highly interlinked through blood ties.
Neeraj Chopra will happily settle for a shorter throw in Paris if it proves enough for him to hold on to his Olympic title, his coach said.
Recent defaults have made a section of traders contemplate moving towards promissory notes.
Qatar's Akram Afif has been named the Asian Football Confederation's Player of the Year for a second time with Kiko Seike from Japan securing the women's title at the regional body's annual awards ceremony in Seoul on Tuesday.
The economic downturn in the world's jewellery markets has checked the growth of India's diamond export industry, cutting the workforce by as much as 25 per cent and forcing one of the country's most promising export sectors to seek government help.
'The quality of a leader should be such that even if the leader is not there, the institution carries on.'
The primary market is expected to remain vibrant, with at least 10 companies, including supermart major Vishal Mega Mart and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd expected to raise a combined Rs 20,000 crore in the next month, merchant bankers said. Education-focused NBFC Avanse Financial Services, TPG Capital-backed Sai Life Sciences, hospital chain operator Paras Healthcare, and investment bank DAM Capital Advisors are also among the companies planning to launch their IPOs in December, they added. The companies aim to raise a total of Rs 20,000 crore through their public offerings.
Chopra had claimed the silver at this event in 2022.
Olympic champion Neeraj Chopra won the gold medal in men's javelin throw event of the Federation Cup in Bhubaneswar, his spear shimmering through the balmy Wednesday evening sky after an unusually slow start in his first competitive outing on Indian soil in three years.
Diamonds are such a highly traded commodity that multiple organizations have been created for grading and certifying them.
As Designer Isha Jajodia's showstopper and muse, she looked like a fairytale princess.
Warholm ended his day by coasting to victory in the 400m, setting a time of 45.05 on a blustery afternoon that made conditions difficult for many of the athletes on show.
Beauties from B-town are often spotted wearing this universally flattering hue and they always rejig it to match the latest trends.
The United Arab Emirates (UAE) has agreed to look into India's concerns over compliance to rules related to the import of silver products, platinum alloy and dry dates, the commerce department said on Tuesday. During a joint committee meeting under the India-UAE trade deal, officials from New Delhi raised concerns over the recent surge in imports of these products. These were being shipped to India, taking advantage of the lower tariffs under the pact.
Mayank Yadav is set to walk into the IPL 'Million Dollar Club' after making his international debut in the first T20 International against Bangladesh.
'We need to see how quickly the industry comes out of the impact of the note ban.'
The Kalinga Stadium in Bhubaneswar is one of the best facilities in the country and it has hosted several national championships and the Asian Championships in 2017 during which it had earned praise from the current World Athletics President Sebastian Coe.
Firestar Diamond, which on its website states that its operations span the US, Europe, the Middle East, the Far East and India, blamed liquidity and supply chain challenges.
The government has also set targets for the next 25 years. We are working on the target of becoming a $5-10 trillion economy as well as taking exports to a record high, he said.
Germany's Christina Schwanitz effectively wrapped up her first Diamond Race shot put title with a winning throw of 20.13 metres on the eve of the main IAAF Diamond League meeting in Stockholm.
The model has been soaking up the sun at the French Riviera.
Stories are legion about the Karatmeter's use at that time. Hundreds of people standing in queue for testing, customers breaking down after discovering the actual purity of their jewellery and then becoming irate about the jeweller who had gypped them, the local jewellery industry leaning heavily on the Tanishq franchisees to desist from using it, some jewellers even threatening violent action.
Gold sales on Dhanteras are estimated to drop 10 per cent in volume terms year-on-year on sharp 33 per cent annual rise in rates of the yellow metal, according to industry players. Since Dhanteras -- the most auspicious day in the Hindu calendar for buying items ranging from precious metals to utensils -- is celebrated on two days till 1.11 pm on Wednesday, jewellers are expecting more footfalls in both online and offline stores.
Bollywood has a history of making heads turn -- theirs and everybody else's -- in shiny hair accessory.
Many of the world's oldest diamonds have an incredible and, at times, bloodstained history.
'Sanjay Roy is not alone.' 'If he's kept alive, maybe we will know what happened.' 'Why was he in the chest medicine department that night when he never went there earlier?' 'Nobody will parade in front of a CCTV camera and then go and murder someone.' 'There are several people who are involved in this heinous crime. They have to be identified and punished.'
The Enforcement Directorate on Wednesday said it has attached fresh assets worth Rs 29.75 crore of fugitive diamond trader Nirav Modi under the anti-money laundering law. A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to attach these assets that are in the form of bank deposits, land, and buildings, it said in a statement.
