News for '-pravin-nanavati'

Iraq war, SARS hit Indian diamond exports

Processed diamond exports from India, which meets nearly 80 per cent of global demand, have been hit by the Iraq war and a deadly flu-like virus in South East Asia, industry officials said.

Diamonds lose glitter

Surat's diamond trade may take Rs 8000cr hit from coronavirus

The Surat diamond industry is likely to face a loss of around Rs 8,000 crores in next two months as Hong Kong, which is a major export destination, has declared a state of emergency due to the coronavirus outbreak in China, say experts. Hong Kong is a major business hub for the Surat diamond industry, but schools and colleges have been closed there till the first week of March and even businesses are seeing a dip in view of the outbreak of the novel coronavirus.

Diamond sector fears default on import payments

While gem and jewellery exports have slowed in recent months, the escalating dollar value has put diamantaires in a problem on payments against import of rough diamonds.

Shortage of gold hits diamond and jewellery units

Govt restrictions on import biting deep; trade petitions for relief with units, workers idling.