Global jewellery major Tiffany is exploring the possibilities of setting up a processing unit for diamonds in India.\n\n
Driven by smartphone, electronics exports have reached $22.5 billion in value in the first eight months of the current financial year (FY25), a near 28 per cent growth over the $17.66 billion electronics exports during the corresponding period of FY24.
The trade war between the US and China is expected to benefit Indian exporters in increasing their shipments to the American market, sources said. They said the country was the fourth-largest gainer when the US imposed higher duties on Chinese goods during US President Donald Trump's first tenure.
Mayank Yadav is set to walk into the IPL 'Million Dollar Club' after making his international debut in the first T20 International against Bangladesh.
Shelly-Ann Fraser-Pryce stormed to victory in the women's 100 metres at the Diamond League final in Zurich on Thursday to claim her fifth win in the season-ending event and American Trayvon Bromell triumphed in the men's race.
Neeraj Chopra is set to switch his training base from Turkey to Finland which will host the Paavo Nurmi Games
Diamond industry expects revenues to drop by 20-25% in the current financial year.
'We did not know we would one day dominate nearly 70 per cent of the market.' 'Today, of 100 diamonds available for trade in Antwerp, 93 are cut and polished in India.' A fascinating excerpt from Shantanu Guha Ray's The Diamond Trail: How India Rose To Global Domination.
'We need to see how quickly the industry comes out of the impact of the note ban.'
'K Asifsaab was very definite that 'woh Hindustan ka honewala Badshah hai -- woh gana nahin gayega.'
De Beers started a grading and inscription facility at Surat in Gujarat.
Rise of Suryavanshi: Facing 600 balls-a-day from age of 10 to playing 150km throwdowns
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.
This could change the way diamonds are traded.
Indian diamantaires are looking to go slow on rough diamond purchase during the remaining quarters of the current financial year, thanks to weak global sentiment.
Though exports to Hong Kong, a major destination for India's polished diamonds, have resumed, the industry is currently sitting on an inventory worth around $2.3 billion.
The escalation of conflict in the West Asian region is expected to push already high logistics costs besides hurting trade in sectors such as oil, electronics and agriculture, according to exporters. They said that insurance costs for exports to the countries directly involved in the war could also go up, which will impact Indian exporters' working capital. Think tank Global Trade Research Initiative (GTRI) stated that the conflict is already hurting India's trade with countries like Israel, Jordan, and Lebanon.
Nag Ashwin's Kalki 2898 AD! Sanjay Leela Bhansali's Heeramandi is number one on OTT.
Pink diamonds cost at least 20 times more than processed white diamonds and only 40 to 60 pieces are available worldwide, with each stone weighing 40 to 60 carat.
Despite various challenges, the past year was a good one, says Bruce Cleaver, chief executive officer of the De Beers Group, the global corporation that has been the leading one in all aspects of the diamond trade for over a century.
'The primary set took over three months to build with 14,000-15,000 workers employed at a time.'
'We ensured that Mallikajaan's Shahi Mahal lived up to its name.' 'One zardosi panel cost around Rs 4 lakh; the one with the kalpavriksh was around Rs 5 lakh.'
The Surat-based Indian Diamond Institute has taken the initiative to start the online service for verifying the diamond grading documents.
India's Avinash Sable finished a creditable fifth at the prestigious Diamond League Meet in Rabat, Morocco, shattering his own 3000m steeplechase national record for the eighth time.
Harshit Bansal, founder of Renani Jewels in Meerut, India, has broken the dazzling Guinness World Records title for the most diamonds set in one ring -- 12,638.
He said Gujarat wants to move forward but is unable to see the way ahead, and the Congress is unable to show it the way.
India is one of the five countries where instances have been found that trade accounts of diamond business are being used to launder illegal funds to the tune of millions of dollars, according to a report by a global financial crimes combating body.
The Congress on Monday claimed that the Tata-Airbus C-295 aircraft facility inaugurated in Vadodara was earlier supposed to be set up in Nagpur and alleged that under Prime Minister Narendra Modi's instructions, the Centre and the Mahayuti dispensation have conspired to ensure the 'wholesale surrender' of Maharashtra's interests.
Narayanan has a long and distinguished career at ISRO, having played a key role in several important missions, including Chandrayaan-2 and 3, and the Gaganyaan programme.
The Budget has given signals that India is sensitive to the US needs and willing to walk the extra mile, but if need be, we should respond in equal measure as a sovereign nation, notes Ajay Srivastava.
Manipur Chief Minister N Biren Singh has called for dialogue to resolve all misunderstandings in the state and stressed the importance of all recognised tribes living together. He made the appeal at the 53rd Statehood Day celebrations, urging everyone to focus on building a prosperous Manipur. Singh also highlighted the state government's efforts in combating drug abuse, noting that over Rs 70,000 to 80,000 crore worth of illegal drugs have been destroyed in the past few years.
Any reduction in the customs duty on smartphone parts in the forthcoming budget will harm India's developing component ecosystem, discourage investment, increase imports, and make local firms uncompetitive, potentially resulting in job losses, think tank GTRI said on Tuesday. India's smartphone industry is a 'Make in India' success story, with 2023-24 production reaching $49.2 billion and exports at $15.6 billion, making smartphones the fourth-largest export after diesel, aviation fuel, and polished diamonds.
It is the diamond in Africa and Russia that is dazzling India these days. India is planning joint ventures with diamond mining companies across Russia, Africa and the CIS nations.
Billionaire Gautam Adani's younger son Jeet will wed next month in a simple and traditional ceremony, without any pomp and show and celebrity stars. Adani, on Mahakumbh pilgrimage with his family, scorched speculations of a star-studded wedding of his son Jeet with Diva Shah, daughter of Surat diamond merchant Jaimin Shah. "It will be a very simple, traditional marriage... just like common people," he told reporters in Prayagraj.
A recent KPMG report predicted that by 2015, China's share of the global processing business would be 21.3 per cent to India's 49 per cent.
Manu Bhaker penned a message of support for fellow double Olympic medallist Neeraj Chopra after he revealed that he competed in the Diamond League season finale with an injury.
Government will start to auction the rights to up to 70 diamond and gold exploration zones to mining companies this year
'We don't trade with any business where we have specific concerns,' a De Beers spokesperson said.
The hugely successful partnership between star Indian javelin thrower Neeraj Chopra and his long-time coach Klaus Bartonietz of Germany is set to end after five years of working together.
Rajesh Bhayani examines what SEBI's approval of diamond futures trading means for the diamond market players.
