The common denominator: They were predominantly Gujarati, mostly male, and either related by blood or very well-known to Nirav.
With Indian jewellery market already on the robust recovery path, the jewellers are expecting strong Diwali sales in the Dhanteras as the festive mood remains high with low Covid third wave possibility and softer gold price this season. The industry expects the trends in 2021 will be able to reach pre-covid level sales of 2019 on the back of gold price hovering at Rs 46,000-47,000 per 22 carat 10 grams gold nearly 5 per cent lower than 2020, and jump in number of weddings, a senior official of an industry body said. "Since Navratri market is showing demand. It will continue on Dhanteras also.
The possibility of the slowdown affecting more players is greater if the industry doesn't get access to easier finance in the next six to eight months.
'The gold medal (in Tokyo) has motivated me in life to do even better. Performing well and ending up on podium will be my target in the World Championship (in July)'.
The diamond it was handed over to the United Kingdom under the 'Treaty of Lahore' in 1849.
District Judge Samuel Goozee expressed his concern at the late submission of the documents, said to include largely bank statements relating to the diamond merchant's companies, but has agreed to consider the application for their submission.
The government may tweak customs duties in the Budget next week on several goods, including furniture raw materials, copper scrap, certain chemicals, telecom equipment and rubber products, to promote domestic manufacturing and exports, sources said. They said that while import duties could be tweaked on over 20 products such as cut and polished diamonds, rubber goods, leather garments, telecom equipment and carpet, the customs duties could be removed on select raw materials (like wood in rough, swan wood and hard board) used for furniture manufacturing and copper concentrate.
After a successful two months since its Bangalore launch, De Beers, the world's premier diamond mining company, introduced its iconic jewellery brand, Forevermark, in Mumbai this Monday.
The industry alleges the government has been apathetic, despite their pleas for quick action. However, H2 may be different as The US-China trade war had opened a window for Indian exporters to ship more to America.
These beautiful photos of India will give you travel goals.
A great, new book suggests that history favours China's future over India's.
Maheep Kapoor shows her dazzling new collection that starts at Rs 1 crore at HDIL India Couture Week at Mumbai.
Cruise ship Diamond Princess, carrying 3,711 people, arrived at the Japanese coast early last week and was quarantined after a passenger who de-boarded last month in Hong Kong was found to be the carrier of the novel virus on the ship. Around 60 people tested positive of the virus on Monday, taking the total number of those infected on the ship to 130.
According to the City Competitiveness report by the Institute for Competitiveness, Delhi is the most competitive.
Last week, Dabur India Private Limited had withdrawn its Fem cream bleach advertisement, which showed same-sex couple celebrating Karva Chauth and watching each other through a sieve, after minister Mishra termed the ad as objectionable and warned that legal steps would be taken against it.
Finance Minister Nirmala Sitharaman presents her fourth Budget in Lok Sabha on Tuesday.
Javelin thrower Neeraj Chopra's coach Klaus Bartonietz says the Olympic champion has rectified most of the shortcomings in his technique and now the endeavour is to maintain technical "stability" to touch greater heights in the coming years.
The latest from the Priyanka Chopra-Nick Jonas love story.
Union Home Secretary Ajay Kumar Bhalla may have a video conference with West Bengal's Chief Secretary Alapan Bandyopadhyay and Director General of Police Virendra on Friday evening after they conveyed their inability to travel to the national capital, officials said.
Gold is usually seen as a safe-haven when stocks are falling or when inflation is rising. With prices of the yellow metal hovering near record highs, people are also putting off their jewellery purchases. Along with a subdued marriage season, the orders with price open and settled on delivery day, too, are getting cancelled. Apart from high, volatile prices, there is no gold rush yet for the safe-haven asset, crimping demand.
If not contained quickly, it will have a knock-on effect in the world economy and disrupt global supply chains, Crisil analysts warned.
The three officers -- Bholanath Pandey (SP, Diamond Harbour), Praveen Tripathi (DIG, Presidency Range) and Rajeev Mishra (ADG, South Bengal) -- were responsible for the security of the BJP chief during his December 9-10 visit to the politically volatile state.
'Rafales can play an important role in doing DEAD (Destruction of Enemy Air Defence) on the Surface-to-Air Missiles that the Chinese have put on Tibet'
Finance Minister Nirmala Sitharaman on Thursday said that fugitive businessmen Vijaya Mallya, Nirav Modi and Mehul Choksi are "coming back" to India" to face the law.
As the ownership of the rare diamond continues to exercise Indians, here are some interesting facts about it.
Chopra said he has missed the "natural feeling" of being in a world-class field, except for one occasion, in the run up to the Games which opens on July 23 -- that one time was the Kuortane Games event in Finland on June 26 where he won a bronze with a performance of 86.79m in a star-studded field comprising, among others, Olympics gold favourite German Johannes Vetter, who won the event with a massive throw of 93.59m.
'We are dealing with a size of the world that equaled England and France combined. We are talking about 250 years of history.' Sultans of Deccan India, 1500-1700: Opulence and Fantasy -- a first of its kind exhibition anywhere in the world -- opened at the Met, April 20. Aseem Chhabra spoke to Navina Haykel, the curator of the show.
No one knows where billionaire Nirav Modi emerged from. What is known is that when he came (back) to India, he cut his teeth in the diamond business under the tutelage of his jeweller uncle. Then he began to build a glittering international brand. Soon even Hollywood stars like Kate Winslet and Dakota Johnson were walking the red carpet showing off Nirav Modi jewels.
The Kohinoor diamond, estimated to cost over $200 million (Rs 1,465 crore), was neither stolen nor "forcibly" taken by British rulers but given to East India Company by erstwhile rulers of Punjab
The sector employs around 1 million skilled and unskilled workers directly and indirectly and decline in exports is a major worry for participants in the value chain.
'Does a thousand-year-old sculpture worshipped in a thriving religion belong to a foreign museum or the temple from which it was extracted?' Congress MP Shashi Tharoor asked angrily. 'They legitimately belonged to India and people of past, present and future generations are interested in re-possessing them,' a central information commissioner declared last month.
Tokyo Olympics javelin throw champion Neeraj Chopra has lined up the World Championships, Commonwealth Championships and Diamond League next year to achieve his goal.
In a major blow to Nirav Modi, a bankruptcy court in the US has rejected a petition of the fugitive diamond merchant and two of his associates, seeking dismissal of fraud allegations against them by the trustee of three companies they previously owned indirectly.
All the evacuees will undergo a 14-day quarantine at a medical facility.
The Indian High Commission in London on Thursday welcomed the Westminster Magistrates' Court ruling in the extradition case of diamond merchant Nirav Modi, wanted in India to stand trial on charges of fraud and money laundering related to the Punjab National Bank (PNB) letters of undertaking (LoUs) scam case. A senior diplomat at India House said the judgment, which found a prima facie case against the accused, paves the way for the government of India and the high commission officials to liaise with the UK authorities on the next stages of the procedural matters for his early extradition to India. "The judgment paves the way for the government of India, including the High Commission of India in London, to liaise with the UK authorities on the procedural matters," said the diplomat at the High Commission. "As with previous extradition cases, we will press on with the next steps," he said.
The Queen's coffin then lowered into the royal vault in preparation for her final resting place by the side of her late husband of 73 years, Prince Philip, in an enclave of the historic chapel on her south-east England estate of Windsor.
A book reveals that independent India's first scam may have taken place as early as 1947 the year our country won a freedom it had fought hard for.
The source said the thieves '100 per cent' planned the heist to coincide with the ball drop.
'The Chinese navy is large and expanding both in numbers and capability by the day.' 'India too must take measures to safeguard its own interests, now and in the future.'
Ganguly said he's definitely interested in the India coach's job but not at the moment as his plate is full.
