The rough diamond of 236 carats was found at the jwaneng mine in Botswana and took 21 months to polish.
A quick computation puts the following value to the seizures.
Fugitive diamond merchant Nirav Modi, wanted in India in connection with the estimated $2-billion Punjab National Bank (PNB) scam case, was on Tuesday further remanded in custody until January 7 by a UK court hearing his extradition case. The 49-year-old businessman, who has been behind bars at Wandsworth Prison in south-west London since his arrest last year following India's extradition request for him, appeared via videolink for a routine 28-day remand hearing on Tuesday before Westminster Magistrates' Court in London. The final hearings in the extradition case are scheduled over two days, on January 7 and 8 next year, when District Judge Samuel Goozee is scheduled to hear closing arguments from both sides before he hands down his judgment a few weeks later.
Just how do film folk spend their Sundays? We tell you.
Priyanka Chopra showed up at the Grammy Awards in a plunging fringed gown that will make your jaws drop.
The main export sectors including engineering, petroleum products and gems and jewellery have recorded negative growth.
Indians supposedly have the right to freedom, and the right to equality, which cuts across gender, religion, sexual orientation, etc, observes Devangshu Datta.
India's gems and jewellery exports grew by 16 per cent at $28 billion last fiscal due to revival in demand in major markets as well as recycling of used diamonds, a top industry official said.
The settlement offer has been made for 13 out of the 15 Videocon group companies that are currently under Corporate Insolvency Resolution Process.
Some jewellers kept their shops shut in Mumbai as well.
Last fiscal, diamonds worth about $900 billion were sold globally of which those worth about $20 billion came back to India for recycling.
'The source of our music, the very notes of music itself have fallen silent.'
In spite of an overall healthy rise in exports, there are many traditional sectors which used to be the mainstay of India's exports in the past, but are now suffering from significant weaknesses, says A K Bhattacharya.
Round-tipping creates the opportunity for exporters to source funds at a much cheaper cost, which they divert to some other business.
As she turns 70 on September 18, Subhash K Jha picks five classic Shabana performances which you may have missed.
Indian films, and Raj Kapoor in particular, have a special place in Iranian cinephilia or cinemadoosti, Ranjita Ganesan discovers on a visit to Iran.
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.
So far, rough diamonds mined from the Panna mines in Madhya Pradesh were auctioned online but displayed only at Panna.
PM Modi will arrive at 12.30 pm at the Ram Janmbhoomi and take part in various prayers including the main 'bhoomi pujan'. Govind Giriji Maharaj, treasurer of Shri Ram Janmbhoomi Teerth Kshetra Trust, said that the religious ceremonies will begin from 8.30 am in the morning and will continue till 12.30 pm.
'I was shocked by the kidnapping episode. I could have lost my life.'
Readers share their best Ganpati pictures and memories.
There is a two-minute footage about Choksi in the series which allegedly shows him in a bad light and therefore, could affect the various proceedings against him in India.
Despite the 6-month high, trade deficit has widened to a four-month high of $14.62 billion, as imports rose by 14.85 per cent during the month, reports Subhayan Chakraborty.
From Neeraj Chopra to Harbhajan Singh to Saina Mirza, India's top sportsperson mourned the passing away of one of the country's biggest sporting icons.
Since he lives locally, Harish Patel is one of the luckier migrant workers in Surat - in that his employer was able to squeeze in a single shift for him at the weaving unit in Kamrej in Gujarat - unlike others who went home for Holi and other festivals just as the second wave of the Covid-19 pandemic was waxing and ended up stranded in local lockdowns.
The Hate Story 4 actor walked for Vikram Phadnis' bridal show.
Mee Raqsam is an ode to fathers who guide their children to the path where dreams come true, notes Sukanya Verma.
It was unclear how bankers were deciding which jewellers to support
We'd asked you, dear readers to tell us what is the one life lesson you would want to share.
Subhash K Jha is not recommending Pakeezah and Umrao Jaan. They are beyond recommendation, he says.
Most consumers are going for token buying of lesser value and are waiting for price correction for purchase of wedding jewellery.
Bollywood pays homage to one of India's finest actors.
Nirav Modi, wanted in connection with the estimated $2-billion Punjab National Bank (PNB) scam case, was further remanded in custody on Tuesday by a court in London hearing India's extradition request for the diamond merchant. The 49-year-old appeared on Tuesday via videolink from Wandsworth Prison in south-west London, dressed in a maroon sweater and sporting a full beard, for his regular 28-day "call-over hearing" at Westminster Magistrates' Court, where Chief Magistrate Emma Arbuthnot extended his remand for another 28 days until December 29.
The National Mineral Development Corporation (NMDC) has unearthed a precious 37.68 carat diamond, the biggest so far, from its Madhya Pradesh-based Panna mines.
'After Aly comes out, we will have to get our families together and think about the future.'
Import growth moderated to a four-month low, owing to sharp decline in that of gold.
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.
The Ayodhya district administration has told news channels that litigants in the Ayodhya land dispute case should not be part of any discussions that they broadcast from the temple town during the 'Bhumi Pujan' for the Ram temple on August 5. In an advisory, it also said that if channels are broadcasting a debate or programme from Ayodhya in Uttar Pradesh during the ground-breaking ceremony, there should be no comments against any person or religion.
Anurag Kashyap's classic Black Friday is a must watch film.
Providing relief to the economy from widening trade deficit on account of gold imports, the inward shipments of the metal slumped in December to 39 tonnes, Commerce Secretary Rajeev Kher said on Wednesday.
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