Trade has grown steadily since 2004, before flattening out in the past couple of years.
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 Indian captain described De Villiers, who was criticised for picking and choosing international assignments after announcing his retirement last year, as the "most honest and committed" person.
Three gem pits at the mine in Mongshu collapsed on July 3, trapping miners and destroying several buildings, gem industry sources said. Northern Myanmar is a world-famous gem-producing region, most notably for rubies.
India's exports increased 3.79 per cent to $26.75 billion in January, helping the trade deficit to narrow to $9.92 billion.
Amitabh Bachchan launched Dr Jaishree Sharad's second book in Mumbai.
In September last year, the exports stood at $3.5 billion, according to the Gems and Jewellery Export Promotion Council.
A UK judge presiding over the extradition proceedings of Nirav Modi on Tuesday ruled that the evidence submitted by the Indian authorities to establish a prima facie case of fraud and money laundering against the fugitive diamantaire is broadly admissible. District Judge Samuel Goozee heard the arguments for and against the admissibility of certain witness statements provided by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) at Westminster Magistrates' Court in London and concluded that he considered himself "bound" by the previous UK court rulings in the extradition case of former Kingfisher Airlines chief Vijay Mallya. He then adjourned the case for a two-day hearing on January 7 and 8 next year, when he will hear the final submissions in the case before he hands down his judgment a few weeks later.
India's fascinating success story in the gems and jewellery industry continues to glitter. In the last few years, there has been a massive growth in the purchasing parity of the middle class and surging income levels in India.
The 49-year-old jeweller, fighting extradition in the estimated $2-billion Punjab National Bank (PNB) scam case, will appear via videolink from Wandsworth Prison in south-west London for the latest hearing in the case, during which District Judge Samuel Goozee will hear his defence team's arguments against the admissibility of certain evidence provided by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) in order to establish a prima facie case against the accused.
The problem is actually acute in the diamond jewellery industry where there is no uniform criteria of inventory valuation unlike gold, whose prices are uniform and widely quoted.
On her 47th birthday on November 1, Sukanya Verma showcases 15 of her most memorable silver screen costumes.
'Today, saving lives needs to take precedence.'
Subhash K Jha picks his favourite five Sushant performances.
The actor had appeared in the a TV commercial for the brand along with Sidharth Malhotra.
A self-taught Indian scientist, who has produced the world's largest black pearl is looking to commercialise his pearl culture technique that has the potential to change the profile of the country's gem and jewellery exports in a single stroke.
The 49-year-old jeweller, who has been lodged at Wandsworth Prison in south-west London since his arrest in March last year, appeared via videolink for the remand hearing at Westminster Magistrates' Court in London.
All real estate developers may not be able to avail the benefit of Reserve Bank of India's one-time restructuring scheme as they might not meet the required financial ratios and have the necessary credit rating, HDFC vice chairman and CEO Keki Mistry said. He was speaking at a real estate and infrastructure investor summit organised by Naredco. "Restructuring may not necessarily help every developer because not too many will be able to meet the criteria laid down in terms of meeting the various ratios and getting credit ratings," Mistry said.
Gitanjali Gems plans to hive off various businesses.
India's exports fell for the fourth straight month in June as shipments of key segments like petroleum and textiles declined but the country's trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59 per cent.
20 Nadeem-Shravan film albums which emerged as chartbusters.
Every film that Sriram Raghavan makes is a compendium of ideas and sensations that tickle him. Trying to remake a Sriram Raghavan film is like getting excited by somebody else's goosebumps, observes Sreehari Nair.
Vihir is a balm for our troubled souls, says Aseem Chhabra. It is a like a book on life lessons -- joy, laughter and tragedy are all part of our existence.
In India, the gold prices might come down to Rs 18,500-19,000 per 10 grams level from the current Rs 20,500 per 10 grams level.
An 1109-carat uncut diamond, the largest to be discovered in over a century, is now set to be auctioned in a stand-alone sale in London.
'In our societal interest, all those measures, laws etc that are creating turmoil and turbulence should be immediately withdrawn, the government and all political leaders should win the trust of ordinary people and establish social harmony and peace that is so essential to progress and prosperity,' says the well-known Kannada poet Chennaveera Kanavi.
Precious ornaments are estimated to become 3% costlier under GST
The Reserve Bank of India also banned with immediate effect issuance of letters of comfort which, like LoUs, are used by importers to fund their overseas purchases.
The Enforcement Directorate on Wednesday continued raids for the seventh day as it visited 17 locations across the country, including four shell companies in Mumbai, even as the Income Tax department attached assets worth Rs 145 crore in the alleged Rs 11,400-crore Punjab National Bank fraud.
'In the week before I got evicted, Eijaz and I became really close.' 'We did not leave each other even for a minute during the day.'
The banks also received a warning from the rating agency Care, in February 2016, after Firestar's financials deteriorated.
Exquisitely shot, with shadows and light capturing the hypnotic mood of the film, Jalsaghar is a viewing treat you owe yourself.
Pushpal Shinde now earns some Rs 50,000 a month.
Swarovski Gems held a bling-thing fashion show on August 19 to mark the launch of their new Zirconia: Pure Brilliance Cut crystals. Take a look.
Flavour of the season Rahul Tewatia didn't prove to be third time lucky in what turned out to be an incredible death overs performance by the Delhi Capitals pace attack in their 13-run victory against Rajasthan Royals in the IPL match, in Dubai, on Wednesday.
'I haven't experienced such a thing ever. It was beautiful.'
India on Friday said it would make imports of precious metals and stones easier in order to promote gems and jewellery exports.
The department for promotion of industry and internal trade (DPIIT) has suggested to the home ministry to allow limited activity in certain sectors such as heavy electricals and telecom equipment with reasonable safeguards. In a letter to Home Secretary Ajay Kumar Bhalla, the department said that these activities are essential to improve the economic situation and provide liquidity in the hands of the people.
'Nobody has Dhoni's record of championship in three formats.' 'Every cricketer, every Indian, will agree to that.'
In Maqbool, Vishal Bhardwaj did a Godfather; in that he took something that was pulpy and fast and gripping, and made out of it something timeless and grand, feels Sreehari Nair.
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