The diamond industry found nothing to cheer about in the Union Budget for 2009-10 presented by Finance Minister Pranab Mukherjee. Industry players in Surat - the diamond capital of India - described the Budget as "disappointing", since the beleaguered industry was expecting a special package to counter the recession.
Diamond industry has become a global community of producers, cutters, polishers, retailers and regulators, Dubai Multi Commodities Centre executive chairman Ahmed Bin Sulayem has said.
Once bitten, twice shy, the laid-off workers, many of whom had switched to sectors like textile and agriculture, are apprehensive about returning to diamond processing. Before Diwali last year, there were about 3,000 diamond cutting and polishing units with a 600,000-strong workforce.
From Kohinoor to modern day fancy stones, diamonds have caught the imagination of old and young
We are aggressively building our diamond business. In this respect, from the budget we are looking forward to the Presumptive tax which will help the Indian diamond industry to compete with Antwerp and Tel Aviv as a premier diamond trading hub.
The export-dependent diamond processing industry, 80 per cent of whose earnings come from the US, is one among the sectors most vulnerable to the rising rupee.
Olympic champion Mutaz Barshim of Qatar cleared 2.35 metres to win the men's high jump to earn a bit of redemption after his disappointing bronze in Budapest.
A sightholder is a company on the Diamond Trading Company's list of authorised bulk purchasers of rough diamonds.
The 25-year-old Chopra rose to world number two on August 30 last year but was stuck behind Peters since then.
'When it was confirmed that I would do the song, Manishaji walked up to me and asked, "Please Vijayshree, tell me how are you planning to do the song. Give me a rough idea so that I am mentally prepared".'
Gitanjali Group on Friday launched Diamond Price Index and Online Diamond Store ezeediamonds.com, to promote diamonds as an investment option.
Bollywood loves number games. And not just the rat race kind. There's a slew of movies with numbers in their title.
Government will start to auction the rights to up to 70 diamond and gold exploration zones to mining companies this year
Diamonds are spreading its sparkle all over India. Proof for it is visible in Kolkata, which has already outshined the traditional markets of Mumbai, Delhi and Chennai in terms of growth in sale of diamond jewellery.
Standard Chartered said it will stop providing financing to parts of the diamond and jewellery industries as part of a review of its exposure to risky sectors.
Just in case anybody's forgotten how gorgeous Sonakshi Sinha can look, the actor sends a timely reminder.
Modi, 48, is currently living in a three-bedroom flat occupying half of a floor of the landmark Centre Point tower block, where rent is estimated to cost 17,000 (Rs 15 lakh) a month, The Telegraph reported.
The 19-year-old Indian junior world record holder did not attempt his fifth and final throws due to the injury and his first round effort of 83.80m fetched him a seventh place finish in a strong eight-man field in Zurich on Thursday.
'When you walk on to a Sanjay Leela Bhansali set, it is complete surrender. You have to become a sponge.'
Though retailers are trying not to pass on the price increase to consumers by cutting their margins, according to industry experts, the price rise has also reinstated the investment value proposition of diamonds.
The diamonds, one a white 47 carat and the other a 15.74 blue diamond, were on display at a stall put up by Swiss jewelry label Chopard in the underground shopping arcade at the Louvre, outside the museum's art galleries.
'You don't have to be screaming and making faces to be evil.'
When the salesperson starts explaining the 4Cs -- cut, clarity, carat and colour -- this alluring piece of stone becomes even more enchanting.
Hundreds of diamond cutting, polishing units and textile factories in Surat, considered the diamond hub of India, have been closed for the past three days due to flooding in the city, resulting in losses worth crores of rupees.
Chopra's world-leading throw of 88.67m in his first attempt was never surpassed.
Let's take a look at six diamond kings of India who have captured the hearts and wallets of customers around the world.
'Irrespective of the price movement of gold, customers can lock in their purchase at Rs 28,000 per 10 grams of pure gold.'
'Before every scene, Sanjay Leela Bhansali would play two or three songs over and over again, especially when Sharmin and I would shoot, because it invoked his emotion. One of the songs was from The Last Samurai. Everything is in rhythm for him. If he doesn't have that rhythm in place, then something is off.'
Diamond Polishers' Association (DPA), a representative body of diamond workers in the industry in Gujarat has demanded a hike in wages to the tune of about 35 per cent.
A World Championships gold is the only medal missing in Neeraj Chopra's decorated cabinet and the superstar Indian javelin thrower will fancy his chances.
As part of this, the state government is planning to engage global diamond mining company De Beers for undertaking a detailed survey of the diamond reserves in Nuapada.
If things go according to the plans of the Indian government, Mumbai may rob Belgium's Antwerp, currently the world's top diamond destination, of its priced position.
There are images throughout the film that portray the transformation a character goes through very well without being preachy or pedantic.
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.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances