Elevated gold prices have led Indian investors to eye diamonds and platinum as a lucrative investment opportunity.
The auditors have discovered lack of confirmation of balances from 14 overseas buyers as claimed by Winsome Diamonds.
Hint: She's closely related to the bride, Radhika Merchant.
A look at the life of diamonds, from their rough beginnings in the mines to their polished finish in jewelry stores.
Diamonds offer higher returns in terms of investment compared to gold contrary to general perception, GIA said.
The slowdown in demand from the US and Europe has not impacted the diamond trade in Surat, Asia's largest diamond polishing hub, thanks to the diversified export market. This was not the case till recently.
Earth's hardest naturally occurring material can evaporate when exposed to intense ultraviolet rays, a new study reveals.
Surat Diamond Association, the apex body of diamond industry in Ahmedabad, has said there should be a special force for the security of diamond industry in the wake of serial blasts in Mumbai.
The AFI chief also feels Olympic gold medallist Neeraj Chopra's propensity to live in the moment and the remarkable consistency in his throws make him stand out among some of the best javelin exponents in the world.
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.
Prime Minister Narendra Modi met with the Indian contingent which returned from the Paris Olympics with six medals.
The US Commodity Futures Trading Commission is considering a proposal from the Rapaport Group to start the world's first diamond-futures contracts.
From the Sensex pack, Adani Ports & Special Economic Zones, Mahindra & Mahindra, Reliance Industries, HDFC Bank, Larsen & Toubro, NTPC, State Bank of India, UltraTech Cement and Kotak Mahindra Bank were the major gainers. In contrast, Tata Steel, Titan, Bajaj Finserv, JSW Steel, Bajaj Finance, Hindustan Unilever, ITC, Tata Motors and Tata Consultancy Services were among the laggards.
India's exporters may be hard hit by the appreciation of rupee against dollar. But the rising value of rupee has cheered the diamond industry in the country.
Gold imports more than doubled in August to a record high of $10.06 billion, mainly on account of a drastic cut in customs duty and ongoing festive demand, according to the Commerce Ministry data. Gold imports stood at $4.93 billion in August 2023. On record high imports, Commerce Secretary Sunil Barthwal said that the tariff rates on gold have been reduced drastically so that smuggling and other activities can come down.
The Bollywood Hungama OTT India Fest and India Entertainment Awards saw many winners, and the stars celebrate their wins on social media.
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.
The Dil Dosti Dilemma actor is a style pari who will win you over with her cute girl fashion.
Revival hopes of the diamond industry have been dashed as gems and jewellery manufacturers feel that little help has been provided to them in the Interim Budget for 2009-10.
The Israel-Hamas conflict is expected to impact the trade of gems and jewellery between India and Israel, exporters said on Monday. Colin Shah, MD, Kama Jewelry, said the war can "adversely" impact Indian exports to Israel. Total gems and jewellery trade between India and Israel stood at $2.04 billion in 2022-23 as against $2.8 billion in 2021-22.
Readers share their best #India-Photos.
The rough diamond of 236 carats was found at the jwaneng mine in Botswana and took 21 months to polish.
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.
His unwavering consistency and relentless pursuit of gold set an unparalleled example in the realm of athletics.
Surat is home to more than 3,000 large and small polishing companies.
Since most banks have tightened lending to diamond merchants and others are about to do so, many medium and small diamond dealers are approaching large players for credit facility within the industry
We present here a list of 10 richest diamond mines in the world
We present here some stunning photographs of diamonds.
Heera Nawaz, 59 from Bengaluru, Karnataka writes about her late father Mohammed Khader Nawaz.
Aanchal Singgh, who plays a villain in Netflix's Yeh Kaali Kaali Ankhein, has got an eye for uber-cool streetwear and city-girl-chic.
Diamond exporters are considering stopping the import of rough diamonds.
Talk about high-octane dressing!
In a well-planned operation, Chinese customs investigated the Rs 1000 crore-plus illegal diamond market being run by Indians, mostly Gujaratis. More than 50 people have come under the Customs net and according to sources in diamond market in Surat, some 33 merchants belongs to firms having headquarters in Surat and Mumbai.
The new bride's exquisite outfit was the result of a collaboration between Designers Abu Jani Sandeep Khosla and contemporary Indian Artist and Sculptor Jayasri Burman.
Aditi shares beautiful pictures with her fiance from their Tuscany vacation.
Amelie Mauresmo beat Kim Clijsters 6-4, 7-6 in the Diamond Games final on Sunday.
The who's who of Bollywood made sure to attend Sanjay Leela Bhansali's magnum opus Web series, Heeramandi: The Diamond Bazaar.
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.
A consensus builder, Jaitley was regarded by some as Modi's original 'Chanakya'.
