Fifteen companies have launched their initial public offerings (IPOs) in December 2024, making it the best month for public offerings since 1996. Collectively, they have raised Rs 25,425 crore, which also made December the best month in terms of the quantum of funds raised. In December 1996, 33 companies had raised Rs 931 crore.
Prime Minister Narendra Modi, who is in the United States for a three-day state visit, has gifted an eco-friendly lab-grown 7.5 carat diamond, placed in Kashmir's exquisite Papier mache box, to First Lady Jill Biden.
Surat, which polishes almost more than 95 per cent of the world's diamonds, is poised to become the assorting and trading hub for the precious jewel stone in the next 3-4 years.
Launching an independent laboratory for testing and grading of gemstones in Surat, Roland Lorie, chief executive officer, IGI Worldwide said, "Since grading and certification of diamonds and other gemstones and jewelry was done in Mumbai, so far Surat was the diamond manufacturing hub of the country as well as the world while sorting and trading of diamonds took place in Mumbai.
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
There was a massive 24% decline in India's gems and jewelry exports to $2,321 million for September 2018 as against $3,053.38 million in the same period last year.
Lack of consumer confidence remains a key issue, but these brands are addressing the challenge in their own unique ways.
Opting for slightly lower scale in clarity, colour and carat weight can bring down the cost substantially.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances