Articles tagged under: Diamonds

President Kovind sets aside tradition and attends Santokba Award function

May 30, 2018

Surat: President Ram Nath Kovind presented Santokba Awards to Nobel prize winner social worker Kailash Satyarthi and retired ISRO scientist A.S. Kiran Kumar. Speaking in the function, President Kovind said little bit deviated from the established tradition of Rashtrapati Bhavan to attend this function. There's a tradition that President would not go to award functions organized by private companies, the President said adding that,'when I looked at the list of awardees I thought I might choos...Read More

In videos: Two Patidar community events at same time, one for progress, another for politics

May 26, 2018

Gandhinagar: Presented above is live streaming of Global Patidar Business Organization(GPBO) event being held in Ahmedabad in presence of Gujarat Chief Minister, Deputy Chief Minister and leading Patidar community businessmen. The event is organized to inaugurate GPBO. Presented below is Patidar Nyay Mahapanchayat event being organized by Hardik Patel in presence of about dozen Congress MLAs at Malvan in Dhrangadhra taluka of Surendranagar district. Read More

If I had not come here today, I would have impression of Surat city as the one I saw twenty years ago: Ratan Tata

May 04, 2018
If I had not come here today, I would have impression of Surat city as the one I saw twenty years ago: Ratan Tata

Surat: If I had not come to Surat today, I would have same impression of Surat that I saw 20 years ago. The city has changed drastically in twenty years, said Ratan Tata who was on one-day visit to Surat. Tata specially choose to travel across the city sitting in Range Rover car. Though there were other cars offered to him such a Rolls-Royce, Ferrari and Jaguar, Tata choose Range Rover due to its height, as he wanted to see the city of Surat from inside the car. Tata visited Armenian...Read More

2,000 in Surat lose jobs due to Nirav Modi – Mehul Choksi fraud

March 04, 2018
2,000 in Surat lose jobs due to Nirav Modi – Mehul Choksi fraud

Surat: Around 2,000 persons are believed to have lost their jobs in scamsters Nirav Modi and Mehul Choksi's companies in Surat. Nirav Modi's five manufacturing units are seized along with one office in Belgium tower in Surat. Mehul Choksi's ten offices are sealed in Diamond Park. Six bank accounts of Nirav Modi and Mehul Choksi are freezed. Nirav Modi's manufacturing unit and registered office was located in Surat's Sachin based Special Economic Zone under the title of Firestar Diam...Read More

GJEPC welcomes reduction of GST rate on diamond and precious stones

January 19, 2018
GJEPC welcomes reduction of GST rate on diamond and precious stones

Surat/Mumbai: GJEPC on behalf of the Gems & Jewellery trade fraternity has welcomed the announcement made by GST Council regarding reduction of GST rate on Diamonds & Precious Stones from 3% to 0.25%. Pramod Agarwal, Chairman, Gems and Jewellery Export Promotion Council in a statement said: This move will certainly support the SMEs of the sector and small players including brokers, agents, and traders to function smoothly without blockage of working capital. Looking at the six million plus ...Read More

After textile traders, Diamond industry in Surat to observe bandh to protest GST structure tomorrow

June 16, 2017
After textile traders, Diamond industry in Surat to observe bandh to protest GST structure tomorrow

Surat: Close on heels of the bandh organized by textile traders here to protest against the tax structure in the Goods and Services (GST) tax regime, thousands associated with diamond cutting and polishing business in this city known as diamond city will also observe bandh tomorrow for similar reasons. The diamond industry is opposed to the multi level taxation under the regime to be implemented from July 1. The 5 percent slab for cutting and polishing business has especial...Read More

Diamond city Surat should now also become number one in gems and jewelry production/design: PM Modi

April 17, 2017

Surat: Prime Minster Narendra Modi today said that the diamond city of Surat should now also become 'number one' in the world in gems and jewelry production. Addressing the inaugural function of a diamond unit in Ichchhapur here today Modi said,' We have become diamond in diamond, now we should be number one in gems and jewelry as well.' 'But it should not be only a made in India jewelry business but it should be the one with design in India affair. So much has been do...Read More

Gujarat CM to commence works for Surat Diamond Bourse on October 23

October 19, 2016
Gujarat CM to commence works for Surat Diamond Bourse on October 23

Surat: Gujarat Chief Minister Vijay Rupani is likely to commence works for Surat Diamond Bourse on October 23 at Swarnabhoomi Party plot on Dumas road. The latest design of Diamond bourse which will be part of Diamond Research and Mercantile City Ltd(Dream City Ltd) is by Manit Rastogi supported by local architect Shyanil Patel. Structure design task will be with Achyut Vatve and Umesh Joshi. Mumbai baesd consultancy company's Jaspreet Singh will be head of PMC. Pradip Nadkarni and TM Mathe...Read More

GJEPC signs MOUs with De Beers, Guangzhou Diamond Exchange, GDGJE

August 04, 2016
GJEPC signs MOUs with De Beers, Guangzhou Diamond Exchange, GDGJE

Mumbai: Gem Jewellery Export Promotion Council today inked pacts with world's leading diamond firm, De Beers and two prominent gems exchanges from China for promotion of trade after launching the 33rd annual edition of India International Jewellery Show (IIJS) here. Both Guangzhou Diamond Exchange and Guangdong Gems and Jade Exchange (GDGJE) are two of the biggest gems and jade trading gateway in southern China. "GJEPC has signed an MoU with the world's leading diamond company, De Beers,...Read More

ED attaches Rs 172 crore assets from Gujarat based top loan defaulter firm

May 31, 2016

(in photo: Jatin Mehta, promoter of Winsom) Mumbai Enforcement Directorate(ED) today attached assets worth Rs 172 crore of a diamond firm in connection with its money laundering probe in a major bank default case involving Rs 6,800 crore. Sources in the central probe agency said the zonal office of the agency here issued orders for the seizure of both movable and immovable properties of the firm, identified as Winsome Diamonds and Jewellery Limited, under the provisions of the Prevent...Read More

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