Surat: Diamond industrialists have shown limited enthusiasm ahead of the proposed opening of offices at the Surat Diamond Bourse (SDB) from January 23, citing poor air connectivity and additional financial burden as key concerns. Despite repeated assurances prior to the inauguration, Surat Airport still lacks direct air connectivity with Mumbai, the country’s financial capital. Earlier projections had also included international flights from Surat to major global diamond and jewellery hubs su...Read More

Surat: India’s gem and jewellery exports rebounded sharply in November 2025 compared to the same month last year, with significant gains in cut and polished diamonds (CPD), gold, silver, and platinum jewellery. Industry sources noted that exports in November 2024 were lower due to Diwali holidays, when many manufacturing units were closed. The growth in November 2025 has been supported by strong Christmas demand from the US and China. However, cumulative growth for the April–November period ...Read More

Surat: Another industrialist in Surat has purchased a private plane. A four-seater aircraft worth around ₹11 crore has been bought by Hitesh Patel, son of Dharmanandan Diamonds’ owner Laljibhai Patel and Managing Director of the company. The three-year-old DA-42 four-seater plane was purchased during the recently concluded Navratri. DeshGujaratRead More

Surat: A major diamond heist has shaken India's diamond hub after thieves broke into a polishing unit in Kapodra during the festive holidays, escaping with diamonds worth over ₹25 crore, cash, and CCTV-DVRs. Exploiting a three-day shutdown, the gang targeted the fourth-floor factory in Kapoorwadi. They first disabled the fire alarm, broke open the only wooden entry door, and slipped inside. The absence of cameras on that floor aided their plan. Once in, they dismantled a glass partition, cut ...Read More