Surat: Export of Gems and Jewellery from the Special Economic Zone in Surat was down by Rs. 12,765 crore in financial year 2023-2024 compared to 2022-2023 due to slow down in China, America and European countries. Export of Diamond Gems and Jewelery from Surat SEZ was Rs. 16,000 crore plus in 2020-21, Rs. 20,000 crore plut in 2021-22, Rs. 26,500 crore plus i 2022-23 and Rs. 13,700 crore plus in 2023-24. The export of Diamonds, Gems and Jewellery is likely to go further down in 2024-25. Des...Read More

Amreli: Diamond units in Amreli district have declared Diwali vacation from 26 October for a one-month period. Due to the slowdown pertaining to the Israel War, around one-third of the total 960 units are already non-functional, while the other units are working for limited hours. While the vacation will start on October 26th, the date of reopening is not declared by diamond units. Amreli district has over 402,000 workers employed in diamond units. DeshGujaratRead More

Surat: A major diamond firm Kiran Gems has decalred 10-day vacation due to overall situation in diamond market. It is for the first time that Kiran Gems has declared such vacation. It's very indicative for overall diamond market which is facing the heat of global situation. Some small diamond units that lack holding capacity have shut down one-by-one since March this year. Some diamond units have been declaring three days holidays while some have reduced the hours of working. Kiran Gems ...Read More

Surat: The Prime Minister, Shri Narendra Modi inaugurated the Surat Diamond Bourse today in Surat, Gujarat. Before the program, the Prime Minister also visited Panchtatva Garden, viewed the Green Building of Surat Diamond Bourse & SPINE-4, and signed the visitor booklet. Earlier in the day, the Prime Minister had also inaugurated the new terminal building at Surat Airport. Addressing the gathering, the Prime Minister remarked that a new diamond has been added to the magnificence of Surat ci...Read More

Surat: Ministry of Finance, Government of India has approved custom clearance facility at upcoming Surat Diamond Bourse (SDB) which is going to be inaugurated by Prime Minister Narendrabhai Modi in December this year. The Finance ministry has issued a gazzet notification in this regard. According to SDB's Mathurbhai Savani, the diamond industry will be able to import rough material through custom clearance system of bourse and export diamonds and other items from within bourse. Finance Mi...Read More

Surat: The world's largest bourse will start functioning from 21st of November this year at Khajod in Surat. Total 350 companies are prepared to start diamond trade fro this bourse from 21st November. In addition to the companies that committed to start trading from this bourse earlier, additional 160 companies have agreed to start diamond trade from Khajod based bourse. According to Dinesh Navadia, more companies are likely to send agreement letters to start their trade from Surat bourse. ...Read More

Surat: During the meeting at the White House in Washington, DC, Prime Minister Narendra Modi presented several gifts to President Joe Biden and First Lady Jill Biden. Among these gifts was the Green Diamond, produced by the Surat-based diamond company Green Lab, which was specifically presented to Dr. Jill Biden, the First Lady of the USA. The lab-grown 7.5-carat green diamond gifted by PM Modi to Jill Biden reflects the chemical and optical properties of earth-mined diamonds. It is worth not...Read More