Articles tagged under: Diamond industry

PM Narendrabhai Modi inaugurates Surat Diamond Bourse

December 17, 2023
PM Narendrabhai Modi inaugurates Surat Diamond Bourse

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

Early Diwali vacation in small and medium scale diamond units in Surat

October 30, 2023

Surat: Ahead of scheduled vacation from 9th November, as many as 800 small and medium scale units of diamonds in Surat have declared Diwali vacation from 29 October itself. Some diamond units have put up notices that while Diwali vacation starts from 29 October, the date of reopening after vacation is yet not fixed and the artisans shall be conveyed the reopening date over phone calls. In a two-page letter jointly written by Gems & Jewelry Export Promotion Council's chairman Vipul Shah, Sura...Read More

Centre approves Customs clearance facility at Surat Diamond Bourse

October 11, 2023
Centre approves Customs clearance facility at Surat Diamond Bourse

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

Over 350 diamond firms to start trading at Surat Diamond Bourse from 21st November this year

July 15, 2023
Over 350 diamond firms to start trading at Surat Diamond Bourse from 21st November this year

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

PM Modi gifts Surat-made lab-grown Diamond to First Lady Jill Biden

June 22, 2023
PM Modi gifts Surat-made lab-grown Diamond to First Lady Jill Biden

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

Sparkle 2022 to take place in Surat during 16 to 18 December

December 15, 2022
Sparkle 2022 to take place in Surat during 16 to 18 December

Surat: The Southern Gujarat Chamber of Commerce & Industry and Southern Gujarat Chamber Trade and Industry Development Center have organised 'Sparkle International Gems & Jewellery Exhibition- 2022' at Pandit Dindayal Upadhyay Indoor Stadium, Athwalines Surat on 16th, 17th and 18th December 2022. Over 30 jewellery brands from across India will participate in it. The exhibition is organised on a B2C basis. The special artisans and jewellery designers havae been designing the jewellery to be ...Read More

Surat Diamond Bourse gets Building Use Certificate

November 17, 2022

Surat: Surat DREAM City Authority has been given a Building Usage Certificate (BUC) for all 9 buildings of Surat diamond bourse. Surat Diamond Bourse committee chairman Vallabhbhai S Patel stated in a letter to the members that the Surat diamond bourse construction has been fully completed. The government has allotted BUC to it on 7th November 2022. The works of construction of offices are 100 percent completed. The work of furniture for 500 offices is ongoing. Those who are allotted 500 oth...Read More

Big relief for Surat’s diamond industry importing rough from Russia as RBI allows payment in Indian Rupees

July 13, 2022
Big relief for Surat’s diamond industry importing rough from Russia as RBI allows payment in Indian Rupees

Surat: The diamond industry of Surat is one of the biggest beneficiaries of the Reserve Bank of India’s decision to allow export and import trade to be carried out in Indian currency instead of foreign exchange. The diamond industry of Surat will now be able to pay in Indian rupees for the rough diamonds it imports from Russia. The diamond industry of Surat imports rough diamonds mostly from Russia, payment for which is made through the importer’s bank in India using the services of a med...Read More

Surat lab develops world’s biggest 30-carat lab-grown diamond

June 11, 2022
Surat lab develops world’s biggest 30-carat lab-grown diamond

Surat: The International Gemological Institute has certified a 30.18-carat lab-grown diamond developed by Carp Impex Lab of Surat as the world’s biggest lab-grown diamond. Hitherto, a 14-carat lab-grown diamond developed by the same laboratory in 2021 held the status of the world’s biggest lab-grown diamond. The biggest lab-grown diamond has been obtained by the chemical vapour deposition process, and it has H colour and VS2 clarity. The diamond took 28 days to be grown in the labor...Read More

Copyright case: Machine manufacturers and diamond factory owners to collectively fight legal battle

May 31, 2022
Copyright case: Machine manufacturers and diamond factory owners to collectively fight legal battle

Surat: A meeting of representatives of diamond manufacturers and polishing machinery manufacturers was organized in the city on Monday by the Surat Diamond Machinery and Technology Association to discuss the issue of a copyright case an Israeli company has filed against four-diamond manufacturing companies and about 200 diamond factory owners. The meeting ended with a declaration to begin breaking the Israeli company’s monopoly from Surat. The delegates at the meeting came with posters and ...Read More