Surat: India’s gems and jewellery trade witnessed mixed trends up to September 2025, shaped by contrasting global and domestic factors. Despite the impact of U.S. tariffs, exports of cut and polished diamonds remained robust, while rising gold and silver prices kept profit margins for diamond and jewellery companies thin. Ahead of the festive season, gold and silver imports saw a notable surge. In September 2025, exports of natural cut and polished diamonds rose to USD 1.36 billion, up from U...Read More

Ahmedabad: The Directorate of Revenue Intelligence (DRI) has nabbed one Navneet Jagdishbhai Makwana at SVPI Airport here for attempting to smuggle two packets of diamonds worth ₹3.53 crore, concealed in his rectum. Makwana, who was unemployed and seeking work, was allegedly approached by a Surat-based diamond merchant named Ashok. The merchant offered him ₹20,000 in cash along with a return ticket in exchange for smuggling diamonds from Vietnam. As per the details, DRI officials grew sus...Read More