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

Surat: The diamond industry in Surat is witnessing a positive trend with a surge in exports in December. This has brought a sigh of relief to the industry players after a period of sluggishness. According to data released by the Gem & Jewellery Export Promotion Council (GJEPC), polished diamond exports in December reached Rs. 6,569.70 crore, compared to Rs. 5,622.11 crore in November. Similarly, lab-grown diamond exports also saw a significant increase, rising from Rs. 530.86 crore in Novembe...Read More

Surat: The Diwali vacation in diamond units in Surat has been extended for a week. The earlier date of reopening of diamond units was 17 November, which is also the date of reopening of schools after Diwali vacation. However, the diamond unit workers are informed through messages by several companies that the date of reopening is now shifted to 24 November. According to insiders, several units may extend this date further to 30th November. Every year, lakhs of diamond industry workers fr...Read More

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

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: Surat Airport based Custom staffers based on suspicion, stopped, checked and nabbed Katargam based diamond trader Sanjay Moradiya with Rs. 2.19 crore rough diamonds in his possesion. Export of rough diamonds attract five per cent duty. Moradiya was on way to United Arab Emirates (UAE) in Indigo flight. Air Intelligence team checked him and his luggage. A small packet of rough diamonds was recovered from his luggage during this check. A packet of diamond was kept along with food items ...Read More

Surat:Due to a lack of demand, lab-grown diamond companies are facing a recession. The incident at Bhanderi Diamond, which is in the business of lab-grown diamonds, is very indicative in this connection. On Tuesday, the workers of Bhanderi Diamond staged a protest outside the firm's premises and created a ruckus over unpaid salaries of the last three months. The company called the police, after which the situation was brought back under control. It's worth noting that due to reduced demand for l...Read More

Surat: Govindbhai Dholakiya has been unanimously selected as Chairman of Surat Diamond Bourse (SDB). With this the old committee of SDB will be replaced with a new body. Rs. 3700 crore SDB was earlier chaired by Kiran Gems owner Vallabh Lakhani. In a meeting of SDB's governing committee, it was decided to appoint Govindbhai Dholakiya of SRK diamonds as new Chairman of SDB. Govindbhai is also recently elected for six years as Rajya Sabha member of ruling Bharatiya Janata Party(BJP). DeshGujaratRead More

Surat: Kumbh Sthapan ceremony was performed today to mark auspicious beginning of Surat Diamond Bourse (SDB) today in festive and positive mood on Vijaya Dashami (Dussehra). Vijaya Dashami is considered and auspicious day to begin the works. Therefore this day was chosen to mark beginning of SDB, which is going to formally inaugurated by Prime Minister Narendrabhai Modi on December 17 this year. The Kumbh Sthapan was performed in presence of Lok Sabha member Darshanaben Jardosh. Around 1...Read More

Surat: Prime Minister Narendra Modi's birthday is on September 17th, and he will be turning 73 years old. BJP workers are making preparations to ensure that Narendra Modi's birthday celebrations are special. An architect from Surat has created a diamond portrait of PM Modi with the intention of gifting it to him on his birthday. This jewelled portrait is made up of 7200 diamonds. Surat-based architect Vipul JP Wala is the creator of this Diamond portrait of Prime Minister Narendra Modi. He to...Read More