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

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: The police nabbed 13 accused who allegedly looted diamonds worth crores of rupees from a bus going to Surat from Amreli. The accused burglars were travelling in the bus going to Surat from Amreli as passengers. Five cars overtook the bus late in the night near Ahmedabad. They stopped the bus and looted 1000 packets of diamonds. The packets are of various sizes. The market price of the diamonds is estimated to be in crores. The Ahmedabad and Anand police immediately surrounded and nabbed t...Read More