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: A rare heart-shaped diamond weighing 10.08 carats, valued at Rs 4.55 crore, was stolen from a trader's office on June 24 and found 500 km away from Surat. The diamond was discovered hidden under an earthen stove (Chula) in the village of Sirhoi district, Rajasthan. The theft happened with Chirag Shah owner of Akshat Gems, when the main accused, Hitesh Purohit, swapped the diamond with a lab-grown one valued significantly less than the original on June 24. Mahidharpura police had for...Read More

Surat: A meeting of the management committee of the Surat Diamond Bourse (SDB) took place on Friday to discuss the opening of over 250 offices scheduled for July 7. Regarding this, 150 office owners have reportedly given their final confirmation about opening their offices in SDB. Lalji Patel, vice-president of the SDB committee, stated that the furniture and infrastructure for 250 offices are complete, and the committee is also following up with other office owners where furniture work is st...Read More

Surat: Three lab-grown diamonds worth Rs 44,400 were stolen from a Dholakia Technology office at the Gujarat Diamond Bourse. Hitesh Lashkari, the manager, reported the theft to Ichhapore police. The former worker responsible for the theft was apprehended with the help of CCTV footage and mobile surveillance. The former worker Jignesh Vasoya, who had left his job three months ago, utilised his familiarity with the premises to carry out the crime. The police traced him using mobile surveillance...Read More

Surat: The newly constituted committee of the Surat Diamond Bourse (SDB) organized a meeting with traders in the 60-year-old Mahidharpura market as part of its efforts to make the bourse operational. Lalji Patel, the vice-chairman of SDB, mentioned that they are encouraging traders from Mahidharpura and Mini Bazaar to join SDB so that a large number of offices can be set up. He also stated that the committee has conducted meetings in Mumbai as well. The SDB committee aims to initiate 400 o...Read More

Gandhinagar: The State Finance Minister Kanubhai Desai presented the state budget today, announcing significant initiatives to support the Surat Diamond Industry. Under the Industries and Mines department, a provision of ₹7 crore has been allocated for establishing a Center of Excellence to develop synthetic diamonds and provide facilities for Small and Medium Scale Industries. Given Surat's growing prominence as a major global hub for synthetic diamonds, the center is likely to be establis...Read More

Surat: The diamond market in Surat will observe leave on 22nd January to celebrate the inauguration of Ram Janmabhoomi Mandir in Ayodhya. Mahidharpura Safe Walt Association made this announcement. As the safe vault is going to shut, the diamond market will automatically remain shut as an impact. The textile market and diamond market have meanwhile made several arrangements to mark the 22nd of January. The roads connecting Varachha Minibajar-based Sardar Patel's statue to the Surat Diamond Associ...Read 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: Shree Ramkrishna Export Private Ltd, a leading diamond company in Surat, will install solar roofs on the houses of 750 martyrs, as part of the celebration of the 75th Independence day of India. The company will get details of the martyrs from related departments. They will install solar roofs on the houses of 750 martyrs. The company will spend Rs 7 to 8 crores for this purpose. Shreyansh Dholakia, stated on behalf of the company, that it will be a pleasure for all of them to help the...Read More

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