Articles tagged under: Diamond industry

SDB announces incentives for shifting diamond business from Mumbai to Surat

January 22, 2022
SDB announces incentives for shifting diamond business from Mumbai to Surat

Surat: Surat Diamond Bourse (SDB) will put up the names of the members shifting their business from Mumbai to Surat at the reception of the bourse for a lifetime under the list ‘Leading member of SDB that started diamond trading’, as per a decision made by the managing committee of SDB. Such members will not have to pay the maintenance charge for the first six months, as per a circular of SDB. The circular further states that such members can purchase diamonds from anywhere but cannot se...Read More

Bengal workers not returning; Surat Jewelers start free skill course for locals

January 03, 2022

Surat: Jewelry Manufacturers Association here has started the jewelry designing course for the youth at free cost, which usually requires a fee of around Rs 35000. There is a lack of skilled artisans in Surat and Rajkot as over 30 percent skilled artisans from West Bengal and Maharashtra didn’t return after the first and second wave of covid-19 pandemic. The course is for the youth who have completed regular studies. The course is started after the order from the government following the ...Read More

Surat based Dinesh Navadiya appointed national treasurer of VHP

December 26, 2021
Surat based Dinesh Navadiya appointed national treasurer of VHP

Surat: Dinesh Navadiya, a city based diamond baron and Regional Chairman of Gems and Jewelary Export Promotion Council has been appointed as national treasurer of Vishwa Hindu Parishad (VHP). Navadiya had been previously the organizational president of Southern Gujarat unit of VHP. He has been president of Southern Gujarat Chamber of Commerce & Industries (SGCCI), a leading business association of Surat. DeshGujaratRead More

Surat may have world’s largest jewelry mall

November 30, 2021
Surat may have world’s largest jewelry mall

Surat: The captains of Gujarat Diamond Bourse and Ichchhapor Gems and Jewellery Park have decided to build the largest jewellery mall of the world in Ichchhapor Jewellery Park in Surat. The mall will be built across 55 thousand square feet out of the total land of 10 lakh square feet of Ichchhapor Gems and Jewellery Park. A total 850 jewellery showrooms will be built across 8.50 lakh square feet construction at a cost of Rs 850 crores. The site visit program is arranged on 5th December by Gu...Read More

3-day Gems and Jewelleries Exhibition kicks off in Surat

November 27, 2021
3-day Gems and Jewelleries Exhibition kicks off in Surat

Surat: Union Minister of State for railways and textiles Darshana Jardosh today inaugurated the 3-day gems and jewelleries exhibition at Sarsana convention centre, Surat organised by Surat Jewellery Manufacturers Association. Over 200 manufacturers have participated in this 3-day exhibition from 27th to 29th November. An umbrella of natural diamonds of 175 carat weight of the cost of Rs 20 lakh has become a centre of attraction in the exhibition. It is made of 12 thousand diamonds and 450-gr...Read More

Income Tax Department conducts searches in Gujarat

September 25, 2021
Income Tax Department conducts searches in Gujarat

Surat: The Income Tax Department in a statement said it carried out search and seizure operations on 22.09.2021 on premises of a leading Diamond manufacturer and exporter from Gujarat, based on intelligence input about tax evasion. Apart from the diamond business, the group was also in the business of manufacturing of tiles. The operation covered 23 premises located in Surat, Navsari, Morbi, Wankaner in Gujarat & Mumbai in Maharashtra. ​The highlight of the search includes seizure of large ...Read More

Surat to have a World Jewelry Trade Centre

August 30, 2021
Surat to have a World Jewelry Trade Centre

Surat: Icchapore in Surat will have a world jewellery trade centre spreading across 60 thousand yards of land. The then Chief Minister of Gujarat Narendrabhai Modi had allotted the land of Ichchhapor GIDC to Gujarat Diamond Bourse for the construction of jewellery park in year 2004. The UPA government had given permission for a Special Economic Zone (SEZ) status for the same but the project of jewellery park couldn’t materialize due to recession in the diamond business in 2008-2009. Later ...Read More

Rupani presents 46th India Gems & Jewellery Awards to 42 entrepreneurs

August 27, 2021
Rupani presents 46th India Gems & Jewellery Awards to 42 entrepreneurs

Surat(Information): Gujarat Chief Minister Vijay Rupani today presented awards to 42 entrepreneurs from all over India, including Surat, Mumbai and Delhi, in different categories at the 46th India Gems & Jewellery Awards function organised by the Gems and Jewellery Export Promotion Council (GJEPC) and sponsored by Union Commerce and Industries Ministry at Surat. Speaking at the function at the Diamond City premises, he said the Indian diamond polishing and jewellery industry has shown to the ...Read More

15-storey Surat Diamond Bourse will not have 13th floor and ‘I’ building

August 02, 2021
15-storey Surat Diamond Bourse will not have 13th floor and ‘I’ building

Surat: As 13 is an unlucky number, no diamond businessman is ready to purchase an office on 13th floor of under-construction Surat Diamond Bourse. The committee that is managing the Bourse has decided to omit 13th floor from a 15-storey building of Bourse. There are total 9 buildings, each having 15-storey height. None of these buildings shall have 13th floor. A floor number 14 will start right after floor number 12 as a result. The committee has named each building after an alphabet. Howeve...Read More

Ghanshyambhai Dholakia of Surat buys Rs. 185 crore residential building in Mumbai

August 02, 2021
Ghanshyambhai Dholakia of Surat buys Rs. 185 crore residential building in Mumbai

Surat: Ghanshyam Dholakia, one of directors of Hari Krishna Exports Pvt. Ltd and brother of diamond businessman Savjibhai Dholakia has purchased Rs. 185 crore bungalow of Essar group on Worli Sea Face in Mumbai. He has paid Rs. 93,000 per square ft for this deal to own a 19,886 square ft bungalow that has basement and ground plus six floors. Rs. 2.57 crore sum has been paid as stamp duty. Rs. 47 crore sum bas been paid for lease of the land, Rs. 51.45 crore as market value, Rs. 6.91 crore as sta...Read More

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