Diamond Archives - DeshGujarat

Articles tagged under: Diamond

Indian diamond industry to resume rough diamond imports from 15 Dec

December 08, 2023

Mumbai: The Indian gem & jewellery industry today announced that the voluntary suspension of rough diamond imports, which was in effect from 15th October to 15th December 2023, will be lifted on 15th December 2023. The suspension was a collective decision taken by the Indian diamond industry, represented by the GJEPC, Bharat Diamond Bourse, Mumbai Diamond Merchants Association, Surat Diamond Bourse, and Surat Diamond Association, to address the challenges related to the imbalance between dem...Read More

PM Modi gifts Surat-made lab-grown Diamond to First Lady Jill Biden

June 22, 2023

Surat: During the meeting at the White House in Washington, DC, Prime Minister Narendra Modi presented several gifts to President Joe Biden and First Lady Jill Biden. Among these gifts was the Green Diamond, produced by the Surat-based diamond company Green Lab, which was specifically presented to Dr. Jill Biden, the First Lady of the USA. The lab-grown 7.5-carat green diamond gifted by PM Modi to Jill Biden reflects the chemical and optical properties of earth-mined diamonds. It is worth not...Read More

Surat to have Kiran Hospital – 2

March 10, 2023

Surat: Vallabhbhai Lakhani, the owner of Kiran Gems, a leading diamond company in Surat, has donated Rs 25 crore for Kiran Hospital - 2, which is proposed to be built at Ram Chowk in Mota Varachha. Surat Municipal Corporation (SMC) had allotted 13,000 vaar land to build the hospital. Surat Diamond Association (SDA) has started to build a hospital with a 450-bed capacity with modern facilities and a nursing college at a cost of Rs 425 crore at Mota Varaccha-Utran. Vallabhbhai Lakhani and Lakh...Read More

Make disclosure before prescribe date or face penalty: PF department to Surat diamond firms

January 04, 2017

Surat: Provident Fund(PF) department has asked Surat diamond industry to make voluntary disclosure on non payment of PF before 31st March 2017. This directive applies to firms that have more than 20 employees in the period of 1 January 2009 to 31st December 2016. Such companies will need to make disclosure of nonpayment of PF and pay balance 12% PF. The company will not need to pay 12% share on employee's part. Re. 1 penalty will need to be paid for each day of job of employee. If some company f...Read More

Diamond business in Gujarat hit due to quota agitation by Patels (Video)

August 30, 2015

var vtn_player_type="vp"; var ven_video_key="NjgwNTAxfHwxMzQwfHxudWxsfHwxLDIsMQ=="; var ven_width="405"; var ven_height="325"; Ahmedabad/Surat Diamond business was hit after clashes between police and the Patel clan, demanding reservation in government jobs and educational institutions, brought Gujarat to a standstill. Clashes spread in the state after police arrested a young leader of the influential Patel clan, Hardik Patel who led a huge rally on Tuesday (August 25) nigh...Read More

Rough purchase to continue, decides meeting of Diamond traders in Mumbai

July 07, 2015

Mumbai A meeting of diamond businessmen was held at Bharat Diamond Bourse in Mumbai today mainly over the issue that whether to halt purchase of rough diamonds for a month period or not at this stage. The meeting was attended by about 300 diamond merchants. At the end of the meeting a decision was taken that those earning profit should continue to do business and continue to buy rough as per their need. Each trader will take decision, purely on the basis of profitability. A decisi...Read More

SMC rejects diamond trader’s demand regarding land acquisition

June 18, 2015

Surat A request by Dharmanandan Sports Club, Surat led by city-based diamond trader Lalji Patel, who was recently in news for buying Prime Minister Narendra Modi's pin-stripped suit, to not acquire his land falling under the civic body's draft Town Planning Scheme has been rejected by municipal authorities here. The Surat Municipal Corporation said that it rejected Patel's demand and sent the draft Town Planning Scheme to the Gujarat state government for its final decision. "Dharmananda...Read More

Employee decamps with rough diamonds worth Rs 3 crore in Surat

March 17, 2015

Surat A man working as a courier of a city-based diamond firm allegedly decamped with 2,500-carat rough diamonds worth Rs 3 crore, forcing the owner to file a case of criminal breach of trust against his employee, police said today. "Owner of Shree Ram Krishna (SRK) Exports in the city's Katargam area filed a complaint against his employee Sagar Ramesh Kapuriya of criminal breach of trust after he decamped with 2500-carat rough diamonds worth Rs 3 crore," police inspector Pramodkumar Deora...Read More

Meeting of Surat Diamond Association with centre

March 10, 2015

Surat A delegation of Surat Diamond Association(SDA) is visiting Delhi today to meet union minister Nirmala Sitharaman. SDA delegation wants 'special notified zone' status for Gems and Jewelry park of Gujarat Hira Bourse so that diamond industry here can directly import rough. This will save diamond industry from paying premium to middle man. This status will make possible arrival of big global companies which may ultimately provide opportunity of auction of diamonds. In future when Surat ...Read More

Voting for selection of design for proposed SDB

March 05, 2015

Surat, DeshGujarat When Chief Minister performed ground breaking for proposed Surat Dream City and Surat Diamond Bourse(SDB), she was showcased shortlisted models made by different architects conceptualizing Surat Diamond Bourse. However, even after weeks, the final design of SDB has not been selected. On Wednesday a meeting was held between Surat and Mumbai based diamond barons and architects. Architects including Jitendra Patel, Sanjay Joshi, Snehal Shah, Amish Patel, Parin Shah e...Read More