Following the relaxation of some restrictions by the authorities of Surat, the diamond cut and polish hub, after the prolonged coronavirus lockdown, with effect from Monday, the 25th of May, permitting factories and workshops to resume production, with only 50% of their workforce and following strict guidelines on hand sanitization and social distancing, desperate diamond […]
Category Archives: Diamond News
Under the present atmosphere of total despair and loss of hope in the Indian diamond industry, caused by the lockdown precipitated by the corona virus crisis, a welcome ray of hope has emerged from the Indian diamond centres, with the news originating from Surat, the world’s diamond cutting and polishing capital, that the first consignments […]
Following an earnest appeal made by leading players among diamond producers in the world, calling on Indian manufacturers to impose a moratorium of at least three months on the import of rough diamonds into the country to enable the country’s cutters and polishers to recover from the corona virus crisis. Five trade bodies representing India’s […]
Chaim Even-Zohar, the veteran investigative diamond trade journalist in a comprehensive memo submitted to IDEX Online, on April 22, 2020, called on the Indian government to stop all imports of rough diamonds for three months so that the country’s cutters and polishers can recover from the corona virus crisis. The call was made following an […]
AGD DIAMONDS JSC, owners of Grib Mine, in Archangelsk, Northern Russia. Announced on 17th April, 2020, the recovery of a gem-quality large diamond, weighing 50.36 carats, on April 13th, the second such large diamond recovered this year, at their state-of-the-art mining and processing plant, GOK Them. V. Griba. The diamond was discovered as work at […]
While all sectors of the diamond industry, such as exploration, mining, cutting and polishing, and sales have taken a bad hit by the ongoing coronavirus pandemic affecting countries around the world, a leading Hong Kong based material analysis and nanotechnology company, Master Dynamic Limited, has come out with a pleasantly surprising news, that a new […]
The ongoing lockdown in India due to the coronavirus pandemic has completely halted the diamond and jewellery industry. The lockdown has caused exodus of migrant workers to their home villages, leaving the cities of Mumbai, Delhi and Surat which are well known for the manufacturing of jewellery and also for diamond processing. The owners of […]
Polished diamond imports in Japan fell by 21% in March 2009 ,when compared to the same period last year. Japanese people choose to spend less on luxury items due to the ongoing recession. The Japanese auto and computer/ electronics industry have taken a big hit due to decreased consumer spending in Europe and the US. […]
Due to the Global recession exports of diamonds to USA from India has dropped by over 30%. Indian diamond exporters are now looking for alternative markets. The Middle East looks promising .Since the onset of 2009, they are the leading importers of polished diamonds from India. According to Pravin Nanavati, ex president of the Surat […]