Huge Budget Boost for India’s Diamond Industry
India’s diamond industry welcomed a raft of measures announced in today’s budget
Indian jewelry
World Record Ring made of 50,907 Recycled Diamonds
The Eutierria Ring has more than twice as many diamonds as the previous record holder, The Touch of Ami, with 24,679 diamonds. Both rings were made in India.
20,000 jobs lost in Surat as diamond demand fades
Plummeting demand for cut and polished diamonds in the West and China has pushed some 20,000 workers out of work in the last one month in Surat, where 80% of the diamonds sold globally are polished. Surat, the main centre of India’s diamond industry, offers employment to some 800,000 workers in its 4,000-odd cutting and … Read more
India Warns of Impact from Proposed US Tariffs
India’s jewelry industry could lose business to rivals such as China and Mexico if the US goes ahead with its proposed new tariffs on the sector, industry leaders warned this week. Fresh import duties would jeopardize jobs and the well-being of the industry in both India and America, officials from the southern Asian nation said … Read more