Gross exports jumped 26% year-on-year to $2.2 billion in June from $1.7 billion a year ago Surat: Defying geopolitical tensions and subdued global consumer sentiment, India’s gem and jewellery exports posted a robust recovery in June, driven by strong demand for gold jewellery, stabilising natural diamond prices and a sharp rise in lab-grown diamond exports.Gross…
Surat: Seventy-five-year-old diamond businessman Dhiru Ramani, who was allegedly abducted in the West African nation of Mali nearly three months ago, was freed early Thursday after his family reportedly paid a ransom of about 4 million euros.Two other Indian hostages — a cook and an electrician — were also released.Ramani was brought to the Malian…
Surat: The city’s fast-growing lab-grown diamond (LGD) industry is preparing to invest around Rs 10,000 crore in Odisha, with leading manufacturers drawn by attractive power and capital subsidies. The move underscores intensifying competition among states to capture a share of India’s expanding LGD sector as the country strengthens its position against global rival China.The Diamond…
Lab-grown diamondSurat: India’s polished lab-grown diamond exports have overtaken natural diamonds in volume for the first time, in FY 2025-26, marking a decisive shift in the global diamond trade driven by rapid manufacturing growth and rising affordability.Provisional data for FY 2025-26 shows India exported 18.8 million carats of polished lab-grown diamonds (LGD), compared to 16…
A diamond artisan in Surat Lab-Grown Diamonds – Photo by Gaurang Joshi Surat: Prime Minister Narendra Modi’s call to Indians to stop buying gold for a year to save foreign exchange could affect employment and domestic trade, stakeholders in the gems and jewellery sector feel. While saying that they support the call and understand its…
