After battling recession and financial crunch, diamond industries in Surat are gearing up again for making international business. City-based diamond units are eyeing an International Diamond Jewellery exhibition which will be held in Mumbai from August 6 to August 10. Diamond units are eager to display their latest designs at the show. For full story, [...]
It’s not yet clear if China can lead the world out of recession, but the Asian giant is certainly helping Indian diamond traders out of World’s biggest diamond Diamond the woods. For full story, click here
The world’s leading diamond producer, De Beers, has reported a 99-percent dip in net profits for the first half of 2009 to just $3 million after demand for luxury goods was hard hit by the international recession. For full story, click here
Botswana went into a technical recession between the months of last October and March as the country struggled to sell diamonds, but one economist believes the worst is behind as global economy is showing some green shoots. For full story, click here
De Beers, the world’s largest diamond company, posted the biggest dip in sales of unpolished and uncut gems since at least 1974 after demand crumbled as the U.S., Europe and Japan slid into recession. For full story, click here
The Union Ministry of Labour and Employment is carrying out a detailed survey of the diamond industry to assess the level of recovery. A five-member team from the ministry visited the diamond units across the city, which have claimed to be plodding their way back to recovery from recession. For full story, click here
Even though Surat’s diamond industry has been struggling to recover from the blow it received following the recession, global diamond producers are on way to recovery. For full story, click here
Even though Surat’s diamond industry is still struggling to recover from the blow it received following the recession, global diamond producers are on way to recovery. For full story, click here
Surat diamond industry is on the revival path after it got hit by the recession. It has seen a raise in demand for diamonds and re-opening of some closed units. CP Vanani, President, Surat Diamond Association, stated: In the last one and half month, we have seen an increase in demands for diamond. For full [...]
Finally, there is some glittering news for the recession-hit diamond industry. World’s leading diamond group De Beers has declared that it will ramp up diamond production by 80 per cent in the second quarter, in the anticipation that the sales during Christmas this year will be better compared to 2008. Chandrakant Sanghavi, regional chairman, Gems [...]
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