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G-20 delegates visit Mumbai s glittering diamond hub
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Indian Diamond Companies Go All Out for their Karigars At a time of crisis, the diamond industry has time and again proven its compassionate side by extending support to its karigars By: Diamond World News Service
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SRK providing financial assistance to the family of the deceased
Adversity is a great teacher and a leveler. Despite the norms of social distancing, in acts of kindness and reaching out to the needy, the connect between individuals has in fact brought all of us closer. Workers or karigars are financially the weakest link in the diamonds (and diamond jewellery) supply chain. Workers are the pillars on which the whole industry rests. Many of these people are migrants, some have mastered the art from their forefathers – and may not have been highly qualified as well.
The demand for gem and jewellery is back in major export markets, as the overall shipments of gems and jewellery surged to Rs 25,226.11 crore year-on-year in April 2021, according to Gem and Jewellery Export Promotion Council (GJEPC). The overall gems and jewellery exports stood at Rs 273.41 crore during April 2020, when India as well as the major export markets were going through lockdowns to curb the spread of COVID-19, GJEPC data showed. Exports of cut and polished diamonds (CPD) in April grew to Rs 16,538.84 crore as compared to Rs 261.19 crore in April 2020. Gold jewellery shipments surged to Rs 5,060.23 crore compared to Rs 1.55 crore a year ago.
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