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Indian diamond industry: Looking forward

08 march 2021 22 february 2021 Lately, the Indian diamond industry, on the whole, had been reeling with the effects of the implementation of GST and demonetization with several diamond polishers losing their jobs. The Indian diamond trade has asked the Government for an amendment in taxation provisions to allow the sale of rough diamonds in the Special Notified Zone (SNZ) in Mumbai; and exemption of two-per cent equalization levy on rough diamond sales. According to industry members, miners could pay a ‘turnover tax’ not exceeding 0.16%, which is the prevailing rate in Belgium. Labourers are also demanding implementation of labour laws and Factory Acts in the diamond factories, claiming that around 10 polishers across the state had committed suicide in the last few months due to joblessness.

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Diamond Companies Globally Face Tax Code Changes

02 april 2021 22 june 2010 As the diamond market continues its recovery, many companies find themselves having to dig out of the debt incurred during the economic collapse, http://diamondinvestingnews.com says. There is good news from favorable market data from around the world. By volume, US imports of polished diamonds rose 44 percent to 1.04 million carats year on year, the price rising by 19 per cent to $1294.69 per carat. The increase in profitability of mining and polishing companies around the world is driving some to call on their respective governments for investments in Africa for rough supply, tax regulation changes. This week is a wrap-up of current diamond market climates around the world.

United statesAshit mehtaFyodor andreyevAvi krawitzSebastiao panzoEdahn golanSurat diamond associationDe beersShore gold incBlue starCommodity onlineIndian finance ministerStar orion south diamondCanadian mining journalAlrosa chiefKimberley process

Diamonds net - Naturalmark Aims to Defeat Undisclosed Synthetics

RAPAPORT. A new project to combat undisclosed synthetics has launched in India, offering retailers low-cost screening and inscription using a model based on gold hallmarking. Naturalmark will place tamper-proof seals on parcels of loose diamonds, as well as laser-inscribing finished jewelry, enabling transparency at a consumer level, Surat-based Gourav Sethi, its founder, told Rapaport News last week. The program, which launched in October, has received support and funding from regional jewelry associations in India, as well as from a handful of diamond and jewelry manufacturers, said Sethi, who has been a board member at the Surat Diamond Association for 10 years.

Rapaport united states incRapaport united statesDiamonds netBharat diamond bourseGem jewellery export promotion councilGourav sethiJoshua freedmanLab grownLab grown diamondsRapaport newsSurat diamond associationSynthetic diamondsUndisclosed syntheticsராபபோர்ட் ஒன்றுபட்டது மாநிலங்களில் இன்க்ராபபோர்ட் ஒன்றுபட்டது மாநிலங்களில்வைரங்கள் நிகர

India s Diamond Hub Surat Abuzz After Prolonged Lull

India s diamond hub Surat abuzz after prolonged lull While many stakeholders in the industry see the recent rise in production as a temporary affair driven by the festive season, some are hopeful that it will continue. Diamond While a majority of sectors have been negatively impacted by the coronavirus pandemic, raw diamond cutting and polishing units in and around Surat city of Gujarat are abuzz with activities after a prolonged lull. Media reports say that India is the world’s largest cutting and polishing centre of rough diamonds, and 14 out of every 15 rough diamonds in the world are polished here. Surat is the hub for cutting, polishing and processing rough diamonds and 85 percent of the diamonds are exported. The diamond sector was facing a slowdown in recent years. The situation worsened from in the last week of March when the nationwide lockdown was announced.

Madhya pradeshHong kongDamjibhai mavaniDinesh nevadiaMehul choksiRamesh zilriyaMitesh jasaniSurat diamond association mavaniSurat diamond associationDiamond workers unionJewellery export promotion councilRolex diamMini bazarNirav modiDiamond associationமத்யா பிரதேஷ்

Surat diamond trade out of Corona; Demand for silver and diamond jewelry increased | कोरोनातून बाहेर पडला सुरतचा हिरे व्यापार; चांदी आणि हिऱ्याच्या दागिन्यांची मागणी वाढली

Surat diamond trade out of Corona; Demand for silver and diamond jewelry increased | कोरोनातून बाहेर पडला सुरतचा हिरे व्यापार; चांदी आणि हिऱ्याच्या दागिन्यांची मागणी वाढली
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