G-20 delegates visit Mumbais glittering diamond hub newkerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newkerala.com Daily Mail and Mail on Sunday newspapers.
The Indian diamond industry played host to the G-20 Trade and Investment Working Group at the worlds largest diamond hub, the Bharat Diamond Bourse (BDB) in the Bandra Kurla Complex, officials said here on Tuesday.The delegates went around the .
G-20 delegates visit Mumbai s glittering diamond hub webindia123.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webindia123.com Daily Mail and Mail on Sunday newspapers.
Shortly a court-appointed liquidator in India will begin to auction precious metals and gemstones belonging to Firestar Diamond International Pvt, which was initially owned by former tycoon and diamantaire Nirav Modi, to clear total claims of lenders that cost more than Rs 12,000 crore ($1.5 billion).
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.