The Indian gem & jewellery industry announces that the voluntary suspension of rough diamond imports, which was in effect from 15th October to 15th December 2023, will be lifted on 15th December 2023
The delegation visited Mumbai and Surat to learn more about the Indian gem and jewellery industry to explore ways of helping it meet G7 sanctions requirements with minimal or no disruption to the sector
The Bharat Diamond Week 5th edition organised by the Bharat Diamond Bourse, the world's largest Diamond Exchange is preparing to welcome Premium Buyer delegations from various economies and International VIP visitors.
India s massive diamond industry is grappling with a prolonged crisis. Western sanctions on big miner Russia, inflation in the US and a downturn in China have hit the industry which cuts and polishes nine of ten diamonds in the world. Exports from the world s top diamond exporter are down; companies are cutting output, salaries and staff. In Surat, that controls 90% of India s diamond trade, the fates of thousands of workers hang in balance. Several have died by suicide. Team TMB travels to the heart of the diamond business and talks to merchants, brokers, workers, and a union leader to understand the issues that now face this centuries-old industry. Listen to this episode of The Morning Brief with host Anirban Chowdhury!