The Surat Diamond Bourse (SDB), a major diamond trading center in Surat, India, is facing challenges as the diamond trade suffers a downturn. The bourse, which is set to open this year, is hoping to attract diamond traders from Mumbai, but the industry s slump has made moving into a new facility less appealing. Additionally, there are concerns about Surat s ability to compete with Mumbai as a trading hub, as Mumbai offers more social capital and connectivity to foreign clients. The diamond trade has been hit hard by the recession in the US, the conflict between Russia and Ukraine, and new taxes imposed in Belgium and Dubai. | Mumbai news
As the sector grew exponentially, diamond traders first moved into Prasad Chambers, and eventually in 1975 into its exclusive building of Pancharatna | Mumbai news
As the sector grew exponentially, diamond traders first moved into Prasad Chambers, and eventually in 1975 into its exclusive building of Pancharatna | Mumbai news
The crisis peaked Friday when they were told to look for another job. Sixty-year-old Ashok Patil is one of those who have been hit by the layoff wave at the unit.
Prabha Bhuva
SURAT: A 63-year-old brain dead woman has injected new life into three patients who received her organs and gave eyesight to two others.
Prabha Bhuva, who lived in Shantivan Society in Varachha of Surat, suddenly collapsed while returning home after attending a religious sermon on February 1.
She was referred to Venus Hospital for further treatment where doctors detected brain haemorrhage. On Tuesday, medical experts declared her brain dead. Hospital’s resident medical officer (RMO) Dr. Kalpna Savani informed Donate life, an NGO which works to create awareness about cadaver donation.
“We immediately reached the hospital and met her family members. They agreed for cadaver donation after we explained to them how it could save lives,’‘ Nilesh Mandlewala of Donate Life said.