Surat: A leading diamond company located in Surat, Bhavnagar, and other cities, Maruti Impex, has announced a temporary closure of its operations for the next 3 to 4 months. The closure affects around 15,000 staff members, including diamond artisans, computer operators, and support staff across Surat, Bhavnagar, Amreli, and Junagadh. With uncertainty about the resumption of operations, the company has advised its staff to seek alternative employment. Salaries for employees were cleared up to ...Read More

Surat: Govind Dholakia, the founder-chairman of the diamond manufacturing and exporting company Shree Ramkrishna Exports (SRK), presented a unique gift to India’s Prime Minister Narendra Modi. The gift, a natural diamond carved in the shape of India’s map, is named Navbharat Ratna. This 2.120-carat diamond symbolises India’s unity, beauty, and brilliance. It was crafted by skilled artisans from Surat and presented to PM Modi by Govindbhai Dholakia. The diamond took approximately 3,700 m...Read More

Amreli: Diamond units in Amreli district have declared Diwali vacation from 26 October for a one-month period. Due to the slowdown pertaining to the Israel War, around one-third of the total 960 units are already non-functional, while the other units are working for limited hours. While the vacation will start on October 26th, the date of reopening is not declared by diamond units. Amreli district has over 402,000 workers employed in diamond units. DeshGujaratRead More

Surat: A rare heart-shaped diamond weighing 10.08 carats, valued at Rs 4.55 crore, was stolen from a trader's office on June 24 and found 500 km away from Surat. The diamond was discovered hidden under an earthen stove (Chula) in the village of Sirhoi district, Rajasthan. The theft happened with Chirag Shah owner of Akshat Gems, when the main accused, Hitesh Purohit, swapped the diamond with a lab-grown one valued significantly less than the original on June 24. Mahidharpura police had for...Read More

Mumbai: The Indian gem & jewellery industry today announced 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 suspension was a collective decision taken by the Indian diamond industry, represented by the GJEPC, Bharat Diamond Bourse, Mumbai Diamond Merchants Association, Surat Diamond Bourse, and Surat Diamond Association, to address the challenges related to the imbalance between dem...Read More

Surat: During the meeting at the White House in Washington, DC, Prime Minister Narendra Modi presented several gifts to President Joe Biden and First Lady Jill Biden. Among these gifts was the Green Diamond, produced by the Surat-based diamond company Green Lab, which was specifically presented to Dr. Jill Biden, the First Lady of the USA. The lab-grown 7.5-carat green diamond gifted by PM Modi to Jill Biden reflects the chemical and optical properties of earth-mined diamonds. It is worth not...Read More

Surat: Vallabhbhai Lakhani, the owner of Kiran Gems, a leading diamond company in Surat, has donated Rs 25 crore for Kiran Hospital - 2, which is proposed to be built at Ram Chowk in Mota Varachha. Surat Municipal Corporation (SMC) had allotted 13,000 vaar land to build the hospital. Surat Diamond Association (SDA) has started to build a hospital with a 450-bed capacity with modern facilities and a nursing college at a cost of Rs 425 crore at Mota Varaccha-Utran. Vallabhbhai Lakhani and Lakh...Read More

Surat: Provident Fund(PF) department has asked Surat diamond industry to make voluntary disclosure on non payment of PF before 31st March 2017. This directive applies to firms that have more than 20 employees in the period of 1 January 2009 to 31st December 2016. Such companies will need to make disclosure of nonpayment of PF and pay balance 12% PF. The company will not need to pay 12% share on employee's part. Re. 1 penalty will need to be paid for each day of job of employee. If some company f...Read More