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Friday, October 24, 2025
TopicDiamond sector

Topic: Diamond sector

Job losses, factory closures pushing Surat’s diamond workers to the edge. 71 suicides in 18 months

There are about 8-10 lakh diamond workers in Surat, says Diamond Workers Union Gujarat. Most of these workers are neither permanent nor registered employees on the payroll.

Mumbai to lose some of its sheen as diamond merchants, dazzled by new bourse, plan move to Surat

Till now, Surat has been the diamond manufacturing hub & Mumbai the export base. However, Gujarat's ease of doing business & lower costs, could make Surat Diamond Bourse a hub for both.

Surat’s diamond industry has a suicide problem. Police to bosses, nobody wants to join the dots

At least eight diamond workers in Surat have died by suicide in the past three months with about 15,000 laid off while the industry's losses have increased from 1% to 15-20% annually in the last five years.

At least 3 lakh Surat diamond workers sent on ‘vacation’, but reality isn’t as sparkly as it sounds

Surat's diamond industry hit by global slowdown, unrest, and floods in Africa, from where raw diamonds are sourced. Workers union says 20% companies have halted operations.

Low production, low demand — diamond hub Surat pins hope on Diwali for some recovery

With Covid cases & lockdown norms not letting diamond units work in full capacity, $24 bn industry is looking forward to Diwali season hoping for demand to pick up.

Surat diamond industry has lost Rs 30,000 crore, but it’s in no rush to restart business

With global economy sinking, safety issues in operations and Covid-19 load, the Surat Diamond Association is focussing on migrants' return and not revival of the industry.

Scientists are hunting for diamond mines in India — with help from earthquake data

A 3-member team is mapping how waves generated by quakes travel through the Earth’s uppermost layers to detect potential diamond mines in the country.

World’s biggest diamond mine closing down

The closure of Argyle, best known as the source of about 90% of the world’s prized pink diamonds, could kick-start diamond prices that have waned since 2011.

Union Bank of India pulls out of ‘fraud-hit’ diamond hub Antwerp

The viability of the branch isn't established because of low business, particularly from the diamond sector, says CEO Rajkiran Rai Gundyadka.

On Camera

In Bihar, BJP is courting upper castes—a clear shift from its 2020 strategy

With two parties led by Dalit leaders now part of NDA, the BJP is hopeful of winning a large number of reserved constituencies.

US sanctions Rosneft & Lukoil: What we know of 2 oil giants that produce half of Russia’s crude

Rosneft, the Russian state-owned oil behemoth, has large interests in India. Reliance has a contract to purchase 500,000 barrels of crude per day from the firm.

From battle of wits and daring air strikes to artillery fury, new details emerge of Operation Sindoor

Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.

CJI, IPS, IAS & Homebound: A wake-up call 75 years in the making

Education, reservations, govt jobs are meant to bring equality and dignity. That we are a long way from that is evident in the shoe thrown at the CJI and the suicide of Haryana IPS officer. The film Homebound has a lesson too.