scorecardresearch
Add as a preferred source on Google
Thursday, October 2, 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

Why Modi’s supporters fear ‘proud Hindu’ MK Gandhi and venerate his murderer Godse

Every Gandhi Jayanti, we witness a contradiction in Hindutva position — PM Modi hails ‘beloved Bapu’ while his supporters attack and abuse him.

Nodal officers to fast-tracking NOCs, Kerala govt’s heeding investor concerns, and it means business

As many as 21 policy reforms are under implementation following Invest Kerala Global Summit, as LDF govt works to change perception that the state is not conducive to businesses.

Finnish giant ICEYE to build signature radar microsatellites in India, offers full control to govt

Company builds microsatellites that are smaller, faster, cheaper to produce. ICEYE will develop & launch micro-satellites, hand them over to India, which will have full control & sovereignty.

Something’s hidden in the Oval Office photo of Trump, Munir, Sharif. India must look closely

What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.