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Tuesday, September 2, 2025
TopicDiamonds

Topic: diamonds

Modi giving a lab-grown diamond to Jill Biden is an act of patriotism. Boosts the industry

Even the controversy may be considered a blessing in disguise—the popularity of green diamonds exported from India may increase even more.

Synthetic diamonds, shell companies, overvalued jewellery — how money is laundered in diamond trade

Modus operandi employed by diamond jewellery businesses to launder money involves import of cheap, synthetic diamonds that are usually overvalued by over 100 times, it is learnt.

Key Atlantic current system, transporting organisms & resources, could be facing collapse

ScientiFix, our weekly feature, offers you a summary of the top global science stories of the week, with links to their sources.

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.

Lab-diamond boom divides Surat. ‘If everyone had Kohinoor, would it still have value?’

India exported lab diamonds worth $216.07 million in financial year 2017-18. The latest numbers – between April 2022 & February 2023 – stand at $1568.55 million.

Diamonds, made in a lab: IIT Madras gets Rs 242 cr from Budget for project, calls it ‘historic’

Finance Minister Nirmala Sitharaman, while announcing the allocation for lab-grown diamonds in the 2023 Budget, had called it an 'emerging sector with high employment potential'.

Scientists create soft robots that grow like plants

ScientiFix, our weekly feature, offers you a summary of the top global science stories of the week, with links to their sources.

Global diamond trade struggles after being hit by US sanctions on Russia

Losing access to Russian diamonds over long term would devastate the industry, jeopardising thousands of jobs in India and hitting major trading centers across the world.

Diamonds & blood: How sanctions against Russian diamond industry can help crime, hurt India

Even though exports to India make up just about 10% of Russian direct sales, Indian diamantaires fear they could end up on the frontline of the war in Ukraine.

Surat’s new diamond bourse wants Mumbai’s glitter, gets slammed for ‘objectionable’ incentives

Surat Diamond Bourse, currently under construction, is expected to open in 3 or 4 months. It is expected to house nearly 4,400 merchants and employ about 1.5 lakh people.

On Camera

Road building is a money-making racket in India. And we have a very short memory

We get very angry when rain disrupts our lives and brings our cities to a halt, but by the time the elections come around, we have forgotten how angry we were.

A Rs 33,000 cr ‘banking fraud’: ED’s case against Arvind Dham, Amtek’s web of ‘500 shell companies’

ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.

‘Real-time, all-climate’ explosives detector could enhance airport & border security—no dogs, no swabs

Bengaluru-based CeNS designs accurate, portable, and cheap sensor using surface-enhanced Raman spectroscopy. It could significantly reduce risks at vulnerable choke points. 

For Indian Mercedes, Asim Munir’s dumper truck in mirror is closer than it appears

From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.