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Namdeb employee sorting through rough diamonds.
De Beers Cancels March-April Sight
De Beers has called off this week’s sight in Botswana, citing restrictions resulting from measures to contain the coronavirus.Lockdowns in Botswana, South Africa and India are prohibiting sightholders from traveling and preventing the shipment...
Rough Markets Mar 30, 2020 Rapaport News
IIJS Signature 2020
India Eases Trade’s Financial Burden
India’s government has approved concessions to ease the financial situation for diamond and jewelry businesses after the country went into lockdown to curb the spread of the coronavirus.The finance ministry raised the minimum...
Financial-Legal Mar 25, 2020 Rapaport News
Surat
Surat Diamond Manufacturing Shuts Down
The entire polishing industry in Surat has shut until March 31 after Indian authorities introduced tight restrictions to slow the spread of the coronavirus.Activities stopped on Tuesday in line with a lockdown enforced by the Gujarat state government....
Polished Markets Mar 24, 2020 Rapaport News
India GST
Indian Exporters Get Reprieve from Banks
Indian banks have agreed to offer special concessions to diamond exporters to help them deal with late payments resulting from the coronavirus outbreak.Companies will have extra months to repay loans they take to fund overseas...
Financial-Legal Mar 19, 2020 Rapaport News
DEF
DEF Invests in Education on Three Continents
The Diamond Empowerment Fund (DEF) has grantedits largest-ever award, to be shared among nine beneficiaries across three continents.The $470,000 training and education grant,released early last week, is designed to support girls’ education,entrepreneurship and youth...
Financial-Legal Oct 15, 2019 Rapaport News
Surat cutting
Rapaport Trade Mission to Surat, India
The RapaportGroup is pleased to announce our trade mission to Surat, India. This mission willprovide an opportunity for members of the diamond-and-jewelry trade to gainfirst-hand knowledge of the diamond supply chain. Surat ishome to an estimated 500,000 diamond cutters,...
Mining Feb 14, 2019 Rapaport
India cutting factory
Surat Must Pivot to Marketing, Says Rapaport
Martin Rapaport has called on manufacturersin Surat to develop relationships with small US jewelers in an attempt toexpand their sales and marketing. The Indian diamond city, a hub for cuttingand polishing, remains highly traditional, and must...
Polished Markets Jul 17, 2018 Rapaport News
Synova 150
Synova Opens Cutting Center in Mumbai
Technology group Synova has opened a new diamond-sawingcenter in Mumbai, the company said recently. The hub — the Swiss manufacturer’s second in India —will provide laser-sawing services, stone analyses and machine demonstrations,which will speed...
Rough Markets Jun 05, 2018 Rapaport News
New Diamond Bourse Set for Surat 150
New Diamond Bourse in the Works for Surat
Construction is under way to develop a diamond bourse in Surat that will house more than 4,400 diamond merchants. The complex is scheduled to be completed in 2020, and to be fullyoperational by the following year, spokespeople for the project told...
Rough Markets Feb 21, 2018 Rapaport News
GIA 150
GIA Unveils Plans for Labs in Surat and Antwerp
The Gemological Institute of America (GIA) will this year opena laboratory in Surat, and expand its operations in Antwerp to include diamondgrading.The GIA has secured premises for the two locations, and expects to open both...
Polished Markets Jan 09, 2018 Rapaport News
Diamond Polisher Surat India 150
GJEPC: Raid Shows Problem with Tax Policy
India’s Gem & Jewellery Export Promotion Council (GJEPC)has called for clearer tax rules, an official said, after authorities raided diamond couriers whowere transporting finished goods back to their owners in Mumbai on Saturday.The preventive...
Polished Markets Jan 09, 2018 Leah Meirovich
Sarine Galaxy
Sarine Unit to Sue over Alleged Fraud
Sarine Technologies subsidiary Galatea will be taking legalaction against a manufacturer in Surat, India, claiming fraudulent use ofSarine’s Galaxy inclusion-mapping technology and software, the companyannounced Thursday. Galatea noted a long-term discrepancy between the weights...
Technology Jan 07, 2018 Rapaport News
Female Miner
Diamonds Do Good: Sharing the Wealth
Standing in the entrance to Kiran Hospital in Surat, India, Govindbhai Dholokia beams with pride as he gestures toward the list of donors that made the facility possible. “Everyone here works with their hearts,” says Dholokia,...
Rough Markets Dec 11, 2017 Avi Krawitz
Ghanshyam Dholakia Hari Krishna Exports
Four Major Changes in 25 Years of Hari Krishna
Hari Krishna Exports (HKE) has come a long way over the lasttwo-and-a-half decades, and its growth reflects that of India’s diamond tradeas a whole. The manufacturer and polished-diamond supplier, which celebrates its25th anniversary...
Manufacturing Aug 15, 2017 Joshua Freedman
GJEPC IIJS 2017 opening
GJEPC Unveils 5-Year Plan to Boost Indian Exports
India’s jewelry trade has outlined a plan to increaseexports by about 40% over the next five years, Praveenshankar Pandya, chairmanof the country’s Gem and Jewellery Export Promotion Council (GJEPC), saidFriday. The council has...
Polished Markets Jul 30, 2017 Avi Krawitz
India cutting
Surat Traders Strike over New Tax
Diamond traders in India observed a one-day shutdown onSaturday in opposition to a new tax on the industry, according to local reports.Several thousands of traders and brokers joined the strikein Surat, a diamond-manufacturing hub in the state of Gujarat, following a callby...
Financial-Legal Jun 18, 2017 Rapaport News
Forevermark polished diamond
Forevermark Inscribes Two-Millionth Diamond
Forevermark reached another milestone this month after a round brilliant-cut, 3.48-carat polished stone became the two-millionth diamond to be inscribed by the De Beers brand. The diamond, which bears the serial number “2,000,000,” originated in Namibia,...
Retail May 28, 2017 Rapaport News
Hari Krishna Surat Factory
Modi Inaugurates Hari Krishna Cutting Center
Hari Krishna Exports has become the first diamond company to open a manufacturing facility in Surat’s state-of-the-art Gujarat Hira Bourse, following a ribbon-cutting ceremony this week attended by Indian Prime Minister Narendra Modi.Hari Krishna’s new...
Manufacturing Apr 19, 2017 Rapaport News
Susan Jacques
GIA Launches Synthetics Detector for Jewelry
The Gemological Institute of America (GIA) has unveiled anew machine for identifying synthetic diamonds, including stones that have beenmounted in jewelry.Using advanced spectroscopic technology, the machine canpinpoint natural, untreated diamonds above approximately...
Technology Apr 18, 2017 Rapaport News
Kiran Gems
Kiran Gems Cuts Loose US, HK Subsidiaries
Kiran Gems, a Surat-based diamond manufacturer, has offloaded a number of subsidiaries as part of a group-wide restructuring effort. As a result, its US-based jewelry operations – Kiran Jewels Inc., Unique Design, SDIL, and Prestige – will operate as independent entities...
Manufacturing Apr 12, 2017 Rapaport News
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