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GJEPC Unveils 5-Year Plan to Boost Indian Exports
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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...
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Polished Markets
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Jul 30, 2017
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Avi Krawitz
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Surat Traders Strike over New Tax
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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...
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Financial-Legal
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Jun 18, 2017
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Rapaport News
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India’s Cash Policy Delays Surat Jewelry Fair
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Gujarat authorities postponed the annual SparkleInternational gem and jewelry exhibition by a month as India’s demonetizationpolicy prevented visitors from attending the show in December.The 9th edition of the fair will now take place in Suratfrom January...
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Polished Markets
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Dec 27, 2016
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Rapaport News
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Surat Diamond Bourse Project Put On Hold: Quick Take
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Plans to develop a Surat Diamond Bourse (SDB) have been put on hold amid the weak diamond market. An SDB spokesperson told The Times of India this week that many diamantaires who initially expressed interest...
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Polished Markets
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Jul 22, 2015
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Ronen Shnidman
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Kalyan Jewellers Expands Retail Network
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Kalyan Jewellers opened a showroom in Vadodara, expanding its retail presence in India’s western state of Gujarat. After Ahmedabad and Rajkot, this is Kalyan’s third showroom in the state. “The launch of our store in Vadodara underlines the...
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Retail
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Dec 14, 2012
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Dilipp S Nag
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SDA Urges Diamond Firms to Close on Thursday for Polls
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The Surat Diamond Association (SDA) has appealed to diamond companies to close their factories and offices on Thursday, the polling day of the assembly election in India’s western state of Gujarat.The association said the gesture would...
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Manufacturing
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Dec 12, 2012
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Dilipp S Nag
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China's Rough Diamond Deals May Impact Surat Industry
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Surat’s diamond manufacturing sector is facing increased competition from China, putting a dent the Indian city’s status as a leading polishing and cutting hub. A report by the Associated Chamber of Commerce and Industry of India (ASSOCHAM) noted...
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Manufacturing
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Dec 05, 2012
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Dilipp S Nag
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Forevermark Expands into Ahmedabad, Vadodara
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Forevermark, the diamond brand from the De Beers Group, expanded its reach in India through new partnerships in Ahmedabad and Vadodara of Gujarat state.“We are delighted to launch in Ahmedabad, a market that is of significant importance to us,” said...
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Retail
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Nov 22, 2012
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Dilipp S Nag
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SDA Apprises Election Commission on Cash Seizure Issue
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The Surat Diamond Association (SDA) on Friday apprised officials of the Election Commission of India (ECI) on issues that diamantaires are facing related to the cash seizures by the commission's surveillance teams ahead of the assembly election in December in Gujarat state.In a bid to curb the circulation of ''black money'' during...
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Polished Markets
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Oct 19, 2012
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Dilipp S Nag
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Dubai, Gujarat Sign Pact to Boost Diamond Trade
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The Dubai Chamber of Commerce and Industry and the Southern Gujarat Chamber of Commerce and Industry (SGCCI) recently signed an agreement to promote bilateral trade between Dubai and Surat, mainly in diamond and textile businesses.Dubai...
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Polished Markets
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Apr 26, 2012
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Dilipp S Nag
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GJEPC Announces Annual Awards Winners
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The Gem & Jewellery Export Promotion Council (GJEPC) on Tuesday announced its 38th annual award winners in Surat to celebrate the performance of exporters, brands and local diamond companies. The event was attended by the Chief Minister of Gujarat, Narendra Modi, the featured guest and the...
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Manufacturing
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Oct 11, 2011
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Dilipp S Nag
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Authorities Detain Two on Diamond Smuggling Charges
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The Surat branch of the Directorate of Revenue Intelligence (DRI) detained two people on suspicion of diamond smuggling. One suspect was a citizen of the Democratic Republic of the Congo and the other was a resident of the Rajkot...
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Financial-Legal
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Aug 10, 2011
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Ricci Dipshan
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