• Gold in India

    India Uncovers New Gold Smuggling Route

    India has imposed a record 10 percent duty on gold imports, prompting smugglers to think of innovative ways to bring the metal into the country.
  • Gold and Silver Report - BOWLing Green in Gold Alley

    Tuesday's market trading sessions in New York opened under growing selling pressure in the entire precious metals complex. Following a fresh sprint to new overnight highs (very near a first Fibonacci extension level at $1915) and amid 98% bullishness levels (seen on both Friday and on Monday) gold retreated to as low a level as $1,862.00 this morning.
  • Surat awaits Zimbabwe diamonds

    With the diamond flow becoming tight in global markets, Surat's diamond polishing units are now awaiting roughs from Zimbabwe, which recently got a reprieve from the KP scheme, which allowed the country to sell a portion of its diamond stocks.
  • No bull stops for India's diamond industry

    Surat, the diamond capital of India, heaved a sigh of relief on Friday when credit rating agency CRISIL said India's diamond industry is expected to remain stable this fiscal, on the back of steady demand and improved prices, although the Eurozone crisis may have some impact on gems and jewellery exports.
  • Respite for Surat as Zimbabwe to sell diamonds

    The recent decision of KP scheme to partially allow Zimbabwe to sell its diamonds has come as a respite for Surat, the biggest diamond processing centre in the world. In fact, now diamantaires in Surat can officially import rough diamonds from the troubled Marange diamond mines in Zimbabwe with the Kimberley Process allowing supervised exports of diamonds from Zimbabwe.
  • De Beers to launch special diamond brand in India

    Diamonds giant De Beers has set its eyes on Indian market in a big way. The company has decided to launch its 'Forevermark' brand in India, with an aim of creating a more affordable line of jewellery targeted at the middle income segment.
  • Linen – A fabric statement evolved from flax

    Better known as a hub for diamond and textile industries, Surat will soon have additional feature to its fame as the city-based entrepreneurs are now exploring business opportunity in more natural and high-end fabric material - Linen.
  • Zimbabwe diamond industry may face more trouble

    Zimbabwe's diamond sector is facing trouble again in the New Year with a coalition of industry-based associations and representatives in the US met the state department and demanded tough action by the Kimberley Process against the erring miners. They urged strict steps in implementing the joint work plan (JWP) designed to bring Zimbabwe into full KP compliance.
  • Diamond production to double in 10 years

    Demand for diamonds on the world market will make it possible to double production by 2020, due to a recovery of the US economy and the needs of countries such as China and India. Doubling of production would be a result of a rise in China's market share to 10 per cent and increasing demand from India by 2015, as well as from retailers and long-term acquisition contracts.
  • Indian diamond traders may pull out of China

    Following the arrest of 21 diamond traders from India, mainly from Surat, the Gems & Jewellery Export Promotion Council (GJEPC) is mulling to pull out of the diamond cutting and polishing business in China. China had nabbed 21 Indian diamond merchants for alleged smuggling of diamonds from Hong Kong to China. External affairs ministry officials said the ministry will help the traders legally.
  • Surat sees hope as Israel's diamond exports soar

    With Israel's polished diamond exports more than doubled to $308.2 million in December 2009, Surat hopes to improve its diamond trade in 2010. Surat's diamond traders expect that the new year will spell a boom for the diamond business in the city, which processes almost every diamond made in the world.
  • Diamond hub sparkles in India's climate fight

    Vipul Tejani runs a small factory in Surat, the diamond capital of India which in the past 15 years has been hit by massive floods, rising sea levels, and even the plague.
  • Nasscom-Kearney study on IT-BPO industry identifies small cities with big potential

    Nasscom or National Association of Software and Services Companies, the consortium that serves as the apex body of the Indian IT software and BPO industry, together with global management consulting firm AT Kearney has released a comprehensive assessment report of 50 locations in India suitable for the IT - BPO industry titled 'Location Roadmap For IT- BPO Growth: Assessment Of 50 Leading Cities.'