India's NMDC reports record mining of diamonds worth Rs 5 cr

  • The diamonds mined from the Panna mines at Majjhgavan are rated next to those produced from South African mines.
    Nov 11, 2011 06:01 PM

Indian diamond traders freed from Chinese jail

  • Authorities in Shenzhen province of China had arrested the 22 diamond traders, most of them belonging to Surat and Mumbai, on charges of smuggling on January 8, 2010.
    Dec 08, 2011 01:45 PM

India diamond exports dips sharply in Nov

  • According to country's Gems and Jewellery Export Promotion Council (GJEPC), India's net polished diamond exports fell to $378.7 million in November, a 37.7% year-over-year decline.
    Dec 27, 2011 02:16 PM

India jewellery sales to hit $55.3 billion by 2016

  • India's total gems and jewelry market, which was valued at approximately $27.5 billion in fiscal 2011, is likely to grow at 15 percent per year to reach $55.3 billion by fiscal 2016, CARE Research predicted
    Dec 31, 2011 11:40 AM

India reimposes diamond import duty to boost exports

  • The impact of the duty on the domestic market is likely to be slight as India polishes most of what is consumes and only certain categories, particularly larger stones are cut elsewhere.
    Jan 18, 2012 05:57 PM

India gold strike costs revenue loss of $800 million

  • More than one hundred thousand bullion dealers across the vast nation are on strike since Saturday and have shut their shops as sign of protest.
    Mar 20, 2012 03:25 PM

India eyes Russia as major source for rough diamonds

  • Russia accounts for approximately 21% of global diamond production, most of which is concentrated in some of the most inaccessible and inhospitable regions in the world, just below the Arctic Circle.
    Mar 28, 2012 12:41 PM

India's Gem, Jewelry export slightly down last fiscal

  • According to Gems and Jewellery Export Promotion Council of India, exports dipped marginally to $42.84 billion in 2011-12 from $42.99 billion in the previous year.
    Apr 17, 2012 01:52 PM

Certified polished diamond prices stable in April

  • India is under pressure as the new protectionist 2% polished diamond import tax has drastically reduced 1Q 2012 polished imports by 71% and exports by 42%.
    May 03, 2012 11:08 AM

Weak Indian rupee hits Diamond too

  • A weakening Indian rupee is likely to contribute to volatility in rough diamond prices for the rest of the year, but longer-term price prospects are bright, the chief executive of London-listed miner Gem Diamonds Ltd (GEMD.L) said.
    Jun 22, 2012 04:51 PM

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