Diamonds

Rs 2.6 crore worth diamond fragments seized from Dubai-bound flyers

The Directorate of Revenue Intelligence (DRI) has seized diamond capsule fragments worth Rs 2.6 crore from two passengers at the Mangaluru International Airport (MIA), official sources said on Monday. The DRI sleuths, with the help of CISF personnel at the airport, confiscated the diamonds from two passengers, Anas and Amar from Bhatkal, as they were about to fly to Dubai on Saturday, DRI sources said. Acting on a tip-off, the DRI sleuths found two packets of diamond capsules hidden in the shoes of one of the passengers during an intensive physical check at the immigration counter. The CISF personnel handed over the two passengers to DRI officials for further investigation, the sources added.

Budget 2023: IIT Madras to get Rs 242 cr for research on lab grown diamonds

This research will be focused on driving indigenization of the LGD manufacturing process

Budget: Initiative to boost lab-grown diamond sector cheers Surat industry

The Union government has announced a package for Research and Development for five years, which will give a jump to lab-grown diamonds

Centre should reduce import duty on cut and polished diamonds: GJEPC

Whereas to protect the domestic jewellery market, it has suggested that the basic customs duty on gold/silver/platinum jewellery should be increased from 20% to 25%

Russia's secret gem sales fracturing diamond trade from Mumbai to New York

Many in the industry refuse to deal in Russian gems following the invasion of Ukraine and after mining giant Alrosa PJSC was hit with US sanctions

Russian exports of diamonds are rising again after sanctions chaos

The sudden shortage of stones sent diamond prices surging, especially for the smaller and cheaper gems that Alrosa specialises in

Surat's polishing industry in for a treat as lab-grown diamonds find favour

Of the roughly 8,000 polishing units in Gujarat city, 15% polish lab-grown diamonds exclusively

Exports of India's lab-made diamonds may hit $8 bn amid rising US demand

Exports of polished lab-grown diamonds may double in the current financial year started April 1 from $1.3 bn in the prior year, says GJEPC vice chairman

Angola: Rare pink diamond may be the largest one found in 300 years

The 170-carat stone from the Lulo alluvial mine has been named the "Lulo Rose"

Double the pain for Surat diamond industry as demand falls, costs rise

Western markets fear recession and domestic business is uncertain ahead of festival season later this year

Buying a diamond? Get a fix on the four Cs before you pick up a fiery stone

Your love affair with the precious stones doesn't end with the purchase. You've really got to take care of the ice to keep the blemishes away. Here are tips on how to buy diamonds.

How diamond baron Govind Dholakia got Rs 920 from his first trade

Diamond tycoon Govind Dholakia has come out with a tongue-in-cheek account of his journey of life, recalling how he created a billion-dollar company

Polishing industry faces production cut amid delay in rough diamond imports

The industry is facing a hit of at least 30-40 per cent to its production capacity, due to delayed diamond imports.

NMDC conducts e-auction of 8,337 carats rough diamonds from Panna mines

State-owned NMDC on Thursday said it has conducted an e-auction of 8,337 carats rough diamonds produced at its Panna diamond mines in Madhya Pradesh.

'The Enigma': Mystery black diamond up for auction; crypto accepted

Also known as a carbonado diamond, it is possible the black diamond came from outer space

Out of this world: 555.55-carat black diamond lands in Dubai

The rare gem was shown off on Monday to journalists as part of a tour in Dubai and Los Angeles

A silver lining in Surat's diamond industry amid production crisis

Lower output has let the industry hold on to bargaining power over polished gems

MP: 139 diamonds worth over Rs 1 crore to be auctioned in Panna

A total of 139 rough diamonds with an estimated value of Rs 1.06 crore will be auctioned in Madhya Pradesh's Panna district from September 21, an official said on Sunday. The diamonds, collectively weighing 156.46 carats, were quarried from mines in the district, Panna's diamond officer Ravi Patel told reporters. These precious stones also include a 14.09 carat diamond, which was found by a labourer in Februrary this year and remained unsold in the previous auction, he said. It is expected to be the main attraction and may fetch about Rs 70 lakh, officials said, adding that it will be the biggest gem to be put up for the auction this time. Traders from Gujarat, Delhi, Mumbai, Hyderabad and other parts of the country are likely to participate in the auction, Patel said. According to officials, the proceeds from the auction of the raw diamonds would be given to the respective miners after deduction of government royalty and taxes. In February, a labourer and his partners found the

A booming market for artificial diamonds yet no match for the real thing

Don't expect the synthetic stones to surpass natural ones anytime soon because the world's biggest miners of diamonds aren't looking to get into man-made diamonds

De Beers implements biggest diamonds price increase of 5% in years

The diamond industry has surprised many by the speed of its recovery after being brought to a complete standstill in the first half of last year