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Cut diamond imports dip by 14.44 per cent in April-November 2017: GJEPC

The return consignments stood almost the same at USD 4,945 million for the period under review, compared with USD 4,978 million in the year-ago period, according by GJEPC.

Will India’s diamond cutting operations shift to Israel, Belgium?

India is the world’s largest cutting and polishing centre of rough diamonds, and it is said that 14 out of every 15 rough diamonds in the world are polished here.

Jewellery Export Council may cancel Firestar, Gitanjali Gems’ membership

According to a council official, cancellation of membership can cause problems for exporters as banks and suppliers often ask for certificates and membership details.

Lenders initiate insolvency proceedings against Winsome Diamonds and Jewellery

Creditors have been asked to submit claims by Feb 27. Under insolvency process, Winsome Diamonds board was suspended and the IRP vested with its powers.

First big arrest in PNB fraud: Fire Star Diamond president Vipul Ambani held by CBI

Four other senior executives were also arrested by the agency in connection with two FIRs registered by it in the scam, they said.

The uncertain financials of Firestar International, the flagship of Nirav Modi’s empire

The company now finds itself in the centre of investigations by multiple agencies following the Rs 11,300-crore scam that broke out at PNB.

H&M India to make online foray later this year

“We plan to launch our online store this year,” H&M India country manager Janne Einola told reporters at the Retail Leadership Forum here, without giving a timeline.

Navi Mumbai to house India’s first gem, jewellery park

The government also plans to provide housing to craftsmen on the premises. However, artisans and craftsmen have questioned the viability of the plan.

Gitanjali faces top level exodus in the wake of PNB fraud

Board member S Krishnan saying that there was no one to even organise a board meeting to clarify the issues surrounding the purported fraud.

Gitanjali faces top level exodus in the wake of PNB fraud

Board member S Krishnan saying that there was no one to even organise a board meeting to clarify the issues surrounding the purported fraud.