One of the world's largest diamonds _ size of chicken egg _ unearthed at South African mineSeptember 30th, 2009 500-carat diamond found at South African mineJOHANNESBURG — Petra Diamonds Ltd. says a diamond the size of a chicken egg has been found at South Africa's Cullinan mine.
507-carat diamond found in South AfricaSeptember 29th, 2009 JOHANNESBURG - South Africa's Cullinan mine, the source of the world's biggest diamond, has produced yet another unusually large, high-quality diamond, the mining company that made the find announced Tuesday. Petra Diamonds said the 507-carat gem was found alongside three more rough diamonds found at the mine Sep 24.
Surat diamond traders hope to shine at China's diamond festivalSeptember 8th, 2009 SURAT - Diamond traders in Surat are expecting good business during the upcoming National Gold and Diamond festival week in China. The Indian diamond cutting industry was one of the badly hit sectors due to the global recession.
Jewellery industry gains glitter in JaipurMay 25th, 2009 JAIPUR - After a gap of sluggishness due to global meltdown, the gems and jewellery business in Jaipur is slowly picking up. Of late, the demand has picked up not only across the world but also from within the country.
Gold sale up 14 percent on Akshaya TritiyaApril 30th, 2009 MUMBAI - Gold sales across the country zoomed 14 percent in value terms April 27, this year's Akshaya Tritiya, compared to the auspicious day last year, the World Gold Council (WGC) announced here Thursday. Akshaya Tritiya is an auspicious day according to the Hindu calendar for buying long-term assets like gold and silver, including ornaments made of the same, diamond and other precious stones, and real estate.
Small revival of Surat diamond industry brings smile back to workersApril 27th, 2009 SURAT - After a lull, diamond market in Surat was abuzz with activity following slight spurt in demand for high quality diamond. Reportedly, over a hundred thousands of workers had lost their jobs following the recent recessionary trends.
MMTC opens retail chain for gold, diamond jewelleryApril 21st, 2009 NEW DELHI - Minerals and Metals Trading Corp (MMTC), tying up with jewellery house Gitanjali Group, Tuesday announced the launch of its retail chain across the country to sell hallmark gold and diamond jewellery. The first Shuddhi Sampoorna Vishwas store was opened at Lajpat Nagar in New Delhi.
Rs.10-mn assistance for jobless diamond workers' childrenMarch 17th, 2009 SURAT - Two diamond industry associations in Gujarat Tuesday came forward with Rs.10-million (Rs.1 crore) education assistance for the children of jobless diamond workers in the state. The Surat Diamond Association (SDA) said it would spend Rs.7.5 million for nearly 16,500 students in 140 schools in Surat.
German team to study crisis in Gujarat diamond industryMarch 17th, 2009 SURAT - A German university has sent a team of faculty members and students to Gujarat to help the struggling diamond industry find a solution to its woes. The team of 28 students, three researchers and faculty members from the Martin Luther University of Halle-Wittenberg has arrived here Sunday.
Diamond workers of Gujarat revert to agriculture due to recessionMarch 14th, 2009 DHOLERA TALUKA - Diamond workers in Gujarat, who lost their jobs due to ongoing economic recession, reverted to their traditional roots and are making profits by taking up agriculture. Thousands of jobless diamond workers have diverted to agriculture in Bhavnagar and Ahmedabad district.
'Treat diamond workers in Gujarat at par with Tatas'March 2nd, 2009 AHMEDABAD - The downturn-hit diamond workers in Gujarat should be given financial aid at par with the concessions offered to the Tata Group for its Nano car project, a breakaway faction of the ruling Bharatiya Janata Party (BJP) said Sunday. The Mahagujarat Janata Party (MJP) - formed by some rebels of the Gujarat unit of the BJP - criticised Chief Minister Narendra Modi for his alleged apathy towards the recession-hit diamond workers in the state.
Modi announces package for diamond workersMarch 1st, 2009 GANDHINAGAR - Gujarat Chief Minister Narendra Modi Saturday announced a skill enhancement training and aid package for the slowdown-hit diamond workers in the state. Under the package, unemployed diamond workers from Surat, Ahmedabad and Bhavnagar will get a stipend of Rs.100 per day during their training period.
Diamond workers from north Gujarat threaten to boycott pollsFebruary 16th, 2009 PALANPUR - Workers of diamond polishing units from north Gujarat, who lost their jobs due to the global financial meltdown, have threatened to boycott the Lok Sabha elections to protest government apathy towards their plight. 'We are firm on boycotting the Lok Sabha elections.
Gujarat diamond units form new state-level forumJanuary 18th, 2009 AHMEDABAD - Owners of diamond cutting and processing units across Gujarat Monday floated a new organisation to represent them in a more unified manner and put greater pressure on the central government to heed them. So far, the Surat Diamond Association was the representative group of diamond cutters, traders and polishers, taking up issues such as mass employment and closure of units.
Modi seeks central help to revive diamond industryJanuary 5th, 2009 GANDHINAGAR - Gujarat Chief Minister Narendra Modi Tuesday urged Prime Minister Manmohan Singh to announce a 'relief package' for the diamond industry, which was hit hard by the slowdown. In the representation to the prime minister, Modi said the state's diamond industry had made great contributions in terms of revenue income to the Indian government by exporting polished diamonds.
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