507-carat diamond found in SA mine worth 12m pounds !September 30th, 2009 LONDON - A diamond the size of a chicken egg and worth an estimated 12 million pounds has been found at the Cullinan mine northeast of Pretoria. One of the world's biggest-ever sparklers - a 507.55-carat whopper - was showed off by mining group Petra Diamonds' chief executive Johan Dippenaar.
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.
Carborundum Universal to restructure Chinese joint ventureJuly 31st, 2009 CHENNAI - Abrasives and ceramics manufacturer Carborundum Universal (CUMI) is planning to restructure its Chinese operations by hiving off its abrasives business into a new subsidiary. "The Chinese operations registered a steep decline due to lower export sales of abrasives and diamond tools.
Economic Survey for diamond processing, jewellery sector integrationJuly 2nd, 2009 NEW DELHI - The Economic Survey tabled in parliament Thursday has sought the integration of diamond processing sector with jewellery manufacturing so as to boost exports. "Forward integration of the diamond processing sector to jewellery manufacturing, where the value addition achieved is the highest, will help in boosting the export performance once the existing economic downturn passes by, the survey said.
Gold loses glitter to diamondMarch 19th, 2009 CHENNAI - Gold has lost much of its glitter to diamond. Though considered auspicious for a family, gold prices have shot through the roof.
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.
'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 government asked to help small and diamond unitsJanuary 28th, 2009 SURAT - The Congress party Thursday asked the Gujarat government to take immediate steps to help recession-hit small and medium enterprises (SMEs) and diamond units. Addressing the media at Valsad, 270 km from Ahmedabad and 50 km from here, Leader of Opposition Shaktisinh Gohil said the central government had announced two packages but the state government was wooing only big industries and ignoring the small and medium enterprises.
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.
Modi neglected diamond industry, says CongressDecember 25th, 2008 AHMEDABAD - The Congress party Friday accused Gujarat Chief Minister Narendra Modi of not taking enough measures to help the crisis-stricken diamond industry of the state. For four months the workers of diamond units were on the street crying for succour.
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