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.
Diamond cutting industry hopes for tax sops in union budgetJune 28th, 2009 SURAT - As the government gears up to present this year's union budget, the recession-hit diamond cutting industry is looking forward to some sops, which could bail it out from the economical rough waters. Traders in Surat, nation's diamond hub, said they are anticipating some tax relief in the budget.
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.
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.
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.
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.
Modi targets Rahul, Congress terms BJP anti-peopleFebruary 22nd, 2009 SURAT/NEW DELHI - Gujarat Chief Minister Narendra Modi Saturday urged Congress leader Rahul Gandhi to refrain from commenting on the state's economic initiatives but the Congress retorted by terming Modi's Bharatiya Janata Party (BJP) pro-corporate, saying it had little concern for the masses. 'Some people come from Delhi and give us advice on the Tata Nano project without full information,' Modi said in Surat.
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.
Poor global demand leaves thousands jobless in Surat diamond unitsJanuary 18th, 2009 SURAT - Poor overseas demand due to the global economic meltdown has left thousands jobless in this Gujarat city, India's diamond cutting and polishing hub. Surat has about 6,000 units that provided jobs to 5.5 million people, most of them from the Saurashtra region of Gujarat, who cut and polish almost 70 percent of the world's rough diamonds.
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's moves fail to revive diamond polishing unitsDecember 31st, 2008 SURAT - Gujarat Chief Minister Narendra Modi's Dec 26 assurance that diamond workers' livelihood would be secured has not instilled confidence among them. Not all closed diamond polishing units have resumed operations, and eight workers have committed suicide in less than a week since then.
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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