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In 2018, Kiran Gems faced controversy when over 300 diamond polishers claimed they were laid off without notice or severance. The workers, mostly from Saurashtra, filed complaints with local authorities and sought support from the Surat Diamond Association. Kiran Gems' management stated that the polishers were employed through contractors and ...
The following is a list of countries and territories by diamond exports. Data is for 2012, 2015, 2016 and 2023 in billions of United States dollars, as reported by The Observatory of Economic Complexity and the International Trade Centre. Currently the countries exporting over one billion dollars in 2023 are listed:
On 12 February, the study was presented at a seminar held by the GJEPC and the Surat Diamond Association, in Surat, India. The report argued that the use of child labour in India's diamond processing industry has been reduced from 0.55% in 1998 to 0.31% in 2005, "while for the synthetic stone industry it is estimated to be two-thirds less".
A debt-ridden laborer in central India said his family’s life has been “changed forever” after he unearthed a 19.22-carat diamond worth almost $100,000. Indebted Indian laborer finds life ...
De Beers has accumulated the biggest stockpile of diamonds since 2008, the Financial Times reported. Weak demand and rising competition from lab-grown products are weighing on the diamond titan.
The Census Bureau in 2012 reported that the United States received rough diamond imports from approximately 24 KP participants including Liberia, Mexico, Democratic Republic of Congo, India, Israel, and Japan. Within the data reports of imports from countries such as these the carat weight and value of the diamonds are also included. [48]
India is the second biggest oil importer after China and is highly dependent on imported crude oil. [27] The net imports of crude oil rose from 171.73 Mt during 2011–12 to 226.95 Mt during 2020–21. The net imports of natural gas increased from 18 BCM in 2011–12 to 32.86 BCM in 2020–21, recording a CAGR of 9.44%.
Bharat Diamond Bourse (BDB) is the world's largest diamond bourse (exchange) and is located in Mumbai, India. [1] Spread over a 8.1-hectare (20-acre) plot, the complex is home to some 2,500 small and large diamond traders in addition to the Custom House, banks and other service providers who cater to the gems and jewelry trade. [2]