Surat: India’s gems and jewellery trade witnessed mixed trends up to September 2025, shaped by contrasting global and domestic factors. Despite the impact of U.S. tariffs, exports of cut and polished diamonds remained robust, while rising gold and silver prices kept profit margins for diamond and jewellery companies thin. Ahead of the festive season, gold and silver imports saw a notable surge. In September 2025, exports of natural cut and polished diamonds rose to USD 1.36 billion, up from U...Read More

Ahmedabad: The Directorate of Revenue Intelligence (DRI) has nabbed one Navneet Jagdishbhai Makwana at SVPI Airport here for attempting to smuggle two packets of diamonds worth ₹3.53 crore, concealed in his rectum. Makwana, who was unemployed and seeking work, was allegedly approached by a Surat-based diamond merchant named Ashok. The merchant offered him ₹20,000 in cash along with a return ticket in exchange for smuggling diamonds from Vietnam. As per the details, DRI officials grew sus...Read More

Surat: The diamond industry in Surat is witnessing a positive trend with a surge in exports in December. This has brought a sigh of relief to the industry players after a period of sluggishness. According to data released by the Gem & Jewellery Export Promotion Council (GJEPC), polished diamond exports in December reached Rs. 6,569.70 crore, compared to Rs. 5,622.11 crore in November. Similarly, lab-grown diamond exports also saw a significant increase, rising from Rs. 530.86 crore in Novembe...Read More

Surat: The Diwali vacation in diamond units in Surat has been extended for a week. The earlier date of reopening of diamond units was 17 November, which is also the date of reopening of schools after Diwali vacation. However, the diamond unit workers are informed through messages by several companies that the date of reopening is now shifted to 24 November. According to insiders, several units may extend this date further to 30th November. Every year, lakhs of diamond industry workers fr...Read More

Surat: Export of Gems and Jewellery from the Special Economic Zone in Surat was down by Rs. 12,765 crore in financial year 2023-2024 compared to 2022-2023 due to slow down in China, America and European countries. Export of Diamond Gems and Jewelery from Surat SEZ was Rs. 16,000 crore plus in 2020-21, Rs. 20,000 crore plut in 2021-22, Rs. 26,500 crore plus i 2022-23 and Rs. 13,700 crore plus in 2023-24. The export of Diamonds, Gems and Jewellery is likely to go further down in 2024-25. Des...Read More