WHILE diamonds are often regarded as timeless treasures, the industries that create these precious gems are currently facing significant challenges. A severe recession has impacted the diamond industry in Gujarat, leading to the closure of more than 2,000 factories—approximately 50% of the total—after the Diwali vacation, according to the Gujarat Diamond Workers Association.
This year, the crisis has driven 45 gem artisans to take their own lives amid rising unemployment. The government has acknowledged in the Rajya Sabha that the diamond sector has struggled for the past three years due to declining demand in key export markets and supply chain disruptions, including G7 sanctions on diamonds of Russian origin.
Denne historien er fra December 11, 2024-utgaven av The New Indian Express Jeypore.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 11, 2024-utgaven av The New Indian Express Jeypore.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
PM asks auto sector to invest more
PRIME Minister Narendra Modi on Friday said that India stands as an outstanding destination for investors looking to shape their future in the mobility sector.
Minor gang-raped in Bisra, 5 nabbed
A month after a 14-year-old girl was gang-raped in Sundargarh's Bisra, another minor girl was reportedly sexually assaulted by six persons in the same area on Thursday night.
Missing 23-year-old's body found in nullah along NH
Mystery shrouds the death of a 23-year-old missing youth whose body was recovered from a nullah along NH-16 near Haladiapadar on the outskirts of Berhampur in Ganjam district on Friday.
Agree with Army Chief's LAC stand, says MEA
THE External Affairs Ministry (MEA) said on Friday that there is no contradiction regarding the situation along the Line of Actual Control in eastern Ladakh, following remarks by Army Chief General Upendra Dwivedi, who had indicated that a \"degree\" of standoff exists between Indian and Chinese forces in the region.
BPCL signs loan agreement worth ₹31,802 crore
BHARAT Petroleum Corporation Limited (BPCL) has signed a loan agreement worth ₹31,802 crore with a consortium of six lenders led by the State Bank of India.
SpaDex docking a step towards Indian space station by '35: Singh
UNION minister Jitendra Singh said on Friday that an Indian space station would be established by 2035 and the successful docking of satellites through SpaDex is a major breakthrough in that direction.
MFs Asked To Disclose Info Ratio
SEBI has asked asset management companies (AMCs) to disclose their information ratio, which is used to measure risk-adjusted returns of mutual fund schemes, on their websites on a daily basis for equity-oriented schemes.
Israeli meds gear up to treat freed hostages
Upon reaching Israel, hostages to be sent to one of 6 designated hospitals; long captivity raises concerns about health
Emergency' triggers stir in Punjab, security at multiplexes tightened
THE screening of Kangana Ranaut's film 'Emergency' was cancelled in Punjab due to intense protests by various Sikh organisations, Shiromani Gurdwara Parbandhak Committee (SGPC) members and farmers' groups on Friday.
PSU steel manufacturer RINL gets ₹11,440 crore lifeline from govt
Revival package
