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 Mysuru.
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 Mysuru.
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
Chelsea's Mudryk fails drugs test: Club
CHELSEA forward Mykhailo Mudryk has failed a doping test, the Premier League club said on Tuesday, as reports stated the Ukraine international has been provisionally suspended.
NIA court convicts 3 IM operatives
THE SPECIAL Court for NIA Cases convicted three Indian Mujahideen (IM) operatives for hatching a conspiracy to carry out blasts ahead of the then US President Barack Obama's visit to India for Republic Day in 2015, as per instructions from Pakistan.
Hopcoms outlets on the verge of closure
GOING by the current trend of online platforms and private players selling vegetables and fruits procured directly from farmers at competitive prices, outlets of the Karnataka government-owned Horticultural Producers' Cooperative Marketing and Processing Society (Hopcoms) are on the verge of closure.
RAHUL AND JADEJA BRING ORDER AS INDIA TAIL WAGS
Poor form and captaincy issues could be two unrelated things as Rohit falls for another low score on day four in Brisbane on Tuesday
RAHUL AND JADEJA BRING ORDER AS INDIA TAIL WAGS
SOMEWHERE in the middle of the first innings, Virat Kohli rushed out of the Gabba dressing room, called up Abhimanyu Easwaran, told him something in earnestness and sent him off the ground.
Two World Champions, 31 GMs, Tamil Nadu is the best: Anand
OPEN rooftop car. Scores of people. Cavalcade of cars. It was another maddening but memorable day in the newly-crowned world champ, D Gukesh's, life.
Rana wouldn't have got into our playing XI: Gujarat coach Klinger
GUJARAT GIANTS, after finishing last in the back-to-back Women's Premier League points table, went into the mini-auction looking to make a few important changes.
Bid in satellite spectrum not feasible: Scindia
A day after Congress leader Jairam Ramesh raised concerns over the government's decision to administratively allocate satellite spectrum in the country, communications minister Jyotiraditya Scindia on Tuesday defended the move, saying that satellite spectrum is neither suitable nor practical for auction.
ITC Hotel demerger from January 1, 2025
FMCG giant ITC Ltd has fixed January 1, 2025 as the effective date for the demerger of its hotel business after receiving an order from the National Company Law Tribunal (NCLT).
Sebi may tighten SME listing norms, bring in transparency
THE Securities and Exchange Board's (Sebi) board meeting slated for Wednesday is likely to come up with a slew of measures to clean the SME IPOs space that has, of late, received regulatory attention.
