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
Bonded Labour Continues in Many Sectors: Civil Judge
DESPITE the enforcement of the Bonded Labour System (Abolition) Act, instances of forced bonded labour continue to surface in various sectors. The law prescribes strict penalties for such practices, stated senior civil Judge B G Dinesh.
Frame Rules to Stop Ragging: Kerala HC to Govt
Effective implementation must be ensured: Counsel
Nod to two U'khand ropeway projects
THE government on Wednesday approved two ropeway projects, one for reaching Kedarnath Shrine and the other for Hemkund Sahib ji, in Uttarakhand to help pilgrims reaching easily to the two holy places.
Art Of Bearding Donald Trump In His Oval Den
The Oval Office setting is intimate, with a fireplace alight on chilly days. The room has items of high sentimental value, some of which were rescued from a huge fire in the White House in 1929
Zoho will focus on AI, large enterprises and global expansion: CEO Mani Vembu
ARTIFICIAL Intelligence, focus on vertical markets across geographies and domain-specific platforms will be our three key priorities, said Mani Vembu, who has stepped into Sridhar Vembu's shoes as CEO of SaaS major Zoho.
HC allows plea calling Sambhal masjid 'disputed'
THE Allahabad High Court accepted a verbal plea of the lawyer of Hindu plaintiffs to refer to Sambhal Shahi Jama Masjid as a 'disputed structure'.
CM Should Table Caste Census in House, Says Sunil
SENIOR BJP leader V Sunil Kumar on Wednesday urged the Congress government to table the Socio-Economic and Educational Census aka caste census in the assembly, for debate before the Budget session concludes on March 21.
Khandre wants to reclaim forest land from IAF
FOREST Minister Eshwar B Khandre on Wednesday instructed his department officials to reclaim 444.12 acres of forest lands in the possession of the Indian Air Force in Jarakabande Kaval reserve forest patch and in Peenya Plantations.
JDS to Hold Protest Over Pending Works Today
JDS leaders are planning to hold a rally against the state government for neglecting the development works by earmarking more grants for guarantee schemes in Hassan on Thursday.
TVS-backed Ultraviolette launches its first e-scooter
ELECTRIC two-wheeler manufacturer Ultraviolette on Wednesday launched its first electric scooter - Tesseract - at an introductory price of ₹1.20 lakh.
