Diamond News Archives

Wealthy investors with at least $1 million in a brokerage account are less bullish on stocks, and tech in particular, than they were at the start of 2021, according to a new E-Trade survey.

(IDEX Online) - Diamond manufacturers in Surat fear another exodus of migrant workers, as India suffers a second wave of coronavirus. 

The industry was crippled last March when as many as half its 750,000 artisans returned to their villages in Gujurat and beyond.  

The number of Covid cases across India is higher than ever. The daily average of new infections over the last week is 249,000, compared with 93,000 at the peak of the first wave in September 2020.

Surat recovered well from a series of lockdowns last year and there are some in the industry who express confidence that lessons were last time that will help stem the flow ow workers during this wave.

"This time around, we are better prepared to take care of the workers," one factory owner told The Indian Express. 

"They, too, are better aware of the safety parameters. Hopefully, even if the cases surge further, they won't leave."...

(IDEX Online) -  Chinese police have seized diamonds worth over $6.1m and arrested 20 people suspected of smuggling them onto the mainland through Hong Kong.

The customs' anti-smuggling bureau say 84 loose diamonds, 252 diamond items and more than 100 packages of smaller diamonds were hidden among goods being imported to the country.

Officers believe gang members have been buying gems from foreign websites since last July and smuggling them into the mainland, undeclared, to avoid paying tax.

Twenty task forces were sent to arrest suspects in Shanghai, Beijing and Guangdong and elsewhere on 15 April, according to Chinese media. Inquiries are continuing.

Generic pic of loose diamonds...

The “delicate" 350-year-old piece was discovered in a field in the south of the island by Lee Morgan in late December. It was revealed in an inquest where it was officially declared treasure.