The sanctions were expected to be published in the EU’s official journal shortly, which allows for them to formally enter force.
The entire SDB megastructure comprises of nine 15-storey towers, which house a total of around 4,700 offices. The project will add 150,000 more jobs in Surat's diamond industry, Prime Minister Modi said.
Spread across an area of 6.7 million square feet, the Surat Diamond Bourse has surpassed the size of Pentagon, the US defence headquarter, which is based on an area spanning 6.5 million square feet.
Former Gujarat chief minister Anandiben Patel had in February 2015 performed the ground-breaking ceremony of the SDB and DREAM City project.
Greenlab Diamonds , Limelight Lab Grown Diamonds and Cupid Diamonds are the three major companies powering India to excel in the international LGD market. Greenlab was in the news last year for making the largest LGD of 27.27 carat, labelled Om.
The Indian unit of diamond giant De Beers is seeking to tap the growing popularity of diamonds and launching boutique stores and expanding its presence in India, said Sachin Jain, MD, De Beers India.
Demand for diamonds has plummeted during the pandemic, freezing sales and squeezing prices. With temporary mine closures at risk of becoming permanent, diamond miners are seeking ways to extract more value from their stones.
In Surat, craftsmen usually spend 10-12 hours a day in small mills or grimy sheds cutting and polishing 80 percent of the world's diamonds but the business is based on cash and the demonetization of the high-value banknotes from Nov. 8 has prevented many from operating.
The Indian diamond industry in Surat is also feeling the heat of demonetisation. It is the biggest diamond polishing hub in the world. CNBC-TV18 met with Jonathan Kendall, President of International Institute of Diamond Grading & Research for a ground check.
Rapaport India is pleased to announce that Martin Rapaport will be hosting a special breakfast seminar entitled the “Diamond ...