The heat of the ongoing war between Russia and Ukraine since February is now reaching India as well. According to reports, this fight has also affected the diamond business in the Indian city of Surat. According to reports, the import of rough diamonds has come down due to the ongoing war between Russia and Ukraine. Due to this, there is also a slowdown in the diamond business in the market. Due to this recession, about 25000 diamond artisans have become unemployed.
Let us tell you that 65 percent of the rough diamonds in the country are imported from Russia. The diamond business here is 100% dependent on imports. Since the start of the war between Russia and Ukraine, now there is a shortage of diamonds in the domestic market. The arrival of rough diamonds in the country has come down by 29 percent. The decline in diamond imports has had a direct impact on the business. Due to this, 25,000 artisans of Gujarat have become unemployed. Where work is being done, the working hours have also come down from 8 to 6. Diamond traders have started giving two days' leave to the artisans instead of one. Let us tell you that India has been importing diamonds worth Rs 75,000 crore annually from Russia, but it has come down after the start of the war between Russia and Ukraine.
Let us tell you that there is a business of polishing rough diamonds on a large scale in the areas of North Gujarat, Surat, and Saurashtra of Gujarat. GJEPC says that the old stock of the industry is also getting exhausted. Due to the shutdown of imports, factories have started shutting down. There are more than 8000 units of diamond cutting and polishing in Gujarat. In Surat alone, 75 percent of the rough diamonds in the entire country are imported. The diamonds prepared here are sold in countries like America, UAE, and Hong Kong. America is the largest buyer of polished diamonds.
Also Read: New LG's first blow to Delhi CM Arvind Kejriwal, files withheld; eclipse on singapore tour
'Our family is called a traitor...', what did PM Modi say on the question of Rajmata, the BJP candidate contesting from Krishnanagar?
Amidst the Lok Sabha elections, Prime Minister Narendra Modi spoke on the phone to a BJP candidate from Krishnanagar Lok Sabha seat, Amrita Roy. During this, Prime Minister Modi told Amrita Roy that
Attack on Shinzo Abe: Former Japanese PM Shinzo Abe was shot twice in the chest, and attacked during speech; blood flowed from the body
Former Japanese Prime Minister Shinzo Abe was attacked in the city of Nara on Friday morning. He was fired upon when he was addressing a gathering. During this, he suddenly fell. According to media
Murshidabad Violence: Governor Bose met the victims after rejecting CM Mamata's request, NHRC and NCW teams visited Malda district
Governor CV Anand Bose on Friday met riot victims at the Parlalpur High School relief camp in Baishnabnagar of Malda district of West Bengal. This relief camp has been set up for hundreds of people
Delhi Flood Alert: Flood warning in Delhi, Yamuna flowing above the danger mark; the water level of the river will rise further!
Due to continuous rain in the mountains, the water level of the Yamuna in the capital has reached above the danger mark, due to which the administration has issued a flood warning. The water level of
Karnataka: Karnataka government surrounded by allegations of stealing voters' data, CM Basavaraj Bommai said - 'Congress suffers from bankruptcy'
Less than six months are left for the Karnataka assembly elections, but before the elections, the BJP government of Basavaraj Bommai in the state seems to be surrounded by allegations. The latest case
WCL 2025 Semi Final: If India-Pak do not clash in the semi-finals, then... which team will get entry in the final? Understand easily here
The teams of India and Pakistan are once again in the headlines, as both teams are going to face each other. India Champions have entered the semi-finals of the World Championship of Legends (WCL 2025
IPL 2025: Mitchell-Alzari became crorepatis in the last auction, this time no buyer was found; the prices of some players decreased
The mega auction of players for IPL 2025 is over. As expected, this time all the previous records were broken in the auction and Rishabh Pant created history. Pant became the most expensive player
Kargil Vijay Diwas: When Nawaz Sharif was left sweating by a call from Atal ji, former Pak PM told that story
kargil war 1999: July 26, 1999, will be etched in the memory of every Indian. On this day, the Indian Army defeated Pakistan in the Battle of Kargil, showing indomitable courage and valor. Come, let
Budget Session: Prahlad Joshi will hold an all-party meeting before the budget session, CII recommends a separate investment ministry.
Before the start of the budget session in Parliament, Union Parliamentary Affairs Minister Pralhad Joshi will hold a meeting with the leaders of all the parties of both houses. This meeting will be
RRR : 'I was sure... Natu Natu will win... This is not my arrogance...' Keeravani said on the stage Oscar
Naatu Naatu song from the RRR movie has created another history. The Oscar Award has come in its lap. MM Keeravani gave a speech on this occasion. He said, 'I have faith. Natu Natu has the power to
