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.
This story is from the December 11, 2024 edition of The New Indian Express Sambalpur.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 11, 2024 edition of The New Indian Express Sambalpur.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Three-star Blasters down Mohammedan
KERALA Blasters FC players delighted the home crowd to record a dominant 3-0 win over Mohammedan SC in the Indian Super League at the Jawaharlal Nehru Stadium here on Sunday.
The making of fast bowler Boland: Cult hero of MCG
ON a hot Saturday afternoon at the AH Butler Oval, Frankston Peninsula Cricket Club was playing against Camberwell Magpies Cricket Club in the local game on the outskirts of Melbourne.
Mandhana climbs another mountain as India beat West Indies
THERE is a famous bridge that connects the city of Sangli with the rest of the world on the river Krishna called Irwin Bridge.
Nat'l badminton: Unseeded Adarshini enters semifinals
TAMIL NADU'S Sathish Kumar K, who's the No 1 seed, and Adarshini Shri NB entered the semifinals of the Senior National Badminton Championships in Bengaluru.
ODISHA SWIMMERS MANNATA, SHRISTI CREATE NEW NAT'L RECORD
ODISHA swimmers Mannata Mishra and Shristi Upadhyaya created new national records in 100m breaststroke and 100m butterfly events respectively in the short course KNZ Provincial Championship held at Durban, South Africa.
KNOW LINEAR AND LATERAL THINKING
As a result of geopolitical tensions, scheduled general elections in India during the mid-year and in the USA towards the end of the year as well as valuations that had sky-rocketed, volatility during 2024 was anticipated by many of us.
IS ALGORITHMIC TRADING FOR YOU?
TECHNOLOGY should expand the scope of human skills. There are things that you can do yourself using your skills. You can use technology to support your skills and create something even more potent than before.
Credit card defaults could hurt you badly now
With SC rejecting 30% cap on credit card interest rates, card issuers will now have more flexibility to set rates
Banks' profits spike in first 9 mths of 2024
BANKS have raked in as much as ₹2.7 lakh crore in net income in the first nine months of 2024.
SC judgment nullified; GST Council fixes Safari Retreats' error retrospectively
THE government has 'nullified' the Supreme Court order in the Safari Retreats case that allowed commercial real estate companies to claim input tax credit (ITC) on construction costs for their rental buildings.
