New Delhi: A court in China on Wednesday sentenced five Surat based diamond traders to imprisonment of between three to five years and acquitted 16 others of charges of smuggling. The diamond traders, mostly Gujaratis, were arrested by Shenzhen customs officials for allegedly smuggling diamonds from Hong Kong to China on January 8, 2010. Shenzhen is a major city in China's Guangdong province close to Hong Kong. Apart from the...
05:03 PM, Dec 07, 2011
Mumbai: A week after the major blast that tore through Opera House in Mumbai, business and sentiments in this diamond district is badly affected. Traders say they have lost roughly Rs 750 crore in the terror attack. Many shops are still closed, or under repair, and a blanket of fear still grips the market. Private security guard Sunil Dubey called the police after spotting an unattended tiffin box on the...
09:15 AM, Jul 20, 2011
Surat: Diamond traders gathered in Surat to condole the loss of their counterparts in Mumbai's Zaveri Bazaar blast. But the only question that dominated collective consciousness - has the diamond industry become a key target for terrorists? While July 13 serial blasts is the third attack on Zaveri Bazaar, Surat remains vulnerable too, with 20 live bombs being recovered from its diamond industry-dominated areas in 2008. In the wake of...
07:31 AM, Jul 17, 2011
Mumbai: For 30 years now Opera house has been the hub of the diamond trade in Mumbai. A 70,000 crore industry with more than 2500 offices have refused to move out of this congested area. That's because rental is as low as six rupees a square feet in this prime area of Mumbai. There is also an element of superstition that Opera House is lucky. On Wednesday all illusions of...
09:46 PM, Jul 15, 2011
Chinese police say Indians are a part of a diamond smuggling gang. ...
08:31 PM, Jan 12, 2010
Most of their money has been wiped out due to the stock market free fall. ...
03:07 PM, Oct 16, 2008
Sydney: Australia's troubles in the run-up to the World Cup can be neatly summed up by the predicament of skipper Ricky Ponting: a world-class performer struggling with form and battling injury. Australia certainly have the pedigree as the top-ranked team in the limited-overs game and the three-times defending champions at the World Cup, where they are unbeaten in 29 matches. They lost their first-ever home series to Sri Lanka to...
08:16 PM, Dec 11, 2007
The group of Surat diamond merchants helps adding sparkle to the life of the mentally challenged people. ...
02:00 PM, May 21, 2007
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