Diamond Traders

  • Kerala: Diamond trader killed for Rs 300 crore jewels December 26, 2012

    New Delhi: A diamond trader who claimed to have hailed from a royal family was killed in Thiruvananthapuram while trying to trade precious stones worth hundreds of crores. Harihara Varma, was founded murdered in his friend's house on Monday afternoon. Varma was trying to strike a deal by selling precious...
  • Chinese court sends 5 Indian traders to jail December 7, 2011

    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...
  • Diamond trader turns Surat into a green zone October 24, 2011

    Surat: A diamond trader in Surat has decided to light up the city this Diwali with a unique initiative. Industrialist Pintu Dholakia is gifting saplings to his employees as Diwali greetings. No glossy greeting cards, but as many as 10,000 such green saplings will be used to say "Happy Diwali" to...
  • Fear still lingers in Opera House diamond market July 20, 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...
  • Surat diamond traders condole Mumbai blasts July 17, 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...
  • Mumbai blasts: Govt to decongest Opera House July 15, 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...
  • China arrests 21 Indians for smuggling diamonds January 12, 2010

    New Delhi: China has detained 21 Indian diamond merchants accusing them of being part of a smuggling gang. All the 21 Indian traders were detained on January 8 in the Chinese city of Shenzen. The news of Indian diamond merchants being detained was first reported on some Chinese news websites alerting the...
  • Stock mkt woes take shine off Surat's diamond trade October 16, 2008

    New Delhi: Surat's diamond trade market is now more interested in whats happening at the stock market than in the diamond industry. With thirty per cent of the industry's money stuck in the stock market, production work has drastically slowed down. We have a channel. If payment gets stuck somewhere because of...
  • Surat traders' pool in Rs 200 crores against Modi December 11, 2007

    New Delhi: The business community of Gujarat is focusing on the elections leaving aside their daily business. Some have taken their helicopter and some have taken their airplanes to help the ministers in their campaign. This time around the money invested in the elections has been ten times more. A...
  • Diamond traders turn good Samaritans May 21, 2007

    Surat: Mentally handicapped people of the diamond city are getting help from unexpected quarters a group of diamond merchants. The group of diamond merchants is out on the streets of Surat, adding sparkle to the life of the mentally challenged people, roaming aimlessly. They give them a bath, clip their nails,...