Try GOLD - Free
GUJARAT DIAMONDS & DESPAIR
The New Indian Express Madurai
|December 11, 2024
RAJYA SABHA DATA ANALYSIS HIGHLIGHTS
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 Madurai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Madurai
The New Indian Express Madurai
THE ODDITY OF PRIVILEGED FUGITIVES
EUROPEAN courts seem keen to legitimise high privileges for other countries' economic fugitives.
3 mins
December 11, 2025
The New Indian Express Madurai
Rename Lok Bhawan after Birsa Munda: Soren
PAST SYMBOLS
1 min
December 11, 2025
The New Indian Express Madurai
Court summons revenue secretary in contempt case
THE Madras High Court has summoned Tamil Nadu revenue secretary to the court in connection with a contempt of court case filed by a retired officer seeking punishment to the authorities concerned who allegedly disobeyed the orders of the court directing them to disburse the retirement benefits to him.
1 min
December 11, 2025
The New Indian Express Madurai
C'garh panel to look into cases withdrawn against surrendered Maoists
THE Chhattisgarh government on Wednesday set up a cabinet subcommittee to review criminal cases registered against Maoists who have surrendered and recommend withdrawal of eligible cases from the courts.
1 mins
December 11, 2025
The New Indian Express Madurai
Former IG held in case of fraud, cheating in UP
FORMER IPS officer Amitabh Thakur was arrested from the Sitapur-Maholi border while he was en route to Lucknow on Wednesday in connection with a fraud and forgery case related to the allotment of an industrial plot in Deoria district in 1999.
1 min
December 11, 2025
The New Indian Express Madurai
Illegal mining: Report on action taken sought
STATING that minerals are assets of the country and as such cannot be allowed to be looted, the Madras High Court on Wednesday sought a report from the director of Geology and Mining on the action taken against illegal mining of minerals in the state.
1 min
December 11, 2025
The New Indian Express Madurai
1st Pravasi Rajasthani Divas begins with ₹1L cr investment proposals
THE first-ever Pravasi Rajasthani Divas (Overseas Rajasthani Day) began in Jaipur on Wednesday, marking a major step toward accelerating industrial development in the state.
1 min
December 11, 2025
The New Indian Express Madurai
MIND COMMUNITY CONCERN WHILE DOUSING ODISHA FURY
I HE murder of an Adivasi woman has reopened old wounds in Odisha's Malkangiri.
1 mins
December 11, 2025
The New Indian Express Madurai
CM unveils memorial for Assam Agitation 'martyrs'
THE Assam government on Wednesday honoured the 860 victims of the Assam agitation, also known as the Anti-Immigrants Agitation, on the occasion of Swahid Diwas.
1 min
December 11, 2025
The New Indian Express Madurai
Oppn walkout after BJP MP withdraws question on India's forensic capabilities
OPPOSITION parties led by the Congress on Wednesday staged a walkout in the Rajya Sabha after a BJP MP withdrew a question he had originally posed to Home Minister Amit Shah on strengthening the country's forensic capabilities.
1 min
December 11, 2025
Listen
Translate
Change font size
