Surat Diamond Manufacturing Shuts Down

By Rapaport News / March 24, 2020 / www.diamonds.net / Article Link

RAPAPORT... The entire polishing industry in Surat has shut until March 31 after Indian authorities introduced tight restrictions to slow the spread of the coronavirus.Activities stopped on Tuesday in line with a lockdown enforced by the Gujarat state government. The Bharat Diamond Bourse in Mumbai also closed from Friday until the end of the month following similar measures in Maharashtra state."In this panic situation, all are requested to stay at home, [stay] healthy, and spend time with family," the Surat Diamond Association and the Gem & Jewellery Export Promotion Council (GJEPC) said in a joint letter to the Surat trade on Saturday. The organizations urged companies to shut their offices and manufacturing units in the city, the world's largest center for polishing. Safe-deposit vaults will remain open for two hours each day, they noted.The GJEPC said it had closed its head office in Mumbai until March 31, with all employees working from home.Image: Surat, India. (Shutterstock)

Recent News

Gold stocks outperform, New Found Gold down on initial MRE

March 31, 2025 / www.canadianminingreport.com

Global Mining M&A sees moderate gain in 2024

March 31, 2025 / www.canadianminingreport.com

TSX/TSXV mining could continue to see strong equity capital raising 2025

March 24, 2025 / www.canadianminingreport.com

Gold stocks continue to outperform in move into defensives

March 24, 2025 / www.canadianminingreport.com

Gold stocks reach new highs

March 17, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok