Seven out of 10 Diamond Factories Now Open in Surat

By John Jeffay / September 14, 2020 / www.idexonline.com / Article Link

(IDEX Online) - Diamond polishing is returning to near-normal in Surat, say Indian trade bosses, as factories re-open and the spread of COVID-19 appear to have been limited.An estimated 5,000 of the city's 7,000 cutting and polishing units (70 per cent) are now functioning again, and government rules now allow 70 per cent of staff to work, rather than 50 per cent, as previously.The Gem and Jewellery Export Promotion Council (GJEPC) says total gem and jewelry exports for August were $1.76bn, down just over 40 per cent on the same month last year.Sanjay Shah, convener of the council's diamond panel committee, said: "We are optimistic about the third and fourth quarters as orders have come in from the US, and we expect demand from China to pick up from September onwards."Things are looking better as we expect an additional 10 to 15 per cent boost in orders."Exports to Hong Kong are strong, demand for the US market is slowly picking up and a voluntary ban on rough imports has reportedly helped clear the diamond pipeline.Business owners have brought in stricter sanitizing and social distancing protocols to control the spread of the virus.Pic shows workers at a Surat diamond factory

Recent News

Some mining stocks exposed to Burkina Faso take major hit

September 02, 2025 / www.canadianminingreport.com

Gold stocks again hit new highs

September 02, 2025 / www.canadianminingreport.com

Gold stocks reach new highs on metal price gain

August 25, 2025 / www.canadianminingreport.com

Rise in gold stocks propels TSXV Mining

August 25, 2025 / www.canadianminingreport.com

Market sees gold sector nearing full value overall after target upgrades

August 18, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok