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Production of polished diamonds in Surat declines by 25% in April

Production of polished diamonds in Surat declines by 25% in April SECTIONS Share Synopsis Production has taken a hit at a time when the trade is witnessing strong demand from the US and Chinese markets, diamantaires said. Getty Images Production of polished diamonds in Surat has declined by 25% in April compared with March due to rising Covid-19 infection among workers and exodus of migrant workers from the city in fear of the pandemic, industry insiders said. Production has taken a hit at a time when the trade is witnessing strong demand from the US and Chinese markets, diamantaires said. They are cutting down the import of rough diamonds as production has dwindled, which is likely to soften the prices of rough diamonds. India cuts and polishes 14 out of 15 diamonds in the world.

SEBI mulls a spot bullion exchange in Mumbai - The Hindu BusinessLine

SEBI mulls a spot bullion exchange in Mumbai April 20, 2021 Move could overlap with GIFT City’s plans Markets regulator SEBI is mulling a bullion spot exchange in Mumbai, a move that could clash with the plans announced by the Gujarat International Finance Tec-City (GIFT). The Securities and Exchange Board of India (SEBI) was designated to regulate the spot bullion market in February by the Finance Minister in the budget speech. SEBI has held two meetings with the National Stock Exchange, the BSE, the Multi Commodity Exchange and the National Commodities and Derivatives Exchange so far to discuss the matter, sources told

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