Diamond

When fake news started a diamond rush in Surat

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Gujarat’s Surat saw a manic situation on Sunday after fake news about a trader throwing diamonds on roads began circulating, leading to a diamond rush in the city’s Mini Bazaar area.

As per a report in The Times of India, rumors began to circulate around 9 am on Sunday, with whispers that an unlikely trader had tossed CVD (a type of lab-grown diamond) gems onto the road after they reportedly plummeted by a staggering price 30%.

Word of this potential windfall quickly spread, prompting a rush of people eager to collect the diamonds. However, it was later

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Diamond

Surat’s diamond units reopen after recession-induced long holidays | Letter News

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Diamond factories of Surat have resumed operations from Monday after a recession-induced Diwali vacation of 36 days — the longest ever. All diamond factories are expected to become fully operational by the first week of December, say traders and businessmen.
The office of the Surat Diamond Association also reopened on Monday.

Generally, Diwali vacation in the diamond industry lasts for 20 days. However, due to the poor demand for diamonds in the international markets, especially in the US, the workers were sent on vacations early this year; October 21 was the last working day for the Surat factories.

“There is

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Diamond

Shooting gold medallist Michael Diamond’s gun tires upheld, dashing hopes for 2024 Paris Olympic qualifiers

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An Olympic shooting gold medallist has lost his chance to compete in the 2024 Paris Olympics after a New South Wales tribunal upheld a decision to refuse his gun license application.

Michael Diamond, 51, had his Category A firearms license revoked in 2018 after he was found guilty of firearms and drink driving charges in Port Stephens in 2017.

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