Diamonds

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Diamonds - Total results - 44
Coronavirus: Surat diamond industry stares at Rs 8,000 cr loss in next two months as Hong Kong declares state of emergency
Business

Coronavirus: Surat diamond industry stares at Rs 8,000 cr loss in next two months as Hong Kong declares state of emergency

The Surat diamond industry is likely to face a loss of around Rs 8,000 crore in next two months as Hong Kong, which is a major export destination, has declared a state of emergency due to the coronavirus outbreak in China, say experts

Nirav Modi, aides forged diamond sales to siphon off huge funds from PNB; HSBC, audit firm questioned fugitive's deals: Probe report
Business

Nirav Modi, aides forged diamond sales to siphon off huge funds from PNB; HSBC, audit firm questioned fugitive's deals: Probe report

In 2011, Modi's shadow company Unique allegedly transferred Rs 7.13 crore to his another company namely Synergies.

PNB fraud case: Govt to auction rare art belonging to Nirav Modi; MF Husain's work among assets to come under hammer
Business

PNB fraud case: Govt to auction rare art belonging to Nirav Modi; MF Husain's work among assets to come under hammer

Indian tax authorities raised about $8 million in an auction conducted last year by Saffronart of rare oil paintings that were seized from Modi.

French luxury group LVMH, US jewellers Tiffany announce $16.2 bn tie-up
Business

French luxury group LVMH, US jewellers Tiffany announce $16.2 bn tie-up

LVMH and US jewellers Tiffany announced Monday a $16.2 billion tie-up that is the French luxury group's biggest-ever acquisition and will bolster its presence in the United States

Does automobile sector need more sops, weak demand makes market tough for cement firms; all this and more on Moneycontrol Pro
Business

Does automobile sector need more sops, weak demand makes market tough for cement firms; all this and more on Moneycontrol Pro

The Indian automobile industry is down in the dumps, the likes of which it has not seen in two decades.

American jeweller Tiffany & Co to enter India; will open stores in Delhi, Mumbai in partnership with Reliance Industries
Business

American jeweller Tiffany & Co to enter India; will open stores in Delhi, Mumbai in partnership with Reliance Industries

Iconic American jeweller Tiffany & Co said it will enter the Indian market in partnership with billionaire Mukesh Ambani's Reliance Industries and plans to open its first store in Delhi this year and one in Mumbai next year

India to play active role in evolution of Kimberley Process to strengthen trade, manufacture of diamonds
Business

India to play active role in evolution of Kimberley Process to strengthen trade, manufacture of diamonds

Diamonds which were called blood or conflict diamonds have been almost completely excluded from global trade

Diamonds are cooked up as Earth recycles minerals below the ocean floor: Study
science

Diamonds are cooked up as Earth recycles minerals below the ocean floor: Study

Some diamonds, despite being far less appealing to jewelers, reveal a lot about the environment they are formed in.

Rupee depreciation: Why currency trade with 'vulnerable' countries is the antidote to dependency on US dollar
Business

Rupee depreciation: Why currency trade with 'vulnerable' countries is the antidote to dependency on US dollar

The rupee trade is any day better than the hare-brained idea of curbing non-essential imports which are bound to invite retaliation on a wide front

Bengaluru: I-T department seizes cash, diamonds worth Rs 11.7 cr, gold bars in Bowring Institute's lockers
India

Bengaluru: I-T department seizes cash, diamonds worth Rs 11.7 cr, gold bars in Bowring Institute's lockers

Cash, diamonds and gold bars worth several crores of rupees have been found in three lockers of the Bowring Institute, an elite club, in Bengaluru, according to the secretary of the club Srikanth.

Planning to purchase diamonds? Insist on invoice to avoid being given a synthetic stone, say jewellers
Business

Planning to purchase diamonds? Insist on invoice to avoid being given a synthetic stone, say jewellers

Concerned over the alleged sale of synthetic diamonds under the guise of real diamonds, jewellers here have cautioned people against purchasing the precious stones without invoice so as to avoid duplication

GJEPC denies four-fold surge in imports of cut and polished diamonds, says there has actually been a 4.3% decline
Business

GJEPC denies four-fold surge in imports of cut and polished diamonds, says there has actually been a 4.3% decline

Actual imports of cut and polished diamonds for this period stand at $1,527.43 million, and represent a decline of 14.44 percent as compared to $1,785.17 million for April-November 2016.

PNB Fraud Case: How Nirav Modi's employees colluded with bank officials to create fake LoU
India

PNB Fraud Case: How Nirav Modi's employees colluded with bank officials to create fake LoU

In its note, the agency has made a startling revelation that even top officials of the PNB beginning with the zonal to head office was aware of the business dealing with Nirav Modi's companies and the assertion that top officials were ignorant has been neutralized by the probe agency.

PNB fraud case updates: CBI calls around ten Punjab National Bank officials for questioning in Mumbai
India

PNB fraud case updates: CBI calls around ten Punjab National Bank officials for questioning in Mumbai

The Central Bureau of Investigation (CBI) made its first high-profile arrest in the Rs 11,400 crore alleged Punjab National Bank (PNB) scam on Tuesday, taking into custody Vipul Ambani

PNB fraud: CBI arrests Nirav Modi's head of finance Vipul Ambani, 4 others; jewellery firm executives under scanner
India

PNB fraud: CBI arrests Nirav Modi's head of finance Vipul Ambani, 4 others; jewellery firm executives under scanner

India's federal investigating agency on Tuesday arrested another five executives as it swooped down on companies run by two main suspects in an alleged $1.8 billion bank fraud case that continued for six years.

First big arrest in Punjab National Bank fraud: Vipul Ambani held by CBI
India

First big arrest in Punjab National Bank fraud: Vipul Ambani held by CBI

The CBI arrested Vipul Ambani, the president (finance) of Nirav Modi's Fire Star Diamond, in connection with Rs 11,384 crore fraud in Punjab National Bank (PNB), making it the first high profile arrest in the case, officials said.

PNB scam updates: Gitanjali Gems to shut down completely; employees protest after being asked to leave
India

PNB scam updates: Gitanjali Gems to shut down completely; employees protest after being asked to leave

Nirav Modi has said PNB's ”overzealousness” shut the doors on his ability to clear the dues. He also said the dues were much less than what the bank has claimed.

PNB scam: I-T notice to Abhishek Singhvi over unaccounted pay of Rs 4.5 crore; Nirav Modi's Alibaug bungalow searched
Business

PNB scam: I-T notice to Abhishek Singhvi over unaccounted pay of Rs 4.5 crore; Nirav Modi's Alibaug bungalow searched

PNB scam took a new turn when Congress leader Abhishek Manu Singhvi's received a notice from the Income Tax dept over unaccounted payment of Rs 4.5 crores.

Punjab National Bank scam: From 'suave trader' to serial swindler, Nirav Modi has been thoroughly exposed
India

Punjab National Bank scam: From 'suave trader' to serial swindler, Nirav Modi has been thoroughly exposed

Nirav Modi is betraying all the signs of a hardened criminal. His mask of a suave trader who flew high with even higher-flying celebrities is slipping off to reveal what lies underneath: A swindler without a conscience, an immaculate trickster and fraud.