Many pieces of the diamond market are yet to be identified


- Comma

- Export of diamonds has started to stop. Importers are the same in the world and the demand for diamonds has increased by 15-20 percent annually, but it has now shifted to other countries.

The Indian diamond market is a thriving national industrial enterprise. The market has dimmed for the last three-four years due to a person like Nirav Modi in this market. Multiple hawala scams have become a natural pattern across the diamond market. The government is also keeping a watchful eye on the diamond market. Various legal battles are being orchestrated by the BJP to teach a lesson to the industrialists who were with the Congress in the last assembly elections. Officials delve into revenue documents from the seventh floor to find loopholes in the administration of industrialists to the ruling party.

The revelation of a Nirav Modi chapter does not end the cleanliness drive in the diamond market, as government donations are still not enough to systematically update the diamond business. The government does not have an autonomous SEBI-like regulatory body or vigilance vision to regulate the diamond market. After some time some shocks start coming in the diamond market. If nothing else, the government, harboring a political grudge, introduces a diamond king to life behind bars. After Nirav Modi absconded with billions of rupees from the Indian diamond market, the government continued its round of raids and arrests just to show its wasted influence. Diamonds are not forever seems to be the motto of the NDA government. They only love their power forever, forever!

In South Mumbai's crowded Charni Road station, many restaurants with glitzy names like Hira Mahal or Blue Diamond have international DTC site holders raking in crores while indulging in the iconic Idli or Mumbai's favorite vada panu. Once upon a time, this area was the hub of India's diamond market players, where five to seven thousand generations thrived, with the largest camp being the Palanpuri Jains. But those times have now become a history like the caves of Elephanta. Mumbai's air has crossed the Gulf of Khambhat to play with Surat's diamond industry. Just as Mumbai's diamond market was collapsing due to the continuous negative attitude of the Maharashtra government, the Gujarat government's policy has now started the collapse of Surat's diamond industry. Nirav Modi's farewell can be said to be an eternal farewell for India, because he is not a person who will come to India in his lifetime like Alya and Mallya. Officials of the Indian government sometimes say things which mean that the thief comes by himself, the police or the government has nothing to do.

It is a gradual development of the concept of the name Dawood that we started to meet its heirs in the tradition of Dawood Ibrahim in airlines, diamond market as well. Despite many efforts by the India Diamond Burse, the diamond industry is yet to be freed from the frequent political eclipse. Nirav Modi is also a shadow of some political mandhata. Who keeps giving safe passage to scammers is no longer the subject of research. In the Indian diamond market, small and large size Nirav Modis are still seen doing swarvihar. After the Punjab National Bank scam, banks have stopped providing overdraft services or loans to businessmen who really feel the need. As the companies of Nirav Modi and his relative Mehul Choksi were suspended, ten thousand employees lost their lives and are still missing.

On the other hand, the export of diamonds has started to stop. There are only so many importers in the world and the demand for diamonds has increased by 15-20 percent annually, but now it has shifted to other countries. The original luster of the Indian diamond industry has now been dusted by persistent storms. The market itself has also contributed to this decline. The diamond market also has the same nature as the stock market. These markets give birth to the coin, shape it, nurture it, and then take it to explosive heights like no other. There are many more such numbers in Surat and Mumbai. The original bank managers used to give loans to players after seeing a few parcels of diamonds (actually small pieces) and the business was on. Even small fish grains are now scarce due to the commotion caused by large crocodiles. Now many industrialists prefer to retire from the diamond market and switch to other products.

Former Finance Ministers like Arun Jaitley have done a lot of damage to the industry, which has come close to accounting for 75 percent of the world's total diamond exports, employing approximately one million people. He let BJP's hatred towards the diamond market come to light. Thus, E.S. In 2007, the then Finance Minister P. Chidambaram abolished all import duties on cut and polished diamonds. Due to this, the business of imported diamonds reached 21 billion dollars. Imports came down to $14 billion due to demonetisation and GST. The number two operations in the diamond market have also increased. The surprising thing is that despite not being a diamond producing country, India also exports rough diamonds worth billions of rupees. Rough diamonds from countries like Australia, Africa etc. are up for auction in the global diamond market Antwerp (Belgium). This is the official route of diamonds from place of origin to market.

But in the middle of that route, diamonds reach other countries including India and are then exported from there. Indian merchants buy goods from Antwerp, but like the milk business, they export far more than they import. Just like the number of milch animals and the quantity of milk produced, we sell many times more milk and the people consume it with pleasure. The government cannot see these secrets of milk and diamonds.

In the diamond industry, synthetic or chemical vapor deposition (CVD) artificial diamonds are also adulterated. These fake diamonds look like real diamonds and are 75% cheaper. It is the same in the world. Even though the government has tried to control fake diamonds by banning them, unsuspecting customers in the retail market in the guise of rich people end up wearing fake diamond jewellery.

Even in this business of stealing fake diamonds by telling the truth, many numbers are seen succeeding. The diamonds that come to India from the west coast of Dubai are shipped from Congo, Zimbabwe and Sierra Leone and involve the intervention of some armed conflict groups. Right now, the underground revolution taking shape in African countries is being funded by the West Coast of Dubai. What Pandurang Shai called diamond artists, meaning gem artists, the Hiraghasus are master craftsmen. After the development of technology, both their skills and professions have improved. Surat used to be the capital of the Indian diamond market, but not anymore, as now it is a town of industrialists falling victim to disunity and political tyranny. Surat no longer fights for profit, but for virtue.

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