Sluggish economic growth around the world has worsened the crisis.
India's diamond processing hub of Surat employs at least a million workers to cut, polish and set the gems.
“Most ask for help to pay their rents or repay loans, or help them pay for their children’s education,” DWU president Ramesh Zilariya told The Straits Times. The conflict in Gaza implicating Israel has not helped either, as the country – a major diamond trading hub – is both an importer of polished diamonds from India and a supplier of rough cut diamonds.
An estimated 50,000 of the two million diamond industry workers in Gujarat are currently unemployed, with nearly 30,000 rendered jobless in the diamond hub of Surat alone. The situation for those who remain employed is also worrisome. “It looks like I will have to leave Surat and return to my village... If I can’t find a job, my debts will keep piling up here,” said Mr Chotliya, who has been looking for a job in the diamond industry but has yet to find one.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fifth Indian killed fighting in Ukraine for RussiaNEW DELHI: An Indian soldier died fighting with Russian forces in Ukraine, one of his relatives said on Monday (Jul 29), the fifth confirmed death so far of an Indian citizen in the conflict.
Read more »
Consultant Chan Fong Ying on improving food safety protocols amid spate of mass poisoning casesThe Singapore Food Agency has sent out a circular to remind food business operators to ensure food supplied is prepared hygienically and safe for consumption at all times. This, after the recent rise in the number of food poisoning incidents in the past week.
Read more »
Spate of 3 layoffs in 6 months lead to low morale among Citi Singapore staffCitigroup's CEO confirmed that the bank had cut about 7,000 jobs more than the 5,000 it had planned to. The bank reportedly has plans to axe 20,000 jobs over the next two years.
Read more »
Spate of 3 layoffs in 6 months lead to low morale among Citi Singapore staffCitigroup's CEO confirmed that the bank had cut about 7,000 jobs more than the 5,000 it had planned to. The bank reportedly has plans to axe 20,000 jobs over the next two years.
Read more »
Malayan tiger teeters on ‘brink of extinction’ as spate of deaths sparks alarmIt is native to Peninsular Malaysia, with fewer than 150 believed to be left in the wild.
Read more »
Hamas wants Gaza mediation based on past talksCAIRO: Palestinian militant group Hamas on Sunday (Aug 11), asked mediators to present a plan based upon previous talks instead of engaging in new negotiations for a Gaza ceasefire deal.
Read more »