Featured
Faizan Ansari
Faizan Ansari Takes a Spiritual Pause, Completes Sacred Umrah Journey
Why Raste Could Become One of the Most Important Automotive Startups of the Decade
Mr. Prem K. Vora
Mr. Prem K. Vora Honoured with Rashtriya Ashok Samman (Bharat Samman); Shares Vision for Viksit Bharat 2047
July 24, 2026
The Blunt Times The Blunt Times
  • National
  • City Events
  • Business Vibes
  • Education
  • Entertainment
  • Regional
    • Bharuch
    • Dang
    • Navsari
    • Surat
    • Valsad
    • Hindi
    • Gujarati
  • Health
  • Crime corner
  • Sports
  • Spotlight
Search the Site
Popular Searches:
Chatgpt Nasa Halloween
Recent Posts
How Team Cowork Is Helping Indian Businesses Register Across States Without Renting an Office-PNn
How Team Cowork Is Helping Indian Businesses Register Across States Without Renting an Office
July 24, 2026
Dr. Vivek Bindra
Dr. Vivek Bindra Honours MSME Entrepreneurs at Bharat Export Summit & Awards 2026, Highlights India’s Global Export Growth Potential
July 23, 2026
Delhi–Mumbai Expressway closed, the blunt times
Surat:Delhi–Mumbai Expressway Closed as South Gujarat Floods Worsen
July 23, 2026
The Blunt Times The Blunt Times
  • National
  • City Events
  • Business Vibes
  • Education
  • Entertainment
  • Regional
    • Bharuch
    • Dang
    • Navsari
    • Surat
    • Valsad
    • Hindi
    • Gujarati
  • Health
  • Crime corner
  • Sports
  • Spotlight
Follow us
DWUG Challenges GJEPC's $12B Claim Amid Industry Struggle
Home/City Events/DWUG Questions GJEPC’s USD 12 Billion Claim at IIJS
City Events

DWUG Questions GJEPC’s USD 12 Billion Claim at IIJS

Surat : The Diamond Workers Union Gujarat (DWUG) has questioned the announcement by the Gems and Jewellery Export Promotion Council (GJEPC) that the six-day long IIJS Premiere 2024 exhibition in...

Times News Network
August 21, 2024 2 Min Read

Surat : The Diamond Workers Union Gujarat (DWUG) has questioned the announcement by the Gems and Jewellery Export Promotion Council (GJEPC) that the six-day long IIJS Premiere 2024 exhibition in Mumbai generated a whooping $12 billion worth of business. DWUG stated that this announcement contradicts with the ground reality in the Surat diamond industry where the big diamond companies like Kiran Gems have announced 10-day vacation to combat the ongoing recession and the overproduction. 

Bhavesh Tank, the vice president of the union, has raised questions against this announcement and said that there is so much boom in the diamond and jewellery industry, then why the big diamond companies in Surat are shutting down their factories for 10 days in the name of recession. Why did the diamond companies exercise salary cuts for the diamond artisans? Why do the majority of the diamond units keep their units shut for two days in a week? Why are the industry leaders not taking actions against the factory owners for laying off diamond workers in the name of recession. 

Bhavesh Tank further said “A large number of diamond artisans have become unemployed due to recession and suicides are on the rise. The 10-day vacation announced by the diamond companies should be cancelled by the Surat Diamond Association and the GJEPC so that the livelihood of the diamond artisans is not affected”

Recently, the DWUG office-bearers met the Deputy Labor Commissioner and the Joint Director of Industrial Safety and Health Department, requesting that the diamond artisans be given vacation pay by the diamond companies who have announced 10-day vacation. 

According to DWUG office-bearers, Many companies in the diamond industry are laying off 25 to 50 artisans at a regular interval from the last many months, thereby disregarding the legal payoffs including bonus, allowances and other benefits under the Labour law.. Many small and big factories are closing down under the guise of vacation. 

“We have demanded that the Labour department should for a dedicated squad to conduct investigation in the diamond industry. In the last 18 months, about 65 diamond artisans have committed suicide and the diamond industry leaders, associations and the GJEPC has done little to help the bereaved families of the diamond artisans” said Tank.

Tags:

diamond artisansDiamond industrydiamond industry recessionDWUGGJEPCGJEPC IIJS Premiere 2024Kiran GemsSurat DiamondSurat diamond recession

Share Article

Surat Hira Bourse (SHB), operated by the Diamond and Gem Development Corporation Limited (DGDC) has taken proactive measure by drastically reducing its service charges by more than half.
Previous Post

Surat Hira Bourse Halves Service Charges Amid Recession

Former Surat district collector Ayush Oak is embroiled in fresh corruption allegations, this time for allegedly regranting government land in violation of established land allotment procedures
Next Post

More skeletons tumble out of Ex-Surat Collector’s closet

Picked
Meet Syed Muhammad Asim: The CEO Who Believes A $50 Entry Point Is More Honest Than A $50,000 Sales Pitch
Faizan Ansari
Faizan Ansari Takes a Spiritual Pause, Completes Sacred Umrah Journey
Why Raste Could Become One of the Most Important Automotive Startups of the Decade
Mr. Prem K. Vora
Mr. Prem K. Vora Honoured with Rashtriya Ashok Samman (Bharat Samman); Shares Vision for Viksit Bharat 2047
From an Idea to an Affordable Premium Brand: How Young Founder Samarth Is Building PoloTribe for India’s Modern Consumer
South Gujarat flood crisis, the blunt times
South Gujarat Flood Crisis: 43 Inches Rain Batters Umargam
Popular Posts
From an Idea to an Affordable Premium Brand: How Young Founder Samarth Is Building PoloTribe for India’s Modern Consumer
By TBT NEWS SERVICE
South Gujarat flood crisis, the blunt times
South Gujarat Flood Crisis: 43 Inches Rain Batters Umargam
By Times News Network
Palladian
Palladian Partners Advisory LLP Reports- Mumbai’s Redevelopment Pipeline Touches Rs 1.5 Lakh Crore, Set to Deliver 59,000 New Homes
By TBT Online Desk
Actor, entrepreneur and K Sera Sera Virtual Studio Director Vikrant Anand shared the stage with Bollywood actress Zareen Khan at a high-profile launch event, celebrating the debut of X Blue Jeans' latest collection.
Actor and K Sera Sera Virtual Studio Director Vikrant Anand Joins Actress Zareen Khan at Glittering X Blue Jeans Brand Launch
By TBT Online Desk
Union Bank Employees’ Welfare Association Supports Education of 108 Tribal Students -NPn
Union Bank Employees’ Welfare Association Supports Education of 108 Tribal Students
By TBT Online Desk
Leader
A New Age Emerging Leader Driving Disruption, Building Brands and Shaping India’s Retail Business
By TBT Online Desk

Read Next

Delhi–Mumbai Expressway closed, the blunt times
City Events
3,000 Rescued, Two Killed as Rains Wreak Havoc in South Gujarat
July 23, 2026
2 Min Read
South Gujarat flood crisis, the blunt times
City Events
South Gujarat Flood Crisis: 43 Inches Rain Batters Umargam
July 23, 2026
2 Min Read
Surat VIP Road floods, the blunt times
City Events
Luxury Address, Flooded Reality : Why Posh Areas in Surat Continue to Drown Every Monsoon
July 23, 2026
5 Min Read
Valsad rain update Gujarat, the blunt times
City Events
Valsad Drenched by 36 Inches Rain, Surat Evacuates 2,244 Residents
July 23, 2026
2 Min Read
The Blunt Times

The Blunt Times is a 24-hour news portal from Surat and south Gujarat. It was launched by senior journalist Melvyn Thomas, who has over 21 years of experience working with the top news organizations such as The Indian Express, The Times of India, and The Economic Times.

Popular
Meet Syed Muhammad Asim: The CEO Who Believes A $50 Entry Point Is More Honest Than A $50,000 Sales Pitch
July 23, 2026
Faizan Ansari Takes a Spiritual Pause, Completes Sacred Umrah Journey
July 23, 2026
Why Raste Could Become One of the Most Important Automotive Startups of the Decade
July 23, 2026
Mr. Prem K. Vora Honoured with Rashtriya Ashok Samman (Bharat Samman); Shares Vision for Viksit Bharat 2047
July 23, 2026
Categories
City Events
National
Business Vibes
Lifestyle
Spotlight
Education
Business
Regional
Entertainment
Health
Press Release
Sports

© 2026 All Rights Reserved, The Blunt Times

  • Terms of Service
  • Privacy Policy