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This is an archive article published on January 21, 2009

Financial crisis in diamond industry claims another life

The prevailing financial crisis in the diamond industry has claimed another life,with a 22-year-old resident of Lilapar in Jasdan taluka of Rajkot allegedly committing suicide on Monday.

The prevailing financial crisis in the diamond industry has claimed another life,with a 22-year-old resident of Lilapar in Jasdan taluka of Rajkot allegedly committing suicide on Monday.

The deceased,identified as Haresh Ramani,ended his life by jumping into a village well,the police said,adding that the body was fished out on Monday night. This is the fifth incident wherein a jobless diamond polisher committed suicide in the Saurashtra region since December last year.

Preliminary investigations revealed that Ramani might have jumped into the well on Monday. “Postmortem report is awaited,” said a Jasdan police officer.

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The police said Ramani had been working at a diamond polishing unit in Jasdan and returned to his village Lilapar during the Diwali vacation.

While Amreli and Bhavnagar districts have become hubs for diamond polishing units in Saurashtra,in Rajkot,the industry has some presence on the outskirts of Rajkot city and across Jasdan taluka.

‘Sops likely for gems,jewellery industry’
Mumbai
: The Union government is considering some sops for the gems and jewellery industry and especially for the diamond workers of Surat,who are facing a tough time,Minister of State for Industry Ashwini Kumar said on Tuesday. “There are a number of proposals we are working on,especially for the diamond workers of Surat,who are facing difficulties.” The jewellery market in India is worth USD 30-billion,he said. The minister said the government is already working on implementing certain measures,but did not give details.

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