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How the Nirav Modi scandal will affect diamantaires

Today the diamond industry is worried. Everybody is concerned that the NiravModi scam will put their business in trouble and tarnish the image of the industry.

Diamonds to Dust: Here are the diamond tycoons who got embroiled in controversies

From Nirav Modi, who is at the centre of a Rs 11,400 bank fraud, to Michel Desaedeleer, here’s a list of diamond tycoons who got embroiled in controversies.

Import duty hike to have short term impact on watch industry: Seiko India COO

But it is too early to determine the overall impact or decide whether to increase the price of watches, Niladri Mazumder said.