Hike in Diamond Wages to Lure Workers back from Rice Fields

By John Jeffay / July 04, 2021 / www.idexonline.com / Article Link

(IDEX Online) - Diamond manufacturers are increasing wages by as much as 10 per cent to entice migrant workers to return to Surat.Many thousands who returned to their villages because of the Covid pandemic are now busy sowing rice, maize, sorghum and other "kharif" crops.Production of polished diamonds in India is reportedly dropped by 20 per cent during the second wave of coronavirus, and has yet to fully recover.Manufacturing in may parts of India has been hit by curfews limiting the opening hours of industrial units.Dinesh Navadiya, regional chairman (Gujarat) of Gem & Jewellery Export Promotion Council (GJEPC) told the Economic Times newspaper: "Production of polished diamonds got affected in the second wave of covid and it is still down by 20 per cent. We want the migrant workers to return but unless the Kharif sowing is over, they are unlikely to come back."However he said reduced production would prevent inventory piling up.Pic shows rice planting in India

Recent News

Bullish bankers and bearish institutions split on gold forecasts

July 01, 2024 / www.canadianminingreport.com

Gold stocks down on flat metal price and mixed equities

July 01, 2024 / www.canadianminingreport.com

Snowline Gold reports Initial Resource Estimate

June 24, 2024 / www.canadianminingreport.com

Inflation subsiding and rate cuts starting internationally

June 24, 2024 / www.canadianminingreport.com

Inflation rebound continues to reverse

June 17, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok