Jatin Mehta, a diamond and jewellery tycoon, is reportedly taking his fight to a London court in the UK to undo a worldwide freeze on his assets after bank fraud allegations.

Report: Diamond tycoon Jatin Mehta moves UK court to unfreeze assets worldwide after fraud charges

Macroeconomic and geopolitical tensions are impacting many industries in the world but there are some sectors that are still positive and optimistic about growth prospects. One such company is global diamond giant De Beers. WION's Business Editor Sumit Chaturvedi spoke to Mark Jacheet, CEO, De Beers Brands on diamond industry.

Cautiously optimistic about growth of diamond industry, says Mark Jacheet

Diamond mining giant De Beers is likely to have to cut jobs, its chief executive said on Thursday, as it outlined plans for an overhaul of its business after the coronavirus hit jewellery demand.

Diamond giant De Beers likely to cut jobs after COVID-19 hit

The rising cases of coronavirus have hit the diamond industry of Surat in Gujarat. Surat diamond industry which is one of the largest diamond industry in the world has now been brought to half of its earlier capacity. Exports are the hardest hit. Watch report:

India's diamond industry faces the brunt of coronavirus

Experts are believing that the Surat diamond industry could face losses of Rs 8,000 cr. This is because Hong Kong and China are integral to India's diamond export. Polished diamonds of worth Rs 50,000 cr are exported from Surat to Hong Kong every year.

Coronavirus hits Surat diamond industry

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