The diamond industry directly or indirectly employs nearly 80,000 people. The diamond cutting and polishing industry will be closed for 15 to 20 days. Diamond units across the city have gone on vacation just a few days after the start of the Diwali vacation at schools. Diamond units began closing operations on Friday, and Saturday will be the last working day before Diwali for the majority of the units, according to TOI.
The diamond cutting and polishing industry will take 15 to 20 days off, depending on the unit's policy. The majority of the units will be on leave for at least 15 days. There are approximately 3,000 small and large diamond operations in the city, with 800 of them employing more than 500 people each. The diamond industry directly or indirectly employs nearly 80,000 people. The majority of employees and business people in the city's diamond industry are from Saurashtra. Many of them are likely to visit their homes in Saurashtra during their vacations.
"Like every year, the vacation will last 15 to 20 days, and the units began shutting down operations on Friday." "All units will be closed after Saturday," Damji Mavani, secretary of the Surat Diamond Association, was quoted by TOI as saying. The business is stable, as is the global diamond market. Because they have orders to complete, the units will quickly resume activity. Mavani added that some small businesses with access to polished diamond stock may decide to extend the holiday by a few days.
This year, as in previous years, the industry will be closed for the same days; the typical vacation is 15 days. The Indian Diamond Institute's chairman, Dinesh Navadiya, predicted that the industry would resume normal operations between November 5 and November 10.