logo
episode-header-image
Sep 2023
26m 23s

Diamonds in the Rough: Unravelling A Mul...

THE ECONOMIC TIMES
About this episode

India's massive diamond industry is grappling with a prolonged crisis. Western sanctions on big miner Russia, inflation in the US and a downturn in China have hit the industry which cuts and polishes nine of ten diamonds in the world. Exports from the world's top diamond exporter are down; companies are cutting output, salaries and staff. In Surat, that controls 90% of India's diamond trade, the fates of thousands of workers hang in balance. Several have died by suicide. Team TMB travels to the heart of the diamond business and talks to merchants, brokers, workers, and a union leader to understand the issues that now face this centuries-old industry. Listen to this episode of The Morning Brief with host Anirban Chowdhury!

 

If you like this episode from Anirban Chowdhury, check out his other interesting episodes on Acing Space: After Chandrayaan 3, India Leaps for the Sun, Tesla's India Test Drive: The Facts vs Faff, Battle of the bikes: Harley Davidson vs Royal Enfield and more!

You can follow Anirban Chowdhury on his social media: Twitter and Linkedin 

Catch the latest episode of ‘The Morning Brief’ on ET Play, The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Google Podcasts

See omnystudio.com/listener for privacy information.

Up next
Today
Bihar’s Contentious Voter List Shake-up
A sweeping revision of Bihar’s voter list has stirred debate. The Election Commission’s first Special Intensive Revision in over 20 years demands new, unfamiliar documents from thousands within just 30 days. Critics call it rushed, exclusionary, and potentially unconstitutional. ... Show More
27m 21s
Jul 8
Nightmare on Jane Street
In a significant development, SEBI has barred Jane Street, one of the world’s leading proprietary trading firms, from participating in Indian markets. The action follows concerns over aggressive options trading strategies and suspected manipulation, particularly around Bank Nifty ... Show More
25m 23s
Jul 4
Unseen, Unpaid, Undervalued: The Reality of Women’s Work
Women regardless of privilege or education continue to shoulder the invisible burden of caregiving and domestic work. They may appear independent and empowered but behind the scenes, most women are still doing it all, unpaid and unacknowledged. In this conversation host Apoorva M ... Show More
21m 44s
Recommended Episodes
Jan 2024
The Red Sea Global Shipping Crisis & CEOs Warn of AI "Hiroshima"
Episode 239: Neal and Toby discuss the latest shipping news in the Red Sea and why the unrest has majorly impacted global trade. Plus, the biggest quotes to come out of Davos and Georgians are upset over a controversial $400 million monkey breeding facility. The guys share their ... Show More
28m 57s
Apr 2024
The diamond market disrupted
Diamond output by the mining giant De Beers is down 23% this quarter. Demand is slowing as a bounce from the coronavirus pandemic wears off and synthetic diamonds eat into market share. Today on the show, we try to understand the market for diamonds. Also, we go short Charles Dic ... Show More
12m 53s
Jul 2020
Diamond Wars | The Future of the Diamond Industry | 8
Today we conclude our Diamond Wars series. These precious stones are known to be undeniably beautiful, rare and a symbol of luxury. But diamonds have also been associated with war, human rights abuses and death. In response, consumers these days are demanding more transparency ab ... Show More
20m 49s
May 2024
🫠 “Promotion, Pay Raise, or Taco Tuesday?” — The secret to job satisfaction. Netflix’s NFL Christmas gift. Wayfair’s 1st megastore.
Job satisfaction just hit a record high 62.7% in America, but it also revealed a strange paradox — More Americans prefer company culture than a promotion or pay raise.Netflix just gave itself the biggest Christmas gift of all: NFL football games for the next 3 Christmases — But N ... Show More
23m 18s
Jul 2020
Diamond Wars | The Alchemists | 7
It’s the 2000s and the diamond cartel is dead. Now, De Beers must adjust to its new status as the market leader rather than the monopoly. But the threats to its business aren’t going away.  Diamonds are losing their luster with the young, and Zimbabwe’s undermining the industry’s ... Show More
25m 58s
Jul 2021
47 - The Resurgence of Africa's Conflict Diamonds
Diamonds have been used to pay militias and rebel groups for decades due to their ease of transportation, global demand, and reliable value. After diamonds fuelled conflict across Africa, the Kimberley Process was created to stop the use of conflict diamonds, but its limitations ... Show More
1h 11m
Jun 2024
Silicon Valley Loves Trump's Tax Plan & GameStop Tanks After 'Roaring Kitty' Stream
Episode 340: Neal and Kyle chat about Trump’s plan to win over Silicon Valley by expanding his 2017 tax breaks for corporations. Then, another British invasion is happening… This time, in the newsrooms. Why are the English stepping into the helm of major American newspapers? Next ... Show More
29m 21s
Jun 2019
327. News: Boom Time
This week we have some really interesting stories for you as David and Simon are joined by a couple of great guests: Gary Turner, a friend of the show and Co-founder and MD of Xero Helene Panzarino, MD of Rainmaking Colab Norris Koppel, CEO of Monese We kick off the episode by ta ... Show More
1h 6m
May 2024
How deepfakes in India are changing the world’s largest election
From the resurrection of dead leaders, to cloned voices of politicians and Bollywood stars, political campaigns are shaking up India’s general election by heavily investing in AI technology. Could it be a blueprint for elections everywhere?  In this episode:  Nilesh Christopher, ... Show More
18m 20s
Sep 2023
Casinos Losing Millions in Minutes & Tech Titans Hit Capitol Hill
Episode 147: Neal and Toby chat about the big hack that hit Las Vegas casinos causing millions of loss revenue for multiple days. Then, the Monday Night Letdown for the NY Jets has sparked the debate of whether the NFL should invest in grass fields instead of astroturf to protect ... Show More
28m 47s