Amid all the hype and claims of economic revolution in the country in last 9 years, a Surat based diamond trader was forced to throw away his diamonds on the streets after getting frustrated over failure to create demand for his business in the current challenging business environment. Scores of people are seen collecting the throw diamond from the streets. We can now imagine the dire state of the diamond industry in Surat which has been hit by dwindling exports. #Gujarat
A video showing a set of people searching for something on the road is viral with the claim that a Surat-based diamond trader was forced to throw away his diamonds on the streets after getting frustrated over failure to create demand for his business in the current challenging business environment.
— তন্ময় l T͞anmoy l (@tanmoyofc) September 25, 2023
What is the truth?
When searching with relevant keywords we found that the people in Surat were searching for diamonds after a rumour spread in the area. Ahmedabad Mirror reported that rumours spread initially in Surat’s Varachha area that an unidentified diamond trader had dropped a pack of diamonds worth crores. After this, locals gathered and started searching for the diamonds on the road.
Some even collected diamonds from the road. However, the Economics Times reported that they were not CVD diamonds but rather diamonds typically used in embroidery work. The same is also reported by India Today.
A trader told TOI: “The incident took place at 9am when the market was about to start for the day. People gathered all over the road from Khodiyarnagar to Mini Bazaar in Varachha. Some traders also reached there to check if the diamonds were real or fake. However, they turned out to be fake diamonds. Actually, they were plastic diamonds used in embroidery or imitation jewellery.”
The article further states that there were also rumours in the market that the demand for diamonds were dropped in the market as the rates of CVD diamonds had reduced in the past few days.
It is found that people started searching on the road in Surat after a rumour about a diamond merchant dropping a pack of diamonds on the road broke out. The same is shared on social media along with the video of the scenes of locals searching for diamonds. However, some ended up collecting nothing and some ended up collecting American diamonds, not the real ones.