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Mumbai-based SRK has joined global efforts to protect the environment and turned off their lights at all of its facilities during Earth Hour, this past Saturday.
At 8.30 pm on March 27, homes, companies and municipalities across the world turned off their lights for an hour, sending a message on the strength of individual action to tackle climate change.
“Our generation has inherited an incredibly beautiful world from our parents and they from their parents. It is in our hands whether our children and their children inherit the same world,” SRK’s said in a release hours before the event.
Global landmarks such as the Sphinx and Pyramids at Giza, the Eiffel Tower in Paris and the Gate of India in Mumbai switched off their lights in support of the campaign.
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http://www.idexonline.com/portal_FullNews.asp?SID=&id=33865 |
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Coping With Crisis
The positive economic outlook is a far cry from
this time in 2009, when the slump in global demand for diamonds forced Surat’s
factories to close or downsize and a string of suicides related to those job
losses ensued. India’s diamond industry collectively froze all rough diamond
imports for a month in December 2008 as a means to manage the crisis and
manufacturers were faced with the dilemma of how to respond to the newfound
quiet.
Govind Dholakia, the founder of SRK, recalled that
management at his company had considered laying off up to 50 percent of its
staff when the recession hit, but narrowed that estimate to 20 percent and
eventually, to zero. “We realized that 20 percent of our staff accounted for
just 10 percent of total salaries and that the cuts wouldn’t make much of a
difference in the long run,” he explained. Instead, the company, which currently
employs 5,000 people, gave its staff extended vacation time, which enabled it to
save on other operating expenses, and managed to get through the downturn
without issuing any layoffs. The decision paid off and Shree Ramkrishna is now
in the process of building a new facility that will enable it to accommodate
approximately 7,000 workers across all of its operations.
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http://www.diamonds.net/News/NewsItem.aspx?ArticleID=30147 |
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SRK won
the SAIL HR Award in recognition of its people practices. The large Indian-based
diamond manufacturer was ranked 14 among the top 25 companies cited for their HR
best practices. The award was given in collaboration with one of the country's
leading business schools, the Indian Institute of Management, Ahmedabad (IIM-A).
The SAIL Excellence Awards are given in recognition of the "work done by any
company in the past five years to effectively manage its talent through
outstanding, innovative and cost effective talent enhancing practices that have
contributed to the intellectual capital or other forms of capital formation of
the organization, society or nation."
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Following the establishment of its
Hong Kong branch office in 2004, Indian diamond manufacturer and exporter Shree
Ramkrishna Export (SRK Export) has set up a distribution office in mainland
China to further foster its development in the Southeast Asian market.
“Southeast Asia is a huge market, where we have a large customer base. Our
distribution office in Shanghai can provide better, efficient and timely
services to our clients in China,” emphasised Rahul Dholakia, managing director
of the company, which also has diamond distribution offices in India, Belgium
and Israel.
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SRK, India’s
40 years old and one of the most technologically advanced diamond manufacturing
company started its newly developed website called srkexport.com to apply break
from their old monotonous, conservative & orthodox view of website, earlier
being called www.shreeramkrishnaexport.com Srkexport.com, the official website
of SRK contains a ready resource of information on upcoming
diamond related news & events, corporate social responsibilities and its grading
parameters.
Go to Full Article:
http://www.thenewjeweller.com/Shree_Ramkrishna_Export_Re-Launches_New_Website.html |
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According to Govind Dholakia,
Chairman, SRK, “During the recession there was panic in the
industry. Many people were sceptical about running their businesses on regular
lines and incurring losses of up to 20, 25 or even 30 per cent. Playing a wait
and watch game, they reduced their production. With that their business
disintegrated.”
Go to Full Article:
http://www.diamondworld.net/contentview.aspx?item=4338 |
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“SRK’s human capital is its
principal asset and we are delighted to be recognized and win this award. The
organization’s innovative HR practices in today’s dynamic environment help it
attract and retain the best available talent. We are committed to creating a
culture of performance and growth among its employees,” Govind Dholakia,
chairman of SRK Export, said. "We work not like corporate firms, but like a
family; each and every employee of our firm has direct access to its chairman,”
he added.
Go to Full Article:
http://www.diamonds.net/News/NewsItem.aspx?ArticleID=28249 |
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SRK re
launched their website, shortening their domain name from
shreeramkrishnaexport.com, to srkexport.com. Among the additions, the new
website has resource information on upcoming diamond related news and events,
corporate social responsibility and diamond grading parameters. Another feature
is a discount of up to two percent off the total purchase price for single
stones. Buyers who choose to conduct their business solely online will be able
to garner another one percent discounting point. SRK Chairman Govind Dholakia
explained his company's approach to the new website and described the motivation
behind it. "Truthfulness of product management, coupled with a constantly
upgraded technology and a highly motivated team of artisans are some of the
features that makes our organization one of the best in the industry” The
company, founded in 1976, has two factories in Surat, India and is an ISO
9001-2008 certified company. SRK focuses on the production of diamonds in the
0.03-10.00 carat range, ranging from D to J colors of IF to piqué clarity and
diamonds in the 0.30-10.00 carats range, mainly in D to J colors of IF to SI2.
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http://www.idexonline.com/portal_FullNews.asp?TextSearch=&KeyMatch=1&id=32932 |
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SURAT: If all goes well, the long
cherished dream of Surtis, especially the wealthy Patel diamantaires from
Saurashtra region, to get a direct flight between Surat-Bhavnagar-Rajkot could
be a reality in the next two months. "I think the private airliner would get a
minimum of 500 passengers from Surat to Bhavnagar and Rajkot. It will be a huge
success in Surat," said Govind Dholakia, chairman, SRK.
Go to Full Article:
http://timesofindia.indiatimes.com/articleshow/4632559.cms |
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SRK has
won the SAIL HR Award in recognition of its people practices. The large diamond
manufacturer, based in India, has been ranked 14 among the top 25 companies
cited for their "HR best practices." The award was given in collaboration with
one of the country's leading business schools, the Indian Institute of
Management, Ahmedabad (IIM-A). SRK Chairman, Govind Dholakia linked his
company's HR practices to their ability to attract a high performance skilled
workforce. "SRK’s human capital is its principal asset and we are delighted to
be recognized and win this award. The organization’s innovative HR practices in
today’s dynamic environment help it attract and retain the best available
talent. We are committed to creating a culture of performance and growth among
its employees.” Dholakia went on to express the feelings of family shared by his
employees and promoted by the company, which make it stand out. "We work not
like corporate firms but like a family, each and every employee of our firm has
a direct access to its chairman.” The SAIL Excellence Awards are given out in
recognition of the "work done by any company in the past five years to
effectively manage its talent through outstanding, innovative and cost effective
talent enhancing practices that have contributed to the intellectual capital or
other forms of capital formation of the organization, society or nation."
Go to Full Article:
http://www.idexonline.com/portal_FullNews.asp?TextSearch=&KeyMatch=1&id=32836 |
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RAPAPORT...
De Beers launched its Diamond Trading Company (DTC) accredited business program,
naming four nonsightholders to the project: Livingstones; Premier Diamond
Cutting Ltd.; Richold SA; and SRK. Premier did not reapply
for the current DTC sightholder contract period and the other firms lost their
sightholder status this period. DTC spokespersons said these companies were
fully compliant with De Beers Diamond Best Practice Principles, which means that
they have demonstrated a commitment to business, social and environmental best
practices. The four companies agreed to participate in the associated Assurance
Program, which incorporates independent, third-party verification of their
compliance.
Go to Full Article:
http://www.diamonds.net/News/NewsItem.aspx?ArticleID=23573 |
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The Diamond Trading Company (DTC)
announced Wednesday that four diamond firms have joined the new DTC Accredited
Business Programme. The four are Livingstones, Premier Diamond Cutting Ltd,
Richold SA and SRK. Members of the program are able to
“enjoy wide ranging support from the DTC and can promote their participation in
the program status in their diamond business activities,” the DTC said in a
release. Further details about the program were not immediately available and it
is not clear if it includes a supply of rough diamonds. According to DTC Sales
and Client Services Director Mahiar Borhanjoo, a number of “very strong
applicants” did not become Sightholders because the DTC did not expect to have
enough rough diamonds to meet demand. “These four companies have been DTC
customers of good standing over many years and we are pleased to be able to
maintain and build upon our relationships with them,” Borhanjoo said, adding,
“we are proud to publicly endorse them as outstanding businesses that have
committed to high standards of ethical and professional behavior.” The DTC said
that to achieve accredited status, the four companies have met the same
stringent Best Practice Principles (BPP) requirements as DTC Sightholders. All
four companies are former DTC Sightholders.
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SRK has
launched its online marketing service - Srkexport.com, a B2B platform for sale
of diamonds. The company plans to maintain a diamond stock of 5,000 to 6,000 in
numbers, and of a variety beginning from 0.30 carats onwards, always. It would
also sell diamond jewellery through this link. As a promotional offer, the
company is offering a 2 percent discount on purchase. As a marketing initiative,
the company intends to promote the name Srkexport.com as its identity in B2B
transactions and not limit it to a website url. A well planned marketing
campaign is being premeditated for the new service.
Go to Full Article:
http://www.diamondworld.net/contentview.aspx?item=2967 |
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Indian diamond and jewelry
manufacturer SRK recently launched a new online B2B
diamond selling website at the recent India International Jewellery Show 2008.
Srkexport.com includes an inventory of diamonds from 0.30 carats and above, as
well as jewelry collection. “We plan to maintain around 5,000 to 6,000 stones
inventory on our website at any given point,” noted Rahul Dholakia, SRK managing
director. Shreyans Dholakia added, “Our website is not designed as any other B2B
portal but our website is a complete pack with user friendly options. We have
already started promoting it aggressively and a huge marketing campaign is on
the way. We will be promoting it as our B2B brand and not just a website.” To
attract customers, the company is currently offering a 2 percent discount on
online purchases, Rahul Dholakia added.
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Finally, among the many
philanthropic activities of SRK is a girls’ school in Surat,
which educates those in need for free in honor of the company’s founder, the
late Shri. Virjibhai, who dreamt of educating girls. SRK is
also associated with six other schools in India. As the company says simply,
“success multiplies when shared,” a philosophy shared by many other Indian
firms.
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A leading diamond manufacturer and
exporter in India, SRK, recently acquired its 100th rough
planning machine from Sarin, making it the first Sarin customer to achieve this
goal. SRK is headquartered in Mumbai and has manufacturing
facilities in Surat. It has marketing affiliates in the USA, Europe, and Hong
Kong. The company specializes in ideal cut diamonds. "Advanced technology and
continuous product innovation help us to remain competitive in this changing
world," stated SRK Chairman, Govind Dholakia.
Go to Full Article:
http://www.israelidiamond.co.il/english/news.aspx?boneid=918&objId=1927 |
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RAPAPORT...
The inspiration for the Divine Cut, which was created by Girish Patel, comes
from the sense of spiritual peace and enlightenment that was prevalent in the
1960s. The shape of the Divine Cut is almost like a curved drop of water. It is
featured in a branded line of jewelry manufactured in Mumbai by the Jewel Goldi
company, a division of the SRK group.
Go to Full Article:
http://www.diamonds.net/News/NewsItem.aspx?ArticleID=18873 |
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RAPAPORT...
Mumbai-based SRK reached a milestone for Sarin
Technologies LTD as the diamond firm purchased its 100th rough planning machine.
SRK was Sarin's first client to date to reach the triple digit figure. SRK's
Partner and Director of Sales and Marketing, Rahul Dholakia told Rapaport News
that the precision of the new machines allows the company to "derive the maximum
yield from a rough diamond to polished stone." "We know which cut with the
maximum weight and the number of stones is possible to get from particular
rough," he said. "As compared to manual processes the cut and parameters are far
more accurately obtained from Sarin," Dholakia said. SRK's list of Sarin
machinery is valued at $3.5 million, which prompted Israel's Sarin Technologies
CEO Zeev Leshem to present the company with an honorary plaque for the vote of
confidence.
Go to Full Article:
http://www.diamonds.net/News/NewsItem.aspx?ArticleID=17315 |
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Indian diamond and jewelry
manufacturer SRK recently launched a new online B2B
diamond selling website at the recent India International Jewellery Show 2008.
Srkexport.com includes an inventory of diamonds from 0.30 carats and above, as
well as jewelry collection. “We plan to maintain around 5,000 to 6,000 stones
inventory on our website at any given point,” noted Rahul Dholakia, SRK managing
director. Shreyans Dholakia added, “Our website is not designed as any other B2B
portal but our website is a complete pack with user friendly options. We have
already started promoting it aggressively and a huge marketing campaign is on
the way. We will be promoting it as our B2B brand and not just a website.” To
attract customers, the company is currently offering a 2 percent discount on
online purchases, Rahul Dholakia added.
Go to Full Article:
http://www.idexonline.com/portal_FullNews.asp?TextSearch=&KeyMatch=1&id=31025 |
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Diamond firms have produced countless diamond cuts down the years, but a cut
symbolizing 1960s spirituality, flower power and peace is a unique one that
Indian Sightholder SRK hopes will strike a chord with
modern-day diamond jewelry buyers.
The firm introduced its Divine Cut collection at the JCK Show that ended last
week, and Business Development Manager Girish Patel, who conceived the cut, said
it received a strong response.
Patel said the company has so far invested $100,000 in the Divine Collection
campaign and that could rise to as much as $1 million in its first year
depending on the market's response to the cut.
A combination of Marquise and Pear cuts, the 63 faceted diamond "takes the shape
of the divine creator, inspiring spiritual freedom and inner peace", Patel said.
"A combination of 6 and 3 is the number 9 which is considered supreme in all
faiths."
The new cut, is being produced in sizes of 0.20 carats and up in color I and
above and SI quality and above. Patel said the new cut gives maximum fire,
brilliance and dispersion.
"We are happy with the response at the JCK show and now we are testing the U.S.
market to see what the response is," Patel said. "We are concentrating on
America for now and if all goes well we may launch into the Japanese market," he
said, adding price points would start at $299 for wholesalers.
The Divine cut will not be sold as loose diamonds but only as part of the
Divine collection which features rings, earrings and pendants.
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http://www.idexonline.com/portal_FullNews.asp?TextSearch=&KeyMatch=1&id=24198
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The Diamond Trading Company (DTC)
launched its 2005-2008 Supplier of Choice list on June 9, 2005; however, as
public policy DTC does not make the list public initially. DTC will provide the
full list on its extranet website (for members only) in late July 2005, and
publish member names publically in January 2006. At this time DTC told Rapaport
News that they are considering an electronic (only) version in January, however
the decision is not yet final. The following companies have confirmed to
Rapaport News that they are sightholders as of June 11, 2005. We will update the
list as we continue the confirmation process.
• SRK
Go to Full Article:
http://www.diamonds.net/News/NewsItem.aspx?ArticleID=12476 |
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Pravin Kukadia, partner of V. Goldi
Ltd. in Israel, recalled how eight years ago, there was one-way traffic of
Indians flying to Israel to buy polished. Now, flights are full of Israelis
going to India to buy polished and Indians coming to Israel to buy rough. He
said his firm even supplies Israelis in Israel with polished from Mumbai, a very
big centre for polished, both in terms of supply and in local demand. Another
competitive edge India has is the speed with which business is done. If Israeli
traders do not get their percent, they do not sell. “We’re less expensive in
polished because of cheap labour, low manufacturing costs, equipment costs and
even office supplies,” Kukadia stated. Kukadia commented that V. Goldi’s parent
company in India, Shree Ram-krishna Export, is a major sightholder; however, he
buys rough in Israel — mainly 1+ carats in all sizes and clarities, both
expensive and medium goods — to feed demand from their Indian polishing factory
with its 6,000-strong workers. .
Go to Full Article:
http://www.diamonds.net/News/NewsItem.aspx?ArticleID=9559
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