Advanced Search

Mumbai Bourse to Shut Amid Covid-19 Spike

Apr 5, 2021 5:12 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

Mumbai’s Bharat Diamond Bourse (BDB) is closing until further notice after the regional government imposed a statewide lockdown because of rising coronavirus infections.

The Indian state of Maharashtra has introduced a night curfew and a full weekend lockdown in response to the virus’s rapid spread. The restrictions go into effect at 8 p.m. local time Monday.

The BDB has asked members to collect necessary belongings on Monday and turn off their office utilities, it said in an announcement to members the same day.

Maharashtra, home to more than 100 million people, has become India’s Covid-19 epicenter. On Sunday, authorities announced 57,000 cases in the state, the highest for one day since the start of the pandemic. Officials had been warning that a lockdown was unavoidable if the numbers continued to increase.

The BDB initially shut in March 2020 after a first Covid-19 wave that froze India’s diamond industry during the second quarter and forced manufacturers to close. The sector gradually opened, with polishing factories operating at full capacity in recent months.

Image: The Bharat Diamond Bourse. (Rapaport News)
Tags: \Bharat Diamond Bourse, BDB, Coronavirus, COVID-19, Maharashtra, mumbai, Rapaport News
Similar Articles
Rapaport LogoRapaport Weekly Market Comment
Aug 11, 2022
News: Diamond market cautious amid China slowdown and US economic uncertainty. Polished prices declining. Inventory
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2022 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.