Dharmanandan Diamonds Pvt. Ltd.
| Private | |
| ISIN | 🆔 |
| Industry | Diamond cutting and trading |
| Founded 📆 | 1985 (as Shreeji Gems)[1]1993 (rebranded)[1] |
| Founders 👔 |
|
| Headquarters 🏙️ | , Mumbai , India |
Area served 🗺️ | Worldwide |
Key people |
|
| Products 📟 | Cut and polished diamonds |
| Services | Diamond manufacturing; trading |
| ₹5,052 crore (FY2024)[2] | |
| Members | |
Number of employees | ~7,500[3] |
| 🌐 Website | https://www.ddpl.com |
| 📇 Address | |
| 📞 telephone | |
Dharmanandan Diamonds Pvt. Ltd. (DDPL) is an Indian diamond cutting and trading company headquartered in Mumbai, Maharashtra, with manufacturing operations in Surat. DDPL cuts and exports polished diamonds from India.[4] The company has been referenced in international media in relation to Surat’s diamond market, concerning the impact of U.S. tariffs and shifts in global demand.[5][6] It is also noted for its adoption of blockchain based supply-chain traceability and the development of synthetic diamond detection instruments through its subsidiary DRC Techno.[7]
History
Dharmanandan Diamonds began in 1985 in Surat under the name Shreeji Gems and adopted its present name in 1993.[1] The business was formally incorporated as a private limited company on 31 August 2007.[2] Since 2008, DDPL has been a De Beers sightholder, which provides the company with direct access to rough diamonds.[8]
In February 2015, company chairman Laljibhai Patel attracted national attention by purchasing Prime Minister Narendra Modi’s pin-striped suit at a charity auction for ₹4.31 crore for Clean Ganga mission initiative.[9]
In 2024–25, DDPL and other Surat-based exporters were reported in international business media as being affected by falling global demand and new U.S. tariff measures. Reuters cited DDPL executives warning of a 20–25% revenue decline due to these factors,[5] while The Wall Street Journal reported the company had cut production in response to reduced overseas orders.[6]
Technology and Innovation
In 2017 DDPL launched Diamond Time-Lapse, a blockchain enabled traceability program designed to record each stage of a stone’s processing from rough to retail. In 2018 The Times of India reported that Surat-based manufacturers, including DDPL, were among the first in India to adopt blockchain for diamond supply-chain transparency.[10] DDPL’s research arm, DRC Techno, introduced the “D-Secure” lab-grown diamond detector in 2015, reported as the first device able to screen both loose and mounted stones (0.003–10 ct) for HPHT and CVD synthetics.[11][12] followed by Enhanced versions D-Secure Plus and J-Secure.[13]
Corporate social responsibility
The company undertakes a river-linking and rainwater-harvesting project in Ugamedi, Bhavnagar district. By joining the Keri and Sonal rivers through a 2.5-km pipeline and constructing three large ponds, the initiative has aimed at addressing water scarcity in the region and benefits about 10 villages and 1 lakh bigha (≈ 17,000 ha) of farmland.[14]
See also
References
- ↑ 1.0 1.1 1.2 "DHARMANANDAN DIAMONDS : Moving Ahead in Measured Strides". Diamond World. 18 June 2012. Retrieved 24 July 2025.
- ↑ 2.0 2.1 Dharmanandan Diamonds Private Limited; Long-term rating downgraded to [ICRA]A- (Stable) and short-term rating reaffirmed (Report). ICRA Limited. 30 September 2024. Retrieved 24 July 2025.
- ↑ "Diamond company gives away life-insurance policy worth ₹100 crore to its employees". The Times of India. 18 October 2016. Retrieved 24 July 2025.
- ↑ "Dharmanandan Diamonds Pvt Ltd – Company Profile and News". Bloomberg. Retrieved 24 July 2025.
- ↑ 5.0 5.1 "Empty offices, lost orders: India's diamond hub stands idle as steep US tariffs loom". Reuters. 26 August 2025. Retrieved 24 July 2025.
- ↑ 6.0 6.1 "'Diamond City' Thousands of Miles From Ukraine Is Rocked by War". The Wall Street Journal. 2024. Retrieved 24 July 2025.
- ↑ "Surat-based diamond companies begin to adopt blockchain technology". The Times of India. 4 March 2018. Retrieved 24 July 2025.
- ↑ "De Beers Customer Directory: Dharmanandan Diamonds Pvt Ltd". De Beers Group. 16 May 2008. Retrieved 24 July 2025.
- ↑ Mukherjee, Neelam (20 February 2015). "Dharmanandan Diamonds' Hitesh Patel wins PM Modi's suit with Rs 4.31-cr bid". The Economic Times. Retrieved 24 July 2025.
- ↑ "Surat-based diamond companies begin to adopt blockchain technology". The Times of India. 4 March 2018. Retrieved 24 July 2025.
- ↑ "Surat firm develops machine to detect fake diamonds". The Times of India. 10 September 2015. Retrieved 24 July 2025.
- ↑ "Cost-effective synthetic diamond detector launched". Jeweller Magazine. 15 September 2015. Retrieved 24 July 2025.
- ↑ "DRC Techno delivers diverse diamond detection solutions". Jeweller Magazine. 29 July 2019. Retrieved 24 July 2025.
- ↑ "Bhavnagar village sets example in river interlinking". The Times of India. 15 November 2014. Retrieved 24 July 2025.
External links
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