India could emerge as global diamond trading hub: Modi
The Dollar Business Bureau Lauding Gems and Jewellery Export Promotion Council of India (GJEPC) for playing a pivotal role in making India a global hub for diamond cutting and polishing, Prime Minister Narendra Modi on Sunday said that India’s giant stride in gems and jewellery exports could complement its potential to emerge as an international diamond trading hub. Addressing the International Diamond Conference in Mumbai, Modi said, “India has made rapid strides since the GJEPC was set up 50 years back. India is now the world's largest manufacturer of cut and polished diamonds, and gems and jewellery sector is one of the leading sectors in the country in terms of the value of exports as well as employment generation.” India’s diamond manufacturing and ...
Alrosa to begin direct supply of rough diamonds to India in 2015
The Dollar Business Bureau Direct diamond trade between India and Russia is expected to benefit both countries Russia’s state-owned diamond mining company Alrosa will begin direct supply of rough cut diamonds to 12 Indian companies for three years beginning 2015, according to India’s Gems and Jewellery Export Promotion Council (GJEPC). Alrosa claims that it has the world’s largest rough diamonds reserves accounts for 27% of global diamond production in terms of carats. The company targets to produce over 40 million carats by 2020. It has presence in major diamond trading centres of Antwerp, Ramat Gan, Dubai, Hong Kong, New York, and London, and is likely to begin operations in India soon after the establishment of a Special Notified Zone (SNZ) for ...
