Sam Walsh, CEO of London-based Rio Tinto Group has had three discussions with Indian Prime Minister Narendra Modi on the planned $500 million Bunder diamond mine in the state of Madhya Pradesh in central India, and the Odisha iron ore project in eastern India. “We’re waiting for approvals, forestry and...
Tiffany to Process Diamonds in Nagpur
Premier jeweler Tiffany & Co is planning to invest $10 million in a diamond processing unit to be located in a Special Economic Zone in Nagpur, Maharashtra in Central India. Construction of the 200,000 square foot facility to be located inside the Multi-modal International Cargo Hub and Airport Nagpur began this...
Diamantaires flourish in Saurashtra with 24/7 electricity
According to the Economic Times, in the villages of Bahoya, Adsang, Bagda, and Abhrampara near Amreli, in Western India the diamond cutting and polishing industry had faltered due erratic power supply. Large-scale migration ensued, but nine years later, in the present time, business is flourishing. The 24/7 power supply ensured...
India is now Top 3 market for Men's Jewelry
India : the 3rd largest men’s luxury jewelry market Fancy bracelets, rings, studs and chains are fast becoming part of the fashion statement for India upscale city-dwelling males, who have already added fairness creams to their repertoire. The following comments are excerpted from The Economic Times Jeweler C Krishniah Chetty...
India opens world's largest diamond-trading center
The new location of the Bharat Diamond Bourse extends over 20 acres in Mumbai's Bandra Kurla Complex. The bourse's eight nine-story towers hold 2,500 offices, and the BDB reports that 2,275 have already been allotted to diamond companies, over 900 of which are official bourse members. The total space at...