G-20 delegates visit Mumbai's glittering diamond hub


Mumbai, Mar 28 (IANS): The Indian diamond industry played host to the G-20 Trade and Investment Working Group at the worlds largest diamond hub, the Bharat Diamond Bourse (BDB) in the Bandra Kurla Complex, officials said here on Tuesday.

The delegates went around the sprawling BDB spread across more than 20 acres of land with 2,500 offices, as the industry exports cut and polished diamonds worth $23 billion annually.

India exports diamonds and diamond jewellery to the whole world and 14 out of 15 diamonds set in jewellery worldwide are processed in India, through 85 per cent of the players who comprise the MSME sector.

The G-20 team went around the BDB, visited the Mumbai Diamond Merchants' Association (MDMA), India Diamond Trading Centre (IDTC), the Gem & Jewellery Export Promotion Council (GJEPC), the Gemmological Institute of India (GII), the Precious Cargo Customs Clearance Centre (PCCCC), as well as the Security Command and Control Centre.

They also visited a few major companies like Mohit Diamonds, Shree Ramkrishna Exports, Mahendra Brothers, Venus Jewel, Finestar Jewellery & Diamonds, Ankit Gems and Dharmanandan Diamonds, to get an insight into the trade, operations and its importance for the Indian economy and employment generation.

The Indian diamond industry is renowned for its skilled craftsmanship, cutting-edge technology, and a strong ecosystem, making it a key player in the global diamond industry and the G20 team witnessed first-hand the diamond industry's immense potential and the crucial role it plays in the global economy.

Among the industry leaders who met and interacted with the G-20 delegates were BDB President Anoop Mehta, GJEPC Chairman Vipul Shah and other bigwigs of various companies and associations.

 

  

Top Stories


Leave a Comment

Title: G-20 delegates visit Mumbai's glittering diamond hub



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.