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Central & South Asia
Diamonds are Mumbai's best friend
State-of-the-art trading centre could help India strengthen hold on diamond market.
Last Modified: 21 Oct 2010 09:12 GMT

 

India has opened what has been called the world's largest diamond trading centre this week in Mumbai.  

Eighty-five per cent of all the rough diamonds in the world pass through India for cutting and polishing and Indian gems and jewellery exports have grown 18 per cent to $29bn in 2010.

Now the country hopes the centre with state-of-the-art infrastructure will help to further compete with other exchange hubs like Antwerp and Tel Aviv.

Al Jazeera's Prerna Suri reports.

Source:
Al Jazeera
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