Diamonds are Mumbai’s best friend

State-of-the-art trading centre could help India strengthen hold on diamond market.

india diamonds exchange

 

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