Diamonds are Mumbai's best friend

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

     

    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


    YOU MIGHT ALSO LIKE

    Interactive: How does your country vote at the UN?

    Interactive: How does your country vote at the UN?

    Explore how your country voted on global issues since 1946, as the world gears up for the 74th UN General Assembly.

    'We were forced out by the government soldiers'

    'We were forced out by the government soldiers'

    We dialled more than 35,000 random phone numbers to paint an accurate picture of displacement across South Sudan.

    Interactive: Plundering Cambodia's forests

    Interactive: Plundering Cambodia's forests

    Meet the man on a mission to take down Cambodia's timber tycoons and expose a rampant illegal cross-border trade.