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

    Visualising every Saudi coalition air raid on Yemen

    Visualising every Saudi coalition air raid on Yemen

    Since March 2015, Saudi Arabia and a coalition of Arab states have launched more than 19,278 air raids across Yemen.

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Many Pentecostal churches in the Niger Delta offer to deliver people from witchcraft and possession - albeit for a fee.

    Why did Bush go to war in Iraq?

    Why did Bush go to war in Iraq?

    No, it wasn't because of WMDs, democracy or Iraqi oil. The real reason is much more sinister than that.