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Diamond Trading Pact between Russia and India

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Indian Diamond trading pact between Russia and India
Diamond Trading Pact between Russia and India
11 th Apr 2014

In the near future there will not be any new diamond mines and as a result, Indian diamond trade has decided to make a pact with companies to get a good supply of raw materials. 

India being the world's largest diamond-processing nation and Russia being the world's largest rough diamond producer, the Indian Gem Jewellery Export Promotion Council (GJEPC) has made an agreement with Russian diamond miner Alrosa. 

An Indian think tank said that this pact will boost the size of the Indian diamond market up to 5 billion dollars. 

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