Indian companies ink pact to buy $2.1 billion diamonds from Russia

[luckych]

Indian companies ink pact to buy $2.1 billion diamonds from Russia

Twelve Indian companies will buy diamonds worth USD 2.1 billion in the next three years directly from Russian diamond mining giant ALROSA

Russia is the world's largest producer of diamond, while India is the world's biggest manufacturing centre for cut and polished diamonds.

India meets its rough diamond requirement from Dubai, Antwerp and Belgium. The pact on direct supply gives an edge to Russia over these countries.

Read more at:
Indian companies ink pact to buy $2.1 billion diamonds from Russia - The Economic Times

 

[Stephen Cohen]

This is some seriously good news adding some much needed sparkle to our friendship

 

[Hamartia Antidote]

More trouble for deBeers.

 

[SrNair]

More trouble for deBeers.

Explain it?

Indian companies ink pact to buy $2.1 billion diamonds from Russia

Twelve Indian companies will buy diamonds worth USD 2.1 billion in the next three years directly from Russian diamond mining giant ALROSA

Russia is the world's largest producer of diamond, while India is the world's biggest manufacturing centre for cut and polished diamonds.

India meets its rough diamond requirement from Dubai, Antwerp and Belgium. The pact on direct supply gives an edge to Russia over these countries.

Read more at:
Indian companies ink pact to buy $2.1 billion diamonds from Russia - The Economic Times

Now that is the real effort for spiking trade relations.

 

[Gufi]

Anything to stop the trade of blood diamonds is a good step