"Out of World's every 10 diamonds - 9 Processed in India"

[TejasMk3]

No wonder, they give these diamond merchants can give Diwali bonuses like this : Diwali bonus: 500 cars, 200 flats given by this Gujarat boss to his employees : India, News - India Today (okay it's more like a loyalty program, but still)

 

[Not Sure]

The total amount of gems and jewellery exported from India in 2013-14 was worth $39 billion, of which $24 billion were diamond.

Incidentally 24 billion is entire exports of Pakistan.



You can not comprehend properly, or unable to do the math it seems:


India imported 163.11 million carats of rough diamonds worth $16.34 billion in 2013 and exported 36.46 million carats of polished diamonds valued at $20.23 billion.

They still have more than 100 million carats in hand.
And that's lot of money.

You have absolutely no idea how diamond industry works.

 

[mehboobkz]

You have absolutely no idea how diamond industry works.

Go and learn the basics of 4Cs first.

 

[Indrani]

Antwerp is business center, we are way to far in replacing Antwerp.
But yes India (Surat, Gujarat) is doing 90% of processing job, its more like offshore job work.
And Mumbai is trading center for diamonds, like how antwerp is.

Business in Antwerp is dominated by Jains. It is only a matter of time they shift to India.

 

[greatone]

All that work for only $4 billion profit.

4 billion is difference in cost of procuring raw material and selling price of final product.It does not include cost of running the whole operation so actual profit is way less than 4 billion.

On a side note, India used to be the only source of diamonds in the world as recently as 1896 but the British mined out all the diamonds during their short rule.

 

[Armstrong]

@SarthakGanguly @scorpionx @Skull and Bones @Sidak - Bhai ko eikk bhii diamond nahin bheejaaa ?

 

[Indrani]

Business in Antwerp is dominated by Jains. It is only a matter of time they shift to India.

Establishing diamond hub in Mumbai may help Russia-India trade | Russia & India Report

@SarthakGanguly @scorpionx @Skull and Bones @Sidak - Bhai ko eikk bhii diamond nahin bheejaaa ?

They are all Bengalis. Puchna hai tho Gujaratiyon se pucho.

 

[punit]

All that work for only $4 billion profit.

BAHOT kam hai na!!

 

[Skull and Bones]

@SarthakGanguly @scorpionx @Skull and Bones @Sidak - Bhai ko eikk bhii diamond nahin bheejaaa ?

Gareebo ka mazaak mat udao

 

[thesolar65]

@SarthakGanguly @scorpionx @Skull and Bones @Sidak - Bhai ko eikk bhii diamond nahin bheejaaa ?

@levina Didi kahan gaye?? Unko nahin puchha??

Gareebo ka mazaak mat udao

Mere liye "American Diamod" challega!!

 

[Sugarcane]

When it will become 10 out 10 than we will send Sir Zaid Haimd on his white horse

 

[xyxmt]

The total amount of gems and jewellery exported from India in 2013-14 was worth $39 billion, of which $24 billion were diamond.

Incidentally 24 billion is entire exports of Pakistan.



You can not comprehend properly, or unable to do the math it seems:


India imported 163.11 million carats of rough diamonds worth $16.34 billion in 2013 and exported 36.46 million carats of polished diamonds valued at $20.23 billion.

They still have more than 100 million carats in hand.
And that's lot of money.

compare your exports, quality and quantity and amount, with China.

 

[Chanakya's_Chant]

compare your exports, quality and quantity and amount, with China.

Yes we do - and in the meanwhile you should compare your exports, quality and quantity and amount, with Bangladesh if not India maybe

 

[OrionHunter]

Diamonds are a girl's best friend. No wonder I'm treated as a second rate citizen at home!!

 

[Jaat Rock]

When it will become 10 out 10 than we will send Sir Zaid Haimd on his white horse

Please NO Ghazwa-e-Hind