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Viva the Voice-印度致力于成为钻石交易中心
    2013-04-19 16:41:38     CRIENGLISH.com

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    "Over eighty percent of the world's rough diamond production comes to India. Not directly, but either through Dubai or through Antwerp. So it's just necessary that most of the primary producers of rough -- that means the people who own the mines -- they should have the offices here and sell the rough directly in India, so that the smaller -- the medium and smaller firms can take advantage of it."

    India, the world's biggest processor of diamonds, plans to develop a trading hub for rough diamonds, as it seeks to reduce dependence on existing centres like Dubai and Antwerp for raw material sourcing.

  Reeling under a record current account deficit to GDP, India has been trying to boost exports, of which gems and jewellery account for 15 percent of the total.

  Asia's third largest economy is expected to present its export import policy later in April.

  India, which cuts and polishes 11 out of every 12 diamonds traded globally, sources $24 billion worth of roughs from Dubai from Rio Tinto, De Beers and Russia-based Alrosa among others.

  In eastern Kolkata city, the vice chairman of the Gems and Jewellery Export Promotion Council (GJEPC) -- which represents more than 5,500 members and is part of the committee recommending policy to the government -- Pankaj Kumar Parekh, said that the country needs to encourage diamond traders to set up base in India.

    The trade body expects India's exports of cut and polished diamonds in the fiscal year to March 2014 to be 25 percent higher than current estimates of $16 billion, equivalent to 66 percent of total gems and jewellery exports.


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