In a historical development marking an important milestone in the relations between the Indian and Russian diamond industries, the Gem & Jewellery Export Promotion Council (GJEPC) of India and Russian diamond mining firm Alrosa signed a Memorandum of Co-operation (MoC) in the presence of India’s Prime Minister Narendra Modi and Russia’s President Vladimir Putin on June 1st.
Signed on the sidelines of the St. Petersburg International Economic Forum (SPIEF) in Russia, the MoC is seen as significant as it marks a leap forward in the co-operation between the two biggest entities representing two different segments of the diamond industry – India is the world’s largest diamond cutting and polishing centre with the greatest share in both value and volume terms, and Alrosa is the largest producer of rough diamonds on a volume basis. The cooperation between the two giants in the areas of generic marketing of diamonds will have a game-changing impact on the international diamond industry.
The MoC covers significant areas, including:
Trade Development
It was during the World Diamond Conference held in 2014 in New Delhi, in a session addressed by President Putin and PM Modi that the latter had made the announcement about the Government of India’s decision to set up a Special Notification Zone (SNZ). The first SNZ is up and running for viewing of goods from international mining companies within the complex of the Bharat Diamond Bourse (BDB) in Mumbai.
Diese Geschichte stammt aus der June 2017-Ausgabe von Solitaire International.
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Diese Geschichte stammt aus der June 2017-Ausgabe von Solitaire International.
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HK's 4,455+ Employees Take Part On International Yoga Day
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US Diamond Jewellery Demand Reaches $41 Bn
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