Deal with Russia for direct sourcing of diamonds for India

Russia and India to strengthen trade ties in gem and jewellery trade, By signing long term contracts, which include an agreement on direct supply of rough diamonds from Russia.

Business leaders from the two countries will sign contracts during the World Diamond Conference during President Vladimir Putin’s visit.

As the world’s largest manufacturing centre for cut and polished diamonds India produces 85 percent of the world’s polished supply, and Russia is the world’s largest miner of rough diamonds.

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