NEW DELHI (PTI): Indian diamond dealers have proved that they are among the biggest in the world reports the “Economic Times.”
B.Arun Kumar and company an Indian firm dealing in diamond polishing and cutting has become: the global carat czar, 2 position held for decades by Jewish firms.
A spokesman forebears, the south African giant who dominates world supply of diamonds has acknowledged that the Indian company was among their top two clients:
For the Indian diamond polishing and cutting companies seizing the baton from Israeli hands is a major achievement.
Indians from Surat have traditionally dealt with smaller, inferior stones and by cutting and polishing rejects have showed De Beers a way of making money out of virtual debris. In appreciation of these skills they company appointed Indians as sight holders. By 1992, there were 40 Indian sight holders compared to just one Japanese. The biggest firms reached annual series of dollar250 million and at least two turnover of over dollar 500 million.
Article extracted from this publication >> June 4, 1993
