A high-level Russian delegation headed by Deputy Prime Minister of Russia and the Envoy of the President of the Russian Federation in the Far East, Yuriem Trutnevym discussed closer cooperation between the diamond and jewelery industry in Russia and India, with the representatives of Export Promotion of gems and jewelry Council (Gem & Jewellery Export Promotion Council , GJEPC) and the Indian diamond Exchange (Bharat diamond Bourse, BDB).
The delegation, which visited the BDB in Mumbai, included a number of senior officials, including governors and ministers from different parts of the Far East region of Russia.
Chairman GJEPC Pravinshankar Pandya (Praveenshankar Pandya) and BDB President Anoop Mehta (Anoop Mehta) put forward concrete proposals to the Deputy Prime Minister and other representatives of the Russian side about the possible areas of cooperation. They suggested that the elimination of the high import duty on polished diamonds coming into Russia, will contribute to the growth of export production there jewelry.
Pandya said that the Russian jewelry have superior finish compared to many other European countries, but lags behind others because of the cost factor and because of import duties on diamonds, which are the key raw material. He also suggested that the two countries could reach an agreement, according to which the diamonds mined in Russia, and then polished in India, can then be re-exported to Russia, to provide raw materials for the jewelry industry.
The second proposal was related to the creation of the joint venture in equal shares between the Russian mining company Alrosa and the Indian industry for the exploration and production of diamonds in India, given the Russian experience in the field of diamond production. Mehta said that the joint venture can immediately consider the resumption of the project Bander (Bunder), which, as we know, has proven reserves of diamonds over 30 million carats.
For his part, Yuri Trutnev suggested that the Indian industry to look at the creation of the Far East and the lapidary enterprises to train Russian workers cut art. The delegation responded positively to the proposal and invited Trutnev Indian delegation to visit Russia next month for further talks.
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Chairman GJEPC Pravinshankar Pandya (Praveenshankar Pandya) said: "IIGJ is of fundamental importance in the creation and education of future generations of masters segment of gems and jewelry This industry has grown rapidly over the years due to domestic and international requirements, we are also taking a number of important.. initiatives in this area, such as the training of the existing workforce to gain experience of international experts to work with the leading manufacturers, as well as the development of more efficient and more cont workplace vinutyh systems. "
Speaking at the event, Professor Iyer said: "We are pleased to collaborate with IIGJ and offer India's first program of Masters training in the field of precious stones and jewelery We Welingkar always believed in the development of talented professionals who can be the industry leaders of tomorrow With the help of these.. course, we can contribute to the program "Made in India" as qualified and trained workers will always be needed in the industry of gems and jewelry. "
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