India's first diamond exchange, which opens next week, expects turnover to rise 10-15 percent annually the next five years, challenging the dominance of traditional centres like Belgium and Israel.
According to the experts in the Diamond market, the country's diamond processing industry accounts for 70-75 percent of total diamond exports and employs 850,000 people, making it the largest cutting centre by value and number of employees. "All top 400 exporters are over here (at the bourse), which accounts for 90 percent of the turnover.
Diamond traders in Mumbai have already started gearing up to make Mumbai world’s largest diamond market.
Source: Economic Times
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