India is the biggest diamond cutting and manufacturing center in the world. The market size worth Rs 80, crore of polished diamonds per annum. Basically, Gujarat, Surat, and Mumbai hold the major market share of the industry. The diamond processing sector of our country is a flourishing industry. Any individual can start a medium or large scale diamond processing and polishing unit with moderate capital investment. Here in this article, we intend to explore how to start a small scale diamond cutting and polishing business.
Plan to create diamond, jewellery manufacturing hub
Diamond Cutting & Polishing Business - How To Start - Guide
By Dineo Faku Nov 25, Chief executive Stanley Mandla Mnguni said the hub was developing a diamond beneficiation strategy. Mnguni urged lawmakers to review the effectiveness of legislation and to create a conducive environment for the industry, citing rigid laws and the low tax incentives as reasons for the decline in manufacturing. The State Diamond Trader's mandate to buy and sell rough diamonds and promote beneficiation was being undermined by the current legislation, the entity said. Operations manager Conrad van der Ross told the committee that more dealers than companies were focused on beneficiation, which contradicted the entity's mandate. Van der Ross said the low number of benefitiatingbeneficiating firms was because diamond dealers faced fewer restrictions in terms of exports.
Business Plan On Diamond Industry
Rocks by Request sells retail diamonds and settings with a unique combination of online searching and local store previewing, for both "high-tech" and "high-touch" diamond purchasing. This business plan is available exclusively in our award-winning Business Plan Pro software. Purchasing an engagement ring could be a hassle, especially for those who know little about diamonds.
Quality is the foundation upon which Venus Jewel was built. Every day we strive to meet the highest standards for cutting and polishing each diamond in our care. Every employee at Venus Jewel is accountable to the process of creating beautiful diamonds.