INSUBCONTINENT EXCLUSIVE:
sightholder at the Anglo American unit DeBeers, no longer features in that list
Gitanjali Gems, owned by Mehul Choksi, and his relative Nirav Modi are the prime accused in a fraud that involved the protracted misuse of
clients to be more robust
We asked them if they wanted to continue to be clients of ours, to produce IFRS set of compliant accounts, to produce audited stock
That has helped the banks to lend to our clients
time and we will continue to go down this journey
Such meetings with stakeholders happen twice a year, given that Indian clients are the largest buyers of rough diamonds mined by
Demand from our rough clients in India, many of them financed by Indian banks, still remains good
accounts for around 50 per cent of the global diamond jewellery market, China 14-15 per cent and India around 8 per cent
Jewellery Export Promotion Council (GJEPC), India imported rough diamonds worth $17.2 billion in the fiscal year through Feb 2018, 11.14%
higher from the same period of the previous fiscal.
