Ernie Blom, president of the WFDB in this regard, said: "We had some very frank and productive discussions that cover a large part of the topic. We are determined to show the banks that look at the diamond industry as a high-risk sector is incorrect. We intend to achieve full compliance with the rules on anti-money laundering, and to promote the concept of "Know your customer" so that members of the industry and the banks to understand what is required of each of the parties. "
President of the Indian Diamond Bourse Anoop Mehta (Anoop Mehta) for his part said: "We continue to provide assistance to our members so that they could meet the requirements. We do not allow to carry out transactions involving cash. BDB appointed Chartered Accountants to provide free advice to all our members to help them become more organized and meet the banking rules. The key word in all of this is transparency, and we are doing everything possible to achieve this state of affairs. "
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Malabar Gold & Diamonds, one of the leading jewelry retailers in India, together with retail Internet company Flipkart has created a platform for selling gold, diamond and platinum jewelry through the worldwide network. Flipkart will be the first of the commercial Internet sites that will offer Malabar products on the Internet.
The cost of jewelry will be in the price range of about $ 50 - $ 2000, and by the season of festivals, customers will be offered about 1300 products.
Rishi Vasudev of Flipkart noted: "Jewelry in India is an important part of the purchases of citizens of our country during the festival season, and thanks to this partnership we will be able to offer our customers a choice from a variety of new jewelry."
He added: " Jewelry is one of our key categories, and we expect strong growth in this segment over the next six months.
This partnership will enhance our customer experience and will be a step towards creating an innovative platform for jewelry purchases through the worldwide network. " MP Ahammed, Chairman of the Board of Directors of Malabar Gold & Diamonds, said:" Flipkart access to The largest consumer base in the country became the key criterion for choosing a partner to create our first trading platform on the Internet. Our high brand value, unique design, customer-oriented approach, coupled with the efficiency and excellent performance of Flipkart will make our jewelry jewelry available to millions of consumers across India. "
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