According to the official statement of the Government of India on 21 September, the Government Committee for Economic Affairs approved the closure of the Hindustan Diamond Company Pvt Ltd (HDCPL) , a joint venture of the authorities of the country and De Beers Centenary Mauritius Ltd (DBCML) . The company is engaged in supplying diamonds to the needs of the Indian diamond industry.
According to the Government, the closing of the joint venture will probably not affect the supply of diamonds to Indian diamond cutters, since in recent years this type of industry is highly developed, and many companies in India have become sightholders De Beers and other diamond miners.
HDCPL, equal shares of which belong to the Indian Government and De Beers, was created in 1978. It is served by a small and medium-sized exporters of diamond jewelery, which did not have access to rough diamonds.
Also in the government's report said that the special customs zone on the territory of the Indian Diamond Exchange (Bharat Diamond Bourse) in Mumbai, established in 2015, allows a small Indian diamond manufacturers access to rough diamonds.
"Foreign mining companies have carried out demonstrations of their products to Indian diamond manufacturers Then they sell their products to Indian diamond cutters through online auctions from offices in other countries.", - noted in the committee.
http://traditionpearlnecklace.blogspot.ca/