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Market NewsNewsIndian diamond manufacturers eying cutting & polishing in Russia

Indian diamond manufacturers eying cutting & polishing in Russia

India's diamond manufacturers are looking at setting up cutting and polishing units in Russia for easy access of rough diamonds from Alrosa mines as the central government has yet to come up with a tax structure to enable the country's diamond trade to directly purchase rough diamonds from the special notified zone (SNZ) at Mumbai's Bharat Diamond Bourse, Economic Times reported. 

KGK Diamonds has announced setting up of cutting and polishing unit in Vladivostok in Russia and two more leading diamond com, the Economic Times report said. 

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