PRECIOUS STONES – RTN asia

Government to shut down 38-year-old Hindustan Diamond Co

2016-09-212016-09-21 | Roshan Ravi

The Ministry of Commerce & Industry said it has received approval from the Cabinet Committee on Economic Affairs for initiating the process of winding up of Hindustan Diamond Company Private Limited (HDCPL) a 50:50 joint venture of the Government of India and De Beers Centenary Mauritius Limited. The winding up of HDCPL is not likely […]

Diamond industry decides against stopping work for now

2015-07-07 | Deepti Rajan

Diamond industry associations jointly decided not to suspend imports of rough diamonds right now, and to deal with the issues facing the industry through further consultations. The industry considered clamping down on imports, but decided against it as “as the workforce in factories will be the first priority for the trade.” At present, the Indian […]