One of the most precious natural resources is the diamond. This is the gemstone that has become significant economically, politically, scientifically and socially as well as culturally. The value chain of diamonds employs millions of people around the world along with the jeweler sales alone. IT has been seen the diamonds has always been in the state of globalization. As per the economic history, the industry of diamonds began in the 1800’s, when an accidental search of diamonds kicked off an exploration, mining, and a trading boom that has led to the existence of the most important and successful association.

Diamond-Market-News

The Diamond Market News has brought a reason for cheer to the individuals, who love to buy diamonds, but are unable to buy, as it is beyond their means. The Indian commodity exchange has will soon launch a systematic investment plan for which they have got permission from the SEBI, in order to start this trading bourse. According to this plan, the individuals need to pay a sum of Rs.900 every month and can own high quality diamonds. This plan has been designed especially for the retail buyers.

As per the latest news of diamond industry, there are possibilities of rise in the polished inventories, as a result of steady manufacturing. Also, it has been reported that there would be stability in the retail sales of jewelry ahead of festivals in the month of October. A majority of the diamonds in the world come from the sources that make use of the revenues that have been generated from diamonds, so as to help for their national development. Diamonds enact as a vital source of revenue for building essential social services as well as building infrastructure with the help of appropriate governance and laws.

The latest news on the diamond industry is that the former Prime Minister, Mr. Narendra Modi called upon the industrialists in Surat to make their country India, as a leading manufacturer and provider of the diamonds and gems in the jeweler sector. The Surat is popularly known as the “diamond city” of India. Also, he stated in his speech that the jewelry designed in Surat by them must be promoted to the people across the globe. He said that our designers have the potential to attract the people across the world. He said that his prime aim is to transform India in one generation and make it a preferred destination for manufacturing of diamonds.

India has been a historical centre of diamonds always. Earlier the merchants from different countries used to exchange their goods and gold for the sake of Indian diamonds. India is the country, which is a global leader in the undisputed global markets. The entire business of diamonds is concentrated and controlled by several families who are followers of Jainism. These individuals play a prominent role in the trade and finance. The jewelry industry of India is export oriented. This is because; the Indian jewelers or designers make use of the latest equipment and elements of computer design.