On his first visit to the Diamond City event at Surat International Exhibition and Convention Centre (SIECC) last Friday (December 15) Andrei Zhiltsov, Consulate General of Russian Federation in Mumbai, invited diamond and jewelry manufacturers of the city “to set up manufacturing units in Russia to strengthen bilateral business model for exchange of rough diamonds”.
According to a report in Art of Jewellery, Zhiltsov said: “Russia is the world leader with 25% share in rough diamond production. Russian companies, including Alrosa, are unable to sell rough diamonds directly in India due to some unresolved tax issues by Indian government, but the diamond companies can get their due share of rough diamonds by setting up diamond manufacturing units in Russia”.
Zhiltsov added: “The Russian Federation government is keen to support Indian diamond manufacturers in setting up units in Russia”.
