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Rough diamonds from MP mines may be auctioned in Surat

Rough diamonds from mines in Panna district of Madhya Pradesh could soon be auctioned in Surat, the hub of India’s diamond cutting and polishing industry.

A team from the National Mineral Development Corporation of the Government of India, which runs the mines in Madhya Pradesh, is expected to come to Surat on August 26 to carry out a survey ahead of conducting such an auction.

There are large deposits of diamonds in the mines in Panna district, which the diamond merchants of Surat consider are of good colour, clarity and purity.

The Gems and Jewellery Export Promotion Council (GJEPC) has begun talks with the operation head of the diamond mining project, and put forward a proposal for the auction of rough diamonds in Surat. “We have requested them to come to Surat to auction rough diamonds.

They will come on August 26 for a survey and check out our (GJPEC) infrastructure,” GJEPC Gujarat regional chairman Dinesh Navadia said. “We have taken an entire floor in Gujarat Hira Bourse at Ichhapore in Surat on rent for the purpose of auctioning of rough diamonds.

We have developed (facilities on) the floor and named it the Surat International Diatrade Centre.”

Courtesy - Indian Express

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