Business Matters | How will West's upcoming sanctions impact India's diamond industry? | The Hindu
21,051
Published 2023-04-05
Government data shows that India is the leader in cut and polished diamonds. India processes more than 90% of the diamonds used in jewellery worldwide. Indian exports of finished diamonds come to $23 billion annually. The diamond sector in India employs 1 million people directly. It indirectly impacts 5 million jobs.
Russian firm Alrosa sells up to $4 billion worth of diamonds every year. US and G7 have been working to see how they could cut off Russian supplies and nullify revenue to them. The US Treasury Department had earlier said that anyone dealing with Alrosa would face criminal charges.
How will the West's imminent sanctions impact India's diamond industry?
Script and presentation: K. Bharat Kumar
Production: Shibu Narayan
Videography: Johan Sathyadas
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#diamond #india #export
All Comments (21)
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An unblemished & glistening Presentation as like a 💎 Thank you, Sir!
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Great analysis! I’m a diamond merchant and this is accurate.
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Very minutely explained the past and present of the Diamond industry. Excellent communication.
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Didn't know this!..thank you!
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Wow metro ofcourse it is safer environment friendly gentle and much more comfortable ...no competition at all god bless you all
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✨Thanku sir ✌️
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You should have said about lab made diamond and how India can do here. After all many of your viewers are shareholders of vaivab global and goldiam
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Wow Thats New for me, so When ever west need to Propose , India have to polish and send Diamonds to west😀. India controlling their proposal. if India can mine Raw diamonds and converted it to fine Jewelry. India can decide the price.
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Good 👍😊
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What a video ,, pls continue making such buissness videos
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mining of diamond happened in india the rest of the w9rld had no knowledge of this
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No business....no supply....very difficult nowadays....
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🔥🔥🔥
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you are also a gem sir
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Theree should be business matters hashtag too it iwll be easy find videos from that
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"ram and parshuram fight!!"
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No budy can defeat Russia✌️🤩 G7 or G194🤣🤣
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Hindi me vdo banao
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Only non godi media
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Surat is going to be Badsurat 😅
