Indian Diamond Trading Centre Holds First Successful Test Shipment

Finance and Trade
17/11/2015 08:17

The India Diamond Trading Centre (IDTC), the first such trading zone to be set up in the country to trade rough diamonds under special laws, in the Bharat Diamond Bourse (BDB) in Mumbai recently completed its first test shipment. The test shipment, from Rio Tinto has now been re-exported back to the mining firm.

“This was done to ensure that all procedures and systems which have been put in place are working fine, so that we are in complete preparedness when the viewings commence,” explained BDB President Anoop Mehta. The Gem & Jewellery Export Promotion Council (GJEPC) and the BDB have set up the IDTC together, with the BDB being the operator of the SNZ.