One of the larger Indian diamond manufacturers, importer/exporter and De Beers Sightholder M. Suresh has opened a diamond cutting and polishing center equipped with high-end technology in the Free Port of Vladivostok, says the Ministry for the Development of the Russian Far East. Russian miner Alrosa will supply them with rough diamonds for polishing.
M. Suresh is mainly oriented on the export of wedding ornaments and fashion accessories with special attention to the US market. The company also intends to pay attention to the markets of the countries of the Asia-Pacific region and create a balance between processed products and finished jewelry. Their Vladivostok project will be comparable with their production in India and Botswana, starting small but with a phased increase in production. The manufacturer started it activities with 70 employees and has plans to employ 200 people in the near future.
This is reportedly the third diamond factory founded by Far Eastern residents, according to minvr.ru as cited by the Rough-Polished website. The free port of Vladivostok is a special zone that enjoys special taxation regimes.
Photo: Shruti Mehta @DiamondsandAntwerp