Indian Prime Minister Narendra Modi addressed the Indian industry of gems and jewelry by video conference in the evening on the first day of the International Diamond Conference in Mumbai on 19 March. He said that the sector of precious stones and jewelery is a prime example of initiatives "Made in India" and "India's skills."
"We live in a time when diamonds are used in glasses, watches and pens. Is our jewelers can not create and modify global tastes and fashion?" - Asks the Prime Minister of India.
"What is your strategy to increase India's share in the market of handmade jewelry industry might think about promoting business start-ups, which can create a growing market for Indian jewelry?" - he says.
Modi also mentioned that in December 2014 the World Diamond Conference, held in New Delhi, he declared in the presence of Russian President Vladimir Putin that the Special Customs Area (SNZ) will be created to allow the import and export of rough diamonds, and duty-free entry to view products. He recalled that in the building SNZ Indian Diamond Exchange (Bharat Diamond Bourse) started operating in November 2015. Modi also said that he assured his friends in Africa that India will support them in the development of the sector of precious stones and jewelry.
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