Despite the current problems that have engulfed the Indian diamond sector, the long-term prospects for its development look promising, Rapaport said.
In the framework of the Rapaport international diamond conference in Mumbai Rapaport Group Chairman Martin Rapaport held a round table, the main theme of which was behavior in a changing environment.
Panel experts, including Blue Star Diamonds Director Arnav Mehta, Managing Director of Rosy Blue India Pvt. Ltd. Russell Mehta, CEO of Shrenuj & Co. Ltd. Vishal Doshi and Rapaport Global Sales Director Ezriel Rapaport talked about how to move forward effectively. They noted the importance of research and development, the need to look more broadly at production capacity and issues of value creation, business combination, partnership building and the search for alternative sources of finance.