Diamond traders in areas Varachha (Varachha) and Mahidharpura (Mahidharpura) in the Indian city of Surat was unanimously decided to create an association to deal with shady dealers and minimize the risk of default, reports Times of India.
Meeting in this connection was held in the diamond market Mahidharpura June 28. The participants decided to form an association and develop a plan for the diamond markets of both parts of the city. In particular, it was decided to stop the diamond trade after 7 pm
Suratskaya Diamond Association (Surat Diamond Association, SDA) for the past two years, he supported the idea of closing the diamond market after 7 pm, as traders, who worked long hours, often attracted shady businessmen.
Every night deposit boxes in the diamond markets are closed with closing stores. However, if traders get valuable merchandise late at night, they leave them in locked office boxes, which is extremely unreliable.
According to sources, the diamond traders are preparing to set up an association to solve the problems with the police and deal with cases of defaults.
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The company Stellar Diamonds said that next month will hold an auction of diamonds produced in the framework of trial mining kimberlite project Baul (Baoulé) in Guinea.
The diamond company exported 3,341 carats in Antwerp for cleaning and auctioning.
Meanwhile, after cleaning diamonds are now weighed 3295 carats.
Traders have started to view the goods on February 25. The auction is expected to be completed on March 8th.
"The auction will be part of the diamond company is trying to process about 100,000 tons of rock to accurately determine the quality of diamond and values of the project to test mining evaluation of the company's plan kimberlite Baul 5 hectares.", - stated in Stellar.
"To date, we have managed to get more than 9000 carats, and in 2015 was sold to 5173 carats of diamonds worth more than $ 700 thousand", - concluded the company.
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