Russia’s Invite To GJEPC: A Free Trade Zone
Surat diamond and jewellery manufacturers have been invited to Yakutia city, where they have a free trade zone of diamonds. At a meeting with the Gems and Jewellery Export Promotion Council (GJEPC) at its Surat office on Tuesday, Russia’s Sakha Republic in the Yakutia province of Siberia put forth a delegation to provide direct supply of first grade rough diamonds.
As per sources, Deputy Chairman of the government of Sakha Republic (Yakutia), Kim A Borisov, while addressing the gathering at GJEPC, said: “This is for the first time we have come to Surat. We have a few diamond companies owned by Indians who are doing well. Both the governments (Indian and Russia) have age-old relations”. He further said, “Indian traders and businessmen should do a joint venture with SAYBM Diamond jewellery company at Yakutia so that they would have direct access to purchase rough diamonds of Alrosa.”
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