India Mulls Moving Out Of China

- January 20th, 2010

    Chinese authorities have detained 21 Indians for smuggling diamonds. Another war in the offing? India’s Gems & Jewellery Export Promotion Council (GJEPC) is said to be seriously considering pulling out of its China-based diamond cutting and polishing business and to relocate its activities to Hong Kong. The Shenzhen incident has stunned diamond traders … Continued

 

 

Chinese authorities have detained 21 Indians for smuggling diamonds. Another war in the offing?

India’s Gems & Jewellery Export Promotion Council (GJEPC) is said to be seriously considering pulling out of its China-based diamond cutting and polishing business and to relocate its activities to Hong Kong.

The Shenzhen incident has stunned diamond traders in India – the leading foreign presence at the Shanghai Diamond Exchange. The 21 men, mostly from the western Indian state of Gujarat, were charged with illegally transporting the gems from Hong Kong to the south China boomtown of Shenzhen.

For complete article, click onto Diamond Investing News.

Get the latest Resource Investing stock information

Get the latest information about companies associated with Resource Investing Delivered directly to your inbox.

Resource Investing

Select None
Select All

Tags

Tags: ,

Leave a Reply