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Surat diamonds do not have much value in Antwerp, says V K Singh

MoS for External Affairs General V K Singh Thursday said diamonds sold in the name of Surat would not fetch as much value in Antwerp.

Written by Kamaal Saiyed | Surat |
Updated: April 1, 2016 12:33:35 pm

MoS for External Affairs General V K Singh Thursday said diamonds sold in the name of Surat would not fetch as much value in Antwerp.

Speaking to business leaders, Singh, who was in Surat attend a private programme, said, “Surat has a big name worldwide in diamond cutting and polishing, but in Antwerp market (Belgium), the seller does not say that the diamonds have come from Surat, India, or the value of diamond goes down.”

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Surat Diamond Association president Dinesh Navadiya, however, said, “The statement of V K Singh is baseless. I am doing business in Antwerp where I sell the polished diamonds, saying these diamonds are cut and polished in Surat. There are many diamond merchants and exporters in Surat who sell diamonds abroad and clearly tell the buyers that they are cut and polished here in Surat.”

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While attending a meeting of local business leaders at Southern Gujarat Chamber of Commerce and Industry, Singh said, “We have formed a new department called states in the External Affairs Ministry. The officials of the department will ensure that the interests of the states with foreign countries.”

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