De Beers invests $5 million to expand India’s diamond grading unit
De Beers Group, the world’s top diamond producer by value, unveiled Tuesday its newly expanded diamond grading and testing centre in Surat, an Indian port city known for being a major hub of diamond cutting and polishing.
The diamond giant, a division of Anglo American, also plans to launch its first ever education service to cover the entire pipeline and support further growth in the Indian sector.
The program, scheduled to begin in the second quarter of 2017, will be run out of Surat and comprise courses that cover essential subjects for India’s diamond sector, including polished diamond grading, diamond foundation and synthetics, De Beers said.
About 90% of the global rough diamond supply is cut and polished in India, with the sector employing around 800,000 people in highly-skilled jobs.