VOICED : Diamond deals to add sparkle to India Russian ties

The video discusses the global diamond trade, focusing on India's role in cutting and polishing diamonds, primarily mined in Russia. It highlights the potential for increased trade between India and Russia, especially with the visit of President Putin. Mumbai is identified as a key hub for the gemstone trade, but faces challenges due to bureaucratic and tax issues. The video also addresses the competition with China in quality diamond cutting and the need for India to enhance its global image as a high-quality manufacturer.

Which city is known as the hub for cutting and polishing most of the world's rough diamonds?

• Mumbai

• Moscow

• Dubai

• Antwerp

What is one of the main challenges faced by the Indian diamond industry?

• Lack of skilled labor

• Bureaucratic and tax rules

• High transportation costs

• Shortage of raw diamonds

How has the demand for diamonds been over the last 18 months?

• Increasing rapidly

• Stable

• Slow

• Unpredictable

In what area does China have an advantage over India in the diamond industry?

• Volume manufacturing

• Mining technology

• Quality diamond cutting

• Marketing strategies

What does India need to promote to improve its image in the diamond industry?

• Its high-quality manufacturing

• Its gemstone variety

• Its mining capabilities

• Its export volume