20 Aug 2019
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Ankit Gems - Shaping Precision
Established in 1985, Ankit Gems is a fast-growing diamond processing company recognised by the Indian Government as an Export House. It imports rough diamonds, processes and exports polished diamonds to different regions globally. In 2012, Ankit Gems achieved the DTC sight holder status and thereby making it a part of an exclusive group of diamond companies in the world. It is a company that wants to stand out, drive positive changes and explode the myths that surround the business. Kunjal Karaniya goes in-depth to explore more about this diamond hub.
By: Diamond World News Service
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Aug 3 2013 5:00PM
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Reference: 8057  

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Since past 35 years, the establishers of the company Arvind Shah, Arun Shah and Dilip Shah are dedicated to their business. Vasant Shah, Pravin Shah and DilipSonijoined them to strengthen the manufacturing system of Ankit Gems. Together they are consolidating the business over the years by their cautious approach and have earned a strong good will in the trade. The responsibilities of managing the company's activities have been now gradually passed down the family to the highly qualified and professional young generation, who now play a vital role in the key areas of purchasing, processing, marketing and overall management.Ankit Shah, one of the directors says, “It is our vision to be a leading global player distinguished for our value creation, enabled by an extensively developed supply chain, right from sourcing of rough to manufacturing to distribution of quality polished diamonds and jewellery leading to diversified customer servicing portfolio. We want to create enduring relationship with clients, relationships founded on mutual commitment and trust. He further adds, “We have also been specially selected as one of the limited number of ForevermarkDiamantaires which confirms that our business meets Forevermark standards, including fulfilling the Forevermark best practice and pipeline integrity requirements.”

Their core business is manufacturing and selling diamonds from 0.30cts to 3.00cts in all shapes, colour and clarity. While talking about rough sourcing, he explains, “Our entire rough sourcing is based on our manufacturing requirement which in turn is derived from polished requisition of our customers.The sourcing activity is primarily focused on purchasing the right quality, at the right price, from the right source and at the right time. This is ensured by employing our ERP systems which has adequate checks in place to determine stock requirements based on average consumption level and stock turnover in specific categories and internal segments. We buy same range and sizes of rough from all the sources to have a consistent polish product mix which gives us the confidence to execute our customer requirements on time.”

Coming to manufacturing, Ankit Gems manufactures in Surat in India and Windhoek in Namibia by employing the best workmanship available and using the latest means of technology. “Our manufacturing is carried out at three integrated manufacturing facilities with space of over 50,000 sq. ft area, 700 employees and 1,45,000 carats per year production capacity, managed by team of four full time directors. Manufacturing decisions are influenced by our sales and marketing arm. Customer requirements are directly fed back into the manufacturing cycle to ensure what we produce is what client wants,” Ankit Shah informs. The factory is fully equipped with the latest means of technology and they constantly stay up to date with developing technologies and sophisticated machinery.“We are also equipped with advanced machinery like Helium rough, M-Box, Avalon, Laser machines, Galaxy 1000 etc. Thus we balance our current procedures with latest technology and our tradition of diligence to ensure excellence at all levels of manufacturing,” he further adds. They have implemented ‘Lean Manufacturing Concept’ which has helped them to improve productivity, minimise process cost, reduce process cycle and develop continual improvement culture(Kaizen). He continues, “Our manufacturing process is ISO 9001:2008 certified and we are committed towards constant upgrade in quality system through optimum utilisation of manpower, resources and latest technologies by following our in-house developed Quality Management Principles & PDCA (Plan, Do, Check & Act) Cycle.”

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