Shree Ramkrishna Export, a leading Indian diamond and diamond jewellery manufacturer, expects a rise in its exports to the new strong Asian markets, for which it is preparing to set up a new green field project with a 2,50,000 sq. ft state of the art manufacturing facility at Surat. The company received tremendous response at Hong Kong Jewellery & Gem Fair - June 2010, which reiterates the growth of the Hong Kong market (the gateway to the entire South East-Asian markets) as a hub for diamond jewellery business, led by China

It believes that the world diamond industry is on an upward trajectory in 2010, overcoming the economic slowdown. Also, the prices for polish diamond are high as the supply of rough remains tight. The strong demand for diamonds in Asia remains solid which further supports the price increase in market.

The company expects centres like China, India, Hong Kong and Taiwan to be the core of the set of new lead markets, with around 60 percent of its exports having traditionally come from the growing Asian countries and this year, it is witnessing an increasing demand from China and Hong Kong with a rise in online sales from this region.

Rahul Dholakia Managing Director, Shree Ramkrishna Export said, “These demands for diamond & jewellery in China including Hong Kong, would continue contributing good percentage of our exports in next 5 years as more and more couples getting married are buying diamond jewelleries especially the diamond engagement rings”.

The company cites potential in markets such as Singapore and Thailand which also have small but vigorous jewellery industries.