22 Sep 2021
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A Shining Success Story-Finestar Jewellery & Diamonds Pvt Ltd
Finestar Jewellery & Diamonds Pvt Ltd began under the visionary leadership and able guidance of Vinod Jain, since then the company is growing by leaps and bounds and today is one of the frontrunners in the industry
By: Diamond World News Service
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May 26 2021 3:07PM
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Reference: 25605  

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I am proud to say that the industry has been united in dealing with this calamity together. The global economic uncertainty is of the highest concern and at a personal level the losses we are facing- not just financially but the lives and livelihoods is what is most distressing. With continuously changing government regulations as per the developing Covid-19 situations around the country, we have to adjust our manufacturing schedules and manage our staff accordingly Nilesh Chhabria, COO, Finestar Jewellery and Diamonds Pvt LtdIncorporated in Mumbai as Finestar Jewellery & Diamonds Pvt Ltd, the company started its diamond and jewellery trading activities in 2002. The founder and promoter Vinod Jain leads the organization with a rich experience of over four decades in the gems and jewellery industry.Initially the business was begun as wholesalers by supplying merchandise to their respective clientele across the globe. They soon realised that until they do not have a direct flow from the miners and don’t manufacture in their own facility it would be difficult to create a supply for their business model. So they set up their own manufacturing unit.

Leading Sightholder
In 2009, Finestar Diamonds established its own diamond manufacturing unit in Surat. Over the next five years, the manufacturing unit was upgraded to a larger space with increased capacity and addition of state-of-the-art machinery and advanced technology.

Finestar Diamonds enrolled as a client with ODC, ALROSA, De Beers Auction Sales, Rio Tinto, Dominion Diamonds and Gem Diamonds for direct sourcing of rough diamonds in 2014 and as of today they have 100 per cent sourcing directly from mining companies, which enables them to give complete traceability for every diamond purchased by them. They have an inventory of 1 CT+ to over 25 CTS+ and larger exceptional diamonds in the colour range from D to H and clarity majorly in VVS to VS.

In 2018, Finestar Diamonds became a Sightholder of De Beers Group of Companies. Their subsidiary in Botswana which commenced business operations in 2018 became De Beers Sightholder in 2019 and their subsidiary in Namibia which commenced business operations thereafter became a De Beers Sightholder in 2021. In addition to that, Finestar Diamonds became Forevermark Diamantaire in 2019, a Rio Tinto Select Diamantaire in 2020 and is one of the largest manufacturers and distributors of the CanadaMark Program. They are also one of the biggest users of GIA Mines to Market program with its DOR report. Finestar is also among the few early adopters of Tracr - the Diamond Industry’s Blockchain Traceability platform.

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