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DTC Team’s India Visit
Varda Shine, on their annual visit to India participated in a number of key events in the diamond cities of Surat and Mumbai.
By: Diamond World News Service
May 4 2011 12:52PM
Reference: 5969  


As to how De Beers viewed the “diamonds as investment” question, she said that De Beers would continue to uphold the message of diamonds as an embodiment of love and continue to base its marketing on spreading the diamond Dream. However, it did recognize that in the past few years there has been a great interest in diamonds as another avenue of investment particularly in times when stockmarkets and other investment options had proved to be vulnerable as seen in the recent crisis period. To the extent that diamonds were regarded as a storehouse of value, De Beers recognized that it would be an underlying reason for people to purchase diamonds and diamond jewellery especially in markets like India. However, buying and selling it as a commodity was quite another matter, she indicated.

Mahiar Borhanjoo, Executive Director, DTC Sales was also present with Shine at the Meet & Greet session.

**** Lakhi Group's New BDB Office inaugurated

The Lakhi Group’s new 6,000 sq.ft. state-of-the-art office in India’s new Bharat Diamond Bourse at the Bandra Kurla Complex was inaugurated in early April. Varda Shine was the Chief Guest at the function, which was also attended by other senior members of De Beers Group and the Diamond Trading Company (DTC).

Speaking at the opening Dilipkumar V. Lakhi, CEO of Lakhi Group, said, “We are very proud to be amongst the pioneering first wave of Indian diamond companies moving to our new home in the Bharat Diamond Bourse. The Bourse is a truly world class home for the important Indian diamond industry and rivals any diamond facility anywhere in the world.”

Chirag Lakhi, a leading member of the Bourse committee and Vice-President of Lakhi Group, noted, “India today is the leading centre for diamond manufacturing and also one of the most important and fastest growing consumer markets for diamonds, and we are very excited to be leading the industry to the new Bourse”.

The Lakhi management stressed that the shift was not a symbolic one, and that all the operations of the company, including trading in diamonds, that were hitherto being conducted out of its offices in Opera House would be relocated to the new BDB office very shortly.

The Lakhi Group, now over 40 years old is one of India’s largest manufacturers and suppliers of loose polished diamonds, offering more than 5,000 + diamond assortments under their trademarked offering The Power of ChoiceTM. Dilipkumar V. Lakhi has been a DTC Sightholder since 1993.

Besides the new BDB office, the Group has manufacturing operations in different parts of India and offices in Antwerpen, New York, Toronto, and Dubai.

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Pallab Nandy
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