News Bureau

 
 
April 21, 2017

Is BDB eying on mining?


According to the RIR report, Bharat Diamond Bourse (BDB) has proposed diamond-producing joint venture with Alrosa. Further, the BDB member companies may invest about $500mn in the diamond production activities.

In a move aimed at synergising Indian and Russian interests in the global diamond industry, companies from the Bharat Diamonds Bourse have offered to form a joint venture with Russian diamond giant Alrosa. BDB made the suggestion to Yuri Trutnev, Russian Deputy Prime Minister and Presidential Envoy to the Russian Far East in the March.

Sources say, India needs Russian experience in extracting diamonds at its largest discovered mine, which contains 34 million carats, worth $3 billion. Yet it is not confirmed that BDB is taking initiative or members of BDB is moving collectively!

 

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