At the end of 2015, many news headlines have been screened for a rare treasure. This baby is a diamond called "Koh-i-noor diamond", which was once the largest diamond known in the world, with a total value of up to 100 million pounds. It was once the treasure of the Mughal Empire of India. Now it is set in a crown of the British royal family. The dispute over this diamond has arisen and has been going on for hundreds of years and is still going on. Recently, Bhumicka Singh, an Indian Bollywood movie star, and a businessman jointly commissioned a lawyer to sue the British royal family to the Supreme Court of London and asked them to return the "Light Mountain" diamond to India.
The story dates back to 1862, when Queen Victoria re-engraved it into a round diamond shape, weighing down to 108.93 carats. Since then, this diamond, along with other cut "strips", has been set in the crown of Queen Victoria. After Queen Victoria, the "Mountain of Light" diamond has been inlaid in the crown of Queen Alexandra and Queen Mary. In the end, the diamond found a stable position in the crown of Queen Elizabeth. After the death of Queen Elizabeth in 2002, the crown inlaid with the "Mountain of Light" was placed on her coffin. Now, this crown is stored in the Tower of London. For nearly a hundred years, who is the woman with the most jewelry in the world? Queen Elizabeth II will tell you: "I own only half of the jewels of my grandmother, Queen Mary." It is understood that Queen Mary of England is the real jewel queen, and the jewels she shines in her hands have illuminated half of the earth. However, most people don't know anything about it. Some people have counted that on the day of the coronation, there were nearly 10,000 diamonds and gemstones worn by Mary. It can be seen that no matter how ups and downs in history, jewellery, especially diamonds, have always been sought after and cherished by people.
So why does this diamond lead to cross-border recovery in India? In addition to its high value, it bears hundreds of millions of light years of glory and is the glory and pride of the entire country and nation of India. The history of the "Mountain of Light" dates back to 1304. The diamond was produced in the Kollur mine in India and the original stone is said to weigh up to 800 carats. The diamond was originally cut into a rose shape and weighed 191 carats. In 1526, Sultan Babel plundered the diamond and established the Mughal Empire. In the eighteenth century, the Persian emperor Nadirsha led the army to attack the Mughal Empire. His goal was to get this diamond. Eight years later, Nadirsha was assassinated. A general of his team took the "Mountain of Light" to Kabul and dedicated it to the Afghan dynasty. Later, after several twists and turns, until the 19th century, the King of the Kingdom of Sikh, Ranjit Singh, brought it back to India again. In 1850, India presented the "Mountain of Light" to Queen Victoria. Therefore, it is not only a witness of history, but also the founder of the rapid development and strength of the diamond industry in this country. So in a sense, India has the plot of “diamond wealth ownersâ€. They are the creators of glamorous fires and the rising stars of the world diamond processing industry.
A few years ago, the global diamond processing center was mainly concentrated in Europe and the United States, and their attitude towards diamonds also came from their own national endowment. For example, Antwerp, which is rich in "superiority", is known as the world's diamond capital. The cutting technology is exquisite and the price is also amazingly high. The "stubborn" Tel Aviv is rigorous and savvy. At the Hong Kong Jewellery Show, Jewish merchants like to take from Israel. The biscuit snacks are used as lunch, because they always believe that their food is pure; "Higher" New York, the world famous 47th Street road sign towers between the skyscrapers in the city center, where the supply is constantly flowing. Carat diamonds in various sizes. If your background and company qualifications are not recognized by the commercial tycoons in these office buildings, then even if you are willing to cash transactions or bulk purchases, you may be unable to return. Compared with them, Mumbai is very grounded. They have more workers working day and night, low labor costs, and time-consuming and labor-intensive focus on roughing. India has been a latecomer through its continuous efforts and collaboration. So far, India has become a new diamond processing and distribution center. The once-in-a-lifetime “Indian Workers†are constantly optimizing and upgrading, and gradually gain more favor from discerning customers.
India's diamond cutting industry is mainly concentrated in the big trade city of Mumbai and the western city of Surat. In the world's fastest growing city, Surat ranks fourth. There are rows of gray-white buildings, still like abandoned construction sites, where diamonds are here from the beginning to the glory. There are millions of residents here, and about one in ten people eat in this line. Today, more than 90% of the world's rough diamonds are processed and polished here, and illegal use of child labor is no longer common. Older boys have an average of hundreds of hours a week to polish their diamonds, and if they are not fortunate enough to become diamond traders in the next crucial decades, they lose the right to continue working here. Opportunity, because the most precious vision has long been destroyed. What is even more chilling is that the diamond powder accumulated in the lungs during the long-term work has caused them to suffer from respiratory diseases, which are commonly known as "diamond lungs" in the local area. The diamonds they sweat for will be shipped to Mumbai and other countries, or every summer, until about 25,000 buyers from all over the world gather in India, signing orders worth nearly $1 billion with dealers around the world.
In recent years, Surat has made rapid progress in the diamond industry thanks to the convenience of the port city. The discovery of the Argyle mine in Australia has had a profound impact on the diamond processing industry in India. The Argyle mine's continuous stream of small-grain diamonds is on the market, which is especially suitable for India, which has low labor costs, to cut out small-priced diamonds. At the same time, the embryonic resources in Russia's hands also allow India to have more room for development in its cooperation in the supply and demand of diamonds. At the end of 2014, Russian President Vladimir Putin appeared in New Delhi and joined the Indian Prime Minister Modi to participate in the “World Diamond Conference†organized by GJEPC and other top industry organizations. During the meeting, Putin said that he was very happy to see the strong cooperation between the two countries in the diamond industry, while the Russian diamond group Indian customers are also increasing. In the opening ceremony, Vigul Shah, the then chairman of GJEPC, said: "This is a historic moment. The two most powerful world leaders stand on this common arena. India and Russia are born. Partners, one is the world's largest diamond producer, and one is the largest diamond processing center."
As we all know, India’s reputation for diamond processing in the industry has always been less stressful, worse and so on. Most of the workers here are good at cutting diamonds by less than 3 points. However, these small diamonds account for 90% of the world's cut diamonds, and the wholesale value is as high as 35%. In the late 1990s, India ranked first in the world in terms of total diamonds, followed by Israel, Belgium, New York and Thailand. Nine out of every 10 diamonds in the world are “gloriously transformed†in India. Many large modern factories in India employ tens of millions of skilled workers while working on the most advanced equipment. Professional equipment in Germany and Japan has a long-standing reputation in the jewelry industry, and other countries are far behind. Since last year, GJEPC has added a new exhibition in India - Jewelry Manufacturing Equipment Exhibition, inviting global and local leading jewelry equipment manufacturers to participate, hoping to bring the most advanced technology information and technology to Indian jewelry manufacturers.
As a pillar industry in India, India has a diamond population of about 650,000. Exporting polished diamonds is also one of India's major projects to earn foreign exchange. Brands and large companies that have grown up in the local consumer market have opened physical stores in developed countries such as Europe and the United States or have sold their own finished products in top jewellery stores. The diamond inlay products they produce are also available on the international shopping websites such as Amazon and Taobao. Although some brands have already taken root in other countries, consumers will still see “Madein India†on the products they receive. label. In 2007, only 800,000 people were engaged in diamond processing in Surat, and India’s diamond exports reached a record $11 billion. The Indian government has also issued a favorable policy for zero tariffs on rough diamond imports.
The 2012 global diamond industry report shows that India has become the world's third largest diamond market, and China's strong diamond consumer market is one of the main driving forces behind it. In 2010, China surpassed Japan to become the world's second largest consumer of diamonds, second only to the United States. In that year, China’s diamond jewelry retail sales increased by 18% to reach $9.2 billion. In the five years from 2007 to 2011, GJEPC held professional Chinese and Indian diamond merchants' meetings in Beijing, Shanghai, Shenzhen and Guangzhou to arrange Indian diamond processing companies to negotiate with Chinese diamond wholesalers. In the past few years, many excellent Indian diamond companies have opened up the Chinese market through this activity and have taken root in the country. The Chinese have been buying diamonds, and the more they buy, the more Chinese people care about quality. They only choose high-purity and high-purity diamonds to buy, but now the demand for medium- and low-quality is also increasing. At the same time, due to rising consumer demand, synthetic diamonds (CVD) have emerged in the professional market and are spreading. In other countries, synthetic diamonds are largely sold as cheaper natural diamond variants. But in the Indian diamond industry, the distinction between natural and synthetic diamonds is gradually blurring. According to experts in the diamond market, “About 300 billion rupees (about 43.8 billion yuan) of synthetic diamonds are circulating in the global market with the guise of natural diamonds, and consumers and even professional buyers are not aware of it. The results of the appraisal were obtained after being tested by professional institutions. The National Jewelry Quality Supervision and Inspection Center (NGTC) opened a laboratory in Mumbai, India this year to collect samples, test and provide certificate services to local diamond companies. The person in charge understands that many local diamond wholesalers do not understand and master the status of synthetic diamonds. The CVD is often found in the products they send, and the goods that have problems can only be returned to the upstream after testing. Merchant or factory.
In fact, the use of diamonds is not limited to the jewelry industry, but industrial diamonds are also widely used in different fields. But when people mention diamonds, they are more of a symbol of his worthy value and a symbol of his love, romance and so on. Whether it is the wisdom of the "throwing the sheep to take the drill" story, or the plot of the Hollywood blockbuster "Blood Diamond", people are full of imagination and expectation of diamonds. Faced with a huge consumer market, India hopes to build Mumbai into a new “world's diamond capital†by relying on its own policies and its own advantages, and making unremitting efforts to weave and realize this dream.
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