 "Nirav Modi")
The Rs 114-billion Nirav Modi-Gitanjali Gems scam involving Punjab National Bank is unlikely to have a contagion affect on the gems and jewellery export sector, says apex industry body, Gems and Jewellery Export Promotion Council (GJEPC).
The Indian diamond industry has tens of thousands of factories and about 6,000 exporters regarded as world leaders in diamond processing. Total exports of the precious stone stand at around $23 billion, with a value addition in excess of $7 billion.
In a statement on Saturday, GJEPC said that the Nirav Modi-Gitanjali Gems incident is of concern to the entire industry, which
The Indian diamond industry has tens of thousands of factories and about 6,000 exporters regarded as world leaders in diamond processing. Total exports of the precious stone stand at around $23 billion, with a value addition in excess of $7 billion.
In a statement on Saturday, GJEPC said that the Nirav Modi-Gitanjali Gems incident is of concern to the entire industry, which
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