GJEPC’s Surat SNZ receives its first rough diamond shipment from Rio Tinto
The Surat International DiaTrade Center (SIDC), a Special Notified Zone established by the Gem and Jewellery Export Promotion Council, has received its first shipment of rough diamonds from Rio Tinto.
On January 30, the SIDC began a trial basis shipment of Rio Tinto rough diamonds, in order to check and confirm the process for overseas shipments back and forth from Surat SNZ, the GJEPC announced on its website.
The trial aims to ensure that security aspects, norms, and rules created by customs authorities for custodianship, visitor entry, and goods handling are followed at SIDC.
The process is intended to ensure speedy and consistent rough diamond shipments arriving in Surat for auction purposes, according to the GJEPC. The shipments will be kept from between four to six days before being re-exported.
Diamond and Gem Development Corporation Limited and operator SIDC will monitor the trial and make any necessary amendments to the regulations to ensure a watertight process. The Surat SNZ has begun to receive enquiries from mining companies aiming to hold rough diamond auctions in the city, according to the GJEPC, which established the SIDC to boost business in diamond hub Surat.
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