by eyetee | December 16, 2014 2:35 pm
Rio Tinto says development of the Bunder diamond project will help make India one of the top producing diamond nations in the world.
“Our partnership with the Indian diamond industry is a 30-year journey that covers everything from diamond manufacturing technology to unique market development initiatives and the first diamond discovery in India in decades,” said Rio Tinto Diamonds managing director, Jean-Marc Lieberherr, at the World Diamond Conference in Delhi.
“Development of our Bunder diamond project in Madhya Pradesh is a natural continuation of the partnership model and would put India among the top 10 diamond-producing countries in the world. The Bunder project is positive proof of the natural abundance and prospectivity of India and provides the ideal opportunity to showcase a new benchmark for mine development in India. The opportunity to produce diamonds mined, manufactured, and marketed in India on a commercial scale is exciting and very much aligned to the ‘Make in India’ campaign.”
Discovered in 2004, Bunder is currently awaiting approvals and is forecast to generate an estimated 30,000 jobs and huge economic benefits for India.
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