Russia’s plan to establish diamond cutting clusters in Yakutia and Smolensk is unlikely to significantly affect Surat’s manufacturing base, with Indian players citing cost and skill advantages.
Qatar Diamond Exchange signed MoUs with diamond bourses in Singapore, Shanghai and Tokyo on August 19, 2026, to expand trade, commercial ties and industry cooperation across Asia.
Russia’s plan to establish diamond cutting clusters in Yakutia and Smolensk is unlikely to significantly affect Surat’s manufacturing base, with Indian players citing cost and skill advantages.
The Rajya Sabha passed the Taxation and Other Laws Amendment Bill, 2026, granting eligible overseas diamond entities a 15-year tax exemption for rough sales through Indian SNZs.
