Processing & Manufacturing

The facility is situated in a SEZ which provides tax benefits and its location allows it access to highly skilled workers admeasuring 25,000 square feet in Special Economic Zone at Sachin. The processing of rough and semi-processed stones is carried out at this facility. The facility has polishing machines, sarin machine, auto brutters and laser machine.

The installed capacity of the unit is 60,000 carats per annum. However, given our focus on processing large sized stones, the absolute amount of carat processed might not reflect the true picture. The total revenues generated by the facility increased from Rs. 14,432.77 lakhs in Fiscal 2008 to Rs. 29,292.79 lakhs in Fiscal 2009, an increase of 102.96%. The revenue generated per carat has increased from Rs. 44,582 in Fiscal 2008 to 76,306 in Fiscal 2009.

Our diamond processing facility in Mumbai also processes diamonds for domestic sales besides providing polished diamonds for the jewellery making. The Mumbai facility produced 14,287 carats in Fiscal 2009 vis-à-vis 4,158 carat in Fiscal 2008.

Our Russia Subsidiary also has a manufacturing facility where we process some of the rough diamonds procured from the local auctions. The facility has polishing machines, sarin machine, auto brutters and laser machine.