Surat Rough Diamond Sourcing India Ltd(SRDSIL),a consortium formed by leading Diamond traders of Surat in recent past, has stuck $1.2-billion (R5,520-crore per year) deal with the government of Zimabwe for steady supply of rough diamonds. In exchange, the Gujarat based traders will train 1 000 young Zimbabweans in designing, cutting and polishing diamonds and also help Zimbabwe in developing a strong diamond industry.
MOU between the Surat Rough Diamond Sourcing India Ltd (SRDSIL) and representatives of Zimbabwe Diamond Consortium (ZDC) has been signed in Harare, under which, SRDSIL will buy a minimum of $100-million worth of rough diamonds every month.
More than 90 per cent of the world’s diamonds are said to be cut and polished in Surat. A delegation from Zimbabwe led by a minister had paid visit to Surat early this month for first round of discussion. Surat diamond baron delegation is in Zimbabwe presently.