The exact fountain of diamonds delayed the question and sorcery of a pearl lies over the ground of Antwerp in Belgium where Prabodh Mehta in Belgium started his profession in the year of 1957 with Gembel European Sales while production the solitaire tout in Antwerp with finest diamond.
Prabodh Mehta Belgium Intro About Diamond Market in Antwerp
The Stock Exchange of diamonds always in the hands of the Jews is now besides handled by the Indians who are contending for the supremacy of the Jews, thanks to strong buying from India, strong economic expansion One of the major treasure companies in Antwerp owned by Prabodh Mehta named Gembel European Sales has played a essential role in enhancing the solitaire hawk in Belgium Today; 525 Indian families are living in Antwerp contributing while moulding a hub of diamond over there This commune from Indian gang has grown swiftly and has achieved a prestigious class in the diamond tout of Antwerp in Belgium Besides these, Prabodh Mehta in Belgium has besides added in his balance that over a thousand folks come from India every month to buy or market diamonds in the city of Antwerp
The Stock Exchange of rough diamonds, the diamonds that is passive to be cut, is located in the Antwerp Diamond Ring Here, too, the phrase “Mazal” (good luck in Hebrew) is the formula that with the handshake establishes the let of sale They use it all the diamond merchants of any region. The diamond sell is a stock exchange based primarily, if not exclusively, on trust.
Antwerp, the Belgian city, with its largest market of diamonds with 2,500 registered dealers and a big induced shear center, defence services, shipping and processing, is the prime plaza of the World Trade diamonds
While interviewing with Prabodh Kirtilal Mehta; he also depicts some intermittent delineation of diamond market in Belgium The market for diamonds deals an province of 2.5 square kilometers, two-way closed to traffic and monitored by cameras, police and vigilantes private. Here; the lane of 75% of universe production of creaky diamonds and about 60% of those products A widespread tout of $ 22 billion per year (according to report from Boston Consulting), which represents 6.5% of the GDP of Belgium
Ad per the Prabodh Mehta; if you absence to participate in the vend for diamonds ? Then you deprivation to interpret the over changing doorstep of diamond that goes on fluctuating on want run. To become one of the operators of inventory at the Antwerp bourse is to follow a want rigmarole, presenting a lot of documents, to be introduced by three fresh partners, be subjected to strict scrutiny by a committee composed of two members and finally the application may torpid be rejected without giving reasons. Disputes between members are resolved by an private committee with two sets of proceedings
What is decided, the end ridicule is accepted and echoed by the Belgian court Registered operators who desist the rules are expelled from the earthly market globally Who does not fee or earnings slow may be suspended from the remedy of access to the doorstep in which it is registered and the notice of the penalty with relative photos bequeath appear on a blackboard corresponding Antwerp as in Tel Aviv or New York The penalties fresh severe, such as the replacement of a diamond with a less valuable, are not motivated by the circumstance that the information in this doorstep run.