COVER STORY. Vasant Mehta Chairman, IIGJ Mumbai and Director, National Skill Development Corporation (NSDC)

Similar documents
Indian Gems & Jewellery January 2018

A STUDY OF DIAMOND TRADE VIS.-À-VIS. GEMS AND JEWELLERY TRADE AND TOTAL MERCHANDISE TRADE OF INDIA DURING THE LAST DECADE

S R I L A N K A APPAREL

Centre of Excellence for Gems & Jewellery. Skill Development Government of Gujarat

Published by Mahendra Publication Pvt. Ltd. E- 42, 43, 44, Sector - 7, Noida Uttar Pradesh, India.

Published by Mahendra Publication Pvt. Ltd. E- 42, 43, 44, Sector - 7, Noida Uttar Pradesh, India.

Published by Mahendra Publication Pvt. Ltd. E- 42, 43, 44, Sector - 7, Noida Uttar Pradesh, India.

Development of Certificate Programme in Jewellery Designing through ODL

1 st Indo Russia Diamond Buyer Seller Meet, 3 5 April 2012

sass & bide Spring-Summer 2017 Impact Assessment ITC Ethical Fashion Initiative: Artisan.Fashion October-November, 2016

How Signet Leads: Driving Integrity in the Global Jewelry Supply Chain By Virginia C. Drosos, Chief Executive Officer, Signet Jewelers

Fashion Enter. Southampton, May 2014 Foster eco-innovation and social responsibility in the T&C industry

Post Event Report on 2 nd Indo Russia Jewellery Summit 2012

About the Company. Journey in a nutshell. 1983: Anita began her business with 2 sewing machines in her balcony

CAMPER x HAFDE. Spring-Summer ITC Ethical Fashion Initiative: Ethiopia

The Readymade Garment Industry in Bangladesh: Sustainability Practices and Challenges. Asif Ibrahim Vice Chairman Newage Group of Industry

PROBLEMS OF INDIAN JEWELLERY INDUSTRY S Madhavi* 1, Dr T Rama Devi 2

Report on estimation of manpower requirement in Fashion Jewellery subsector in India ( )

GEMS AND JEWELLERY INDUSTRY

ITC Ethical Fashion Initiative Impact Assessment Karen Walker Autumn-Winter 2017 Order, Kenya: July September 2016

VICENZAORO WINTER 2016 JANUARY 22 27, 2016 POST SHOW REPORT

Global Diamond and Gemstone Market: Trends and Opportunities ( ) March 2015

THE BUSINESS YOU WANT. THE SUCCESS YOU DESERVE.

Rewrite your success October 2018 Chennai Trade Centre. with our legacy in South India s jewellery business. CHENNAI

Investment Opportunities in the Design Industry in Taiwan

REPORT ON INDIA PAVILION AT VOD 2015

STUDY ON COMMODITY WISE EXPORTS OF GEMS AND JEWELLERY FROM INDIA

INDUSTRY CAPABILITY REPORT

BRAND TALK Being Human

REPUBLIC OF RWANDA MINISTRY OF TRADE, INDUSTRY AND EAC AFFAIRS

Clean Clothes Campaign Wage Survey

Price fluctuations. Financial feasibility

Diamond exporters look to domestic market as rupee gains strength

INDIAN JEWELLERY MARKET-METAMORPHOSIS INTRODUCTION

Innovation in Gems and Jewellery industry in India A pilot study

CHALLENGES FACED BY EPIP OF GEMS AND JEWELLERY INDUSTRY WITH SPECIAL REFERENCE TO JAIPUR

85 artisans worked on the order

INDUSTRY CAPABILITY REPORT FOOTWEAR INDUSTRY

70 Lakh COUNTRY. Digital. 470 (24%) - handloom. development programme. digitally

India s Premium B2B Jewellery Exhibition. 11th edition June HICC-Novotel, Hyderabad POST SHOW REPORT

CHAPTER - III EXPORT PERFORMANCE OF INDIA S GEMS AND JEWELLERY PRODUCTS IN THE GLOBAL MARKET

SA The standard. Requirements

Gold jewellery exports nearly halve in August

Tailoring to Perfection Enterprise Model in Apparel Sector

Problem of Micro Enterprises in India- A Case Study of Firozabad Bangle

CHAPTER NO 1 INTRODUCTION

Age. Hallmarking Comes Of. Forevermark Drives Sales With Compelling Stories. India s Gems & Jewellery Net Exports Slip 12% VOD Gets Bigger And Better

Mehdi Mahbub CEO & Chief Consultant, Best Sourcing Founder, RMG Bangladesh GLOBAL TRENDS IN THE GARMENT SECTOR AND OPPORTUNITIES FOR BANGLADESH

International Journal of Academic Research ISSN: ; Vol.3, Issue-8(2), August, 2016 Impact Factor: 3.656;

CHANGING TRENDS: GEMS & JEWELLERY INDUSTRY

REPORT ON Jewellery Shanghai 2011 China Int l Gold Jewellery & Gem Fair, at Shanghai 16 th June 19 th June, 2011.

Cosmoprof India 2019 p JUNE 2019 COSMOPROF BOMBAY CONVENTION & EXHIBITION CENTRE (BCEC) INDIA MUMBAI

Agenda is subject to change. ECV International reserves the right to alter this agenda.

Overview of Leather Industry

POST SHOW REPORT 2017 INDIA S PREMIUM B2B JEWELLERY EXHIBITION. 10th edition June HICC, Novotel, Hyderabad

Case study example Footloose

The Go-To Sourcing Destination: Vietnam Continues to Lure U.S. Firms. SOURCING at MAGIC August 14, 2017

55th Bangkok Gem & Jewellry Fair. (24-28 Feb, 2015) Introduction. Date: 24 th Feb-28 th Feb,2015.

TURNING IDEAS INTO ACTION:

ISTANBUL APPAREL EXPORTERS ASSOCIATION

Turkish Textiles and Apparel Industry

For updated information, please visit September 2017

EMERALD PATERNITY TEST

William P. Lauder, Executive Chairman, The Estée Lauder Companies

A STUDY ON COUNTRY WISE EXPORTS OF GEMS AND JEWELLERY FROM INDIA

COMMUNICATION ON ENGAGEMENT (COE) CIBJO, The World Jewellery Confederation. September 2016-September 2018

For updated information, please visit August 2018

Raymond Group. Denim. Shirting Pure wool, Polywool blended fabric 48 million metres 2 integrated plants in India

Overwhelming response to SGCCI Seminar on USD 100 Billion Textile Opportunity with America First & Make in India

Fashion Brands Are Looking for Outsiders. Here s how to Get in the Door.

PDS MULTINATIONAL GROUP

A STUDY ON GARMENT EXPORTERS PERCEPTION ON TECHNOLOGY UPGRADATION IN TIRUPUR CITY

Indian Polyester 2016 Celebrating 75 years of Polyester. Prashant Agarwal Jt. MD and Co Founder - Wazir Advisors

About the Report. Booming Women Apparel Market in India

S USTAINABILITY A GENDA DRIVES A TTENDANCE AT ITMA 2015

IMAGES Business of Fashion

THE INDONESIAN TEXTILE AND CLOTHING OUTLOOK

For updated information, please visit July 2018

TEXTILES, APPARELS & LEATHER

ITC Ethical Fashion Initiative Impact Assessment Vivienne Westwood Autumn-Winter 2016/17 Order, Kenya: March July 2016

Impact note on import duty hike

Current cotton fiber market in Russia

HAIR OIL. Profile No.: 15 NIC Code: INTRODUCTION 2. PRODUCTS AND ITS APPLICATION 3. DESIRED QUALIFICATION FOR PROMOTER

DIPLOMA IN GEMMOLOGY

Case Study Example: Footloose

QUALITY. IMAGINATION. PASSION. TRUST.

Address by CEO Karl-Johan Persson at H&M s AGM 2017

FDDI Footwear Design & Development Institute BANK MANUAL FOR EDUCATIONAL LOANS

DIPLOMA IN GEMMOLOGY

INDIAN APPAREL MARKET OUTLOOK

SAC S RESPONSE TO THE OECD ALIGNMENT ASSESSMENT

For updated information, please visit December 2017

University of Wisconsin-Madison Hazard Communication Standard Policy Dept. of Environment, Health & Safety Office of Chemical Safety

Signet Responsible Sourcing Protocol For Diamonds. Ensuring The Integrity Of The Natural Diamond Supply Chain. April 18, 2017

Sant Enterprises Introduces the Rose of Mozambique Gemfields Ruby

Branded and Non Branded Jewellery

INDUSTRY OVERVIEW. No. of establishments 117 (manufacturing) March ,257 (import and export) December 2000

Kadgee Clothing. Scenario and requirement

Disclaimer. Guiness Securities Limited

FACTS & NUMBERS 2016

Transcription:

With more than one million people employed in the diamond sector, India is the world s largest manufacturing centre for cut and polished diamonds, contributing 70% of the world s supply in value and 85% in volume. Eleven out of every 12 diamonds set in jewellery worldwide are processed in India. It is believed that the availability of low-cost labour is one of the main factors behind India s success. But industry insiders are of the opinion that it is the artisan s skill, insight and know-how of the diamond manufacturing process that has made all the difference. Manish Tomar, in his extensive report, says that the diamond industry has its heart in the right place and elaborates on issues such as artisans welfare and skill development programmes undertaken by top diamantaires and institutes, especially in Surat, the diamond manufacturing hub of the country. In an age where issues like blood diamonds and human rights violations rule the airwaves, these initiatives are like shining examples that need to be lauded. shutterstock.com 44 solitaire INTERNATIONAL November 2013

COVER STORY India shares a millennia-old relationship with diamonds they were, after all, first discovered here. Indians were the first to unleash the brilliance of the diamond, and their passion for the business still runs deep. Indian diamantaires and their workforce are known to continuously adapt to the changing dynamics of the industry. The family-run businesses are seeing an infusion of young blood, and these young Turks understand the need for training and harnessing other skills to maintain a leading edge over other global players. Skills executed at the lowest cost is key to India s success. The country spends the lowest per carat on polishing and cutting of diamonds, as against its competitors in China, South Africa and so on, says Vasant Mehta, chairman, Indian Institute of Gems & Jewellery (IIGJ), and director, National Skill Development Corporation (NSDC). The vast resources of manpower combined with the skill of the Indian artisan and the relentless efforts of Indian entrepreneurs who have taken on the daunting task of setting up this industry are additional contributors to India s success, Mehta adds. Although India pioneered the cutting of small diamonds, today its craftsmen are equally skilled at cutting all shapes and sizes of stones. India is the only centre which offers a truly mind-boggling variety of gems and plain, diamond- and gemstone-studded jewellery suited for every need in every market across the world. None of the other major producing countries offers buyers such a complete range of choices, notes Mehta. Much of India s success could not have happened without advanced technology, but indeed our artisans insight and skills have been enhanced with the state-of-theart technology. Also, with many indigenous companies becoming sightholders of the Diamond Trading Company (DTC), Alrosa and Rio Tinto, procuring more rough was not an issue. Thus, coupled with artisans insight and knowledge and supplemented by technology, larger and better quality rough started being processed here. India is the centre of implementation of technology, India s labour source is not only low-cost but also flexible and easily adapts to new technology. In fact, it is amazing to note that Indian diamond manufacturers and artisans are filled with a compelling urge to embrace new technology. The latest advances invariably find their way to Surat, and manufacturers get the optimum result out of it, says Uzi Levami, chief executive officer of Sarin, Israel. The Indian diamond cutters are early adopters. They are willing to learn and evaluate new technologies, to find out if the machine can do it better than them, adds Akiva Caspi, vice president for marketing Vasant Mehta Chairman, IIGJ Mumbai and Director, National Skill Development Corporation (NSDC) Skills executed at the lowest cost is key to India s success. The country spends the lowest per carat on polishing and cutting of diamonds, as against its competitors in China, South Africa and so on. A state-of-the-art diamond manufaturing facility in Surat. solitaire INTERNATIONAL november 2013 45

Hari Krishna Exports ensures the physical and mental well-being of its employees. We have our own challenges to face like training of manpower, attracting new talent in the industry and making diamond manufacturing interesting enough so that it can compete with rising salaries of other industries. and business development at Sarin. Many Israeli companies have shifted their manufacturing to India by setting up their own plants or by working with local partners or subcontracting to local manufacturers. The main reason behind this drastic change is the workforce of skilled, industrious and knowledgeable artisans. They have understood you can t beat Indians on this front. So if you can t beat them, it s better to join them. However, on a cautious note, Raj Dholakia of Bhavani Gems, says, We have our own challenges to face like training of manpower, attracting new talent in the industry and making diamond manufacturing interesting enough so that it can compete with rising salaries of other industries. A strong bond The relationship between diamantaires and artisans cannot be decoupled as they both share a unique partnership. The ties are kept intact because of the trust, respect and hard work that they have for each other. This bonhomie has contributed to some significant developments in the diamond industry as a whole. Credit must be given to mining companies like De Beers and Rio Tinto that directly and indirectly helped in the betterment of the working conditions of artisans. For instance, the small Argyle diamonds that were available in plenty were hard to cut. Argyle helped the Indian diamond industry to develop diamond-impregnated scaifes, better known as diamond scaifes (polishing wheels). The Indian diamond cutters were able to achieve 18 polished facets on diamonds little bigger than a grain of sand. Thus, artisans were able to produce at higher volumes and achieve better results. To help facilitate the responsible growth of the Indian diamond industry, Rio Tinto s groundbreaking Business Excellence Model was launched in India in 2003. These management tools encouraged Indian manufacturers to better their workplace, and modify social and environmental practices to global standards, reassuring the international market that quality assurance mechanisms were in place for diamonds cut and polished by Rio Tinto diamond customers in India. Similarly, De Beers Best Practice Principles (BPPs) take care of the workers health and safety, labour standards and working environment. It was supported by a rigorous assurance programme that assessed compliance by all parties including sightholders and sub-contractors. Mining companies collaborated on other initiatives to raise workplace health and safety, recruitment and training of workers in the diamond industry, enhancing productivity by developing new technology and spreading best business practices, together with continuous workplace safety and occupational health. Indian initiatives Taking a leaf out of these practices, the Surat Diamond Association (SDA) established as a non-profit organisation in 1988 with a membership of more than 2,400 working towards the betterment of the industry. Dinesh Navadia, SDA president says, We have undertaken a number of initiatives, such as the Empower ID programme to address 46 solitaire INTERNATIONAL November 2013

COVER STORY labour-related issues in the SME sector; different seminars and fairs are held to increase awareness about rapidly changing technology and economic trends. We have organised various health camps and education programmes for the betterment of the local community. He further adds, There are more than 5,000 ghantiwala units (unorganised, low-cost diamond cutting units) out of which only 3,500 units are registered with the ministry of micro, small and medium enterprises. Still the majority of the industry is not organised. We have taken up this ID programme in association with the Gem & Jewellery Export Promotion Council (GJEPC) and more than one lakh ID cards have been issued until now. Attracting new talent The diamantaires are facing another huge challenge that of attracting new talent in the manufacturing industry. There is an acute shortage of skilled labour in this industry. Kathiawadi Patels were the driving force in the diamond polishing segment. As time evolved, their lifestyle and socio-economic conditions improved. Now they are looking for managerial positions or lucrative jobs in other industries. Polishers wages have not kept pace with inflation. People from other states have better employment options in their home states, and Gujarat s own industrial development attracts employment in other sectors, informs Keval Virani of KARP. He adds, We need to make collaborative efforts in association with trade organisations to attract fresh talent in the industry. A joint initiative has been already taken by the District Rural Development Agency (DRDA), the SDA and the GJEPC to train unskilled tribal women to perfect the art of cutting and polishing precious stones, so that they can get decent employment opportunities to earn a livelihood. Navadia states, Youngsters are unwilling to take up cutting and polishing jobs and a huge section of the present workforce is on the verge of retirement. The industry feels that there is an urgent need to train unskilled artisans from the rural areas to create more employment. We have extended support required in The SDA regularly conducts medical checkups for artisans and their families. SAvji Dholakia Founder and Chairman, Hari Krishna Exports solitaire INTERNATIONAL november 2013 47

training and giving employment to the tribal women at their doorstep. In just seven months of initiating this programme, the number of tribal women taking up diamond cutting and polishing in villages of Tapi, Surat and Dang districts has increased almost tenfold. More than 130 units have been set up by small- and medium-scale diamond manufacturers from Surat in tribal areas like Jhankhvav, Mandvi, Vankal, Ahwa, Dang and border villages of Nandurbar in Maharashtra and Vansda, employing about 21,000 women. Tribal women are now processing R1,300 crore-worth of diamonds of small sizes every year; this has instilled a sense of pride and confidence in them. Surat-based Indian Diamond Institute (IDI) is also working towards attracting new talent in the industry. The Indian diamond industry was a close-knit society and the general public was by and large unaware about the growth and working environment. Thus, the IDI began organising career fairs to showcase the strength of the industry to school and college students looking for better career options. The government has also started a project called the Gems and Jewellery Skill Council of India (GJSCI), which aims to create a workforce empowered with continuously upgraded skills, knowledge and qualifications to ensure India s competitiveness in global gems and jewellery market. The IDI is teaming up with the GJSCI to give subsidised training programmes with placement guarantee to college/school drop-outs. Savji Dholakia, founder of Hari Krishna Exports Pvt. Ltd., says, We are visited by many students from educational institutions on work projects on the diamond industry. They are awestruck with the progress and modern approach of the industry. They come with preconceived notions about the diamond industry and think it still continues as a cottage industry. But after completing their term with us, they are more inclined to join the industry, which is run like a corporate firm. The diamond industry is in a transitional phase and is no longer a familyrun business where sharing the same last name meant guaranteed succession. In fact, today the industry is open to hiring people based on their qualifications alone. Dholakia adds, We too are eager (Clockwise from top left) A job fair organised by the SDA in Mandvi; the SDA holds a seminar for tribals in Dang; an ambulance is available 24/7 on the Hari Krishna Exports campus; artisans bonding over meals at Hari Krishna Exports canteen. (Facing page, clockwise from top) Dharmanandan Diamonds organises a painting competition and auction for the benefit of its artisans; SMC School run by Dharmanandan Diamonds; a tree plantation drive by Hari Krishna Exports, in which more than 7 lakh saplings were planted. 48 solitaire INTERNATIONAL November 2013

COVER STORY and open to accepting this new class of educated, talented and passionate employees. I personally feel that this new breed has the potential to change the dynamics of production and is capable of taking us to the next level. At Hari Krishna, we have already started this process. I feel that higher salaries can attract the right talent. Hari Krishna Exports believes that corporate social responsibility is its moral duty towards its employees and their families. The group has its own hospital, sports facilities, gymnasium, library, auditorium, meditation centre, and holds motivation seminars regularly. Every year, a blood donation camp is organised by the group. The company also runs a recreational centre for senior citizens and holds seminars for schoolteachers, government employees and police personnel. The company recently created an artificial lake spread over 17 acres in Dudhala village in Saurashtra, to store rainwater. As a result, the village now has adequate supply of water throughout the year. The collateral benefit of this project has been an increase in the subsoil water level, which is contributing to improved agricultural activity. Diamond cutting is no longer labelled as a blue-collar job. Today, the ghasiyas or polishers are referred to as diamond engineers. Utpal Mistry, CEO of Lexus Softmac India, says, Diamond polishers of India are highly skilled workers and they deserve respect. They are considered the prized assets of the industry. At Lexus, we have changed the way diamonds are polished. Our state-of-the-art polishing wheels are set in cabins with computers attached to them. We want to attract the new generation to enter into this wonderful business. In spite of having such a vast workforce in the diamond industry, there are no labour unions. In general, the relationship between management and artisans is cordial. Workers are treated like family, endorses diamond cutter Babubhai Dhamelia of Shree Ram Krishna Exports (SRK). The company provides excellent compensation for hard work and invests a lot in training us. Sharing the highlights of his fourdecade-long experience in the diamond industry, SRK founder chairman Govind Dholakia says, The secret of maintaining an affectionate and warm relationship with artisans is simple. As diamantaires, we have solitaire INTERNATIONAL november 2013 49

The stone planning division at Kiran Gems. Dinesh Lakhani Director, Kiran Gems Hitesh Patel Managing Director, Dharmanandan Diamonds always believed in caring and sharing. Even in our early days when we had just started, it was common practice to share a meal with our employees this tradition continues to date. SRK offers facilities like banking within the company. Its employees can also buy household products at subsidised rates, avail of vehicle and amenity loans after a year of service in the company. Dholakia further adds, Employee welfare is an essential activity to keep the morale of the employees high. If they are happy in the workplace, they stay committed for life. Dharmanandan Diamonds CSR approach focuses on education, motivation and encouragement, healthcare awareness, environmental responsibility and other societal welfare programmes. Hitesh Patel, managing director, Dharmanandan, says, We believe that cutting and polishing diamonds is a labour of love. The human touch will remain an integral part of the manufacturing process, no matter how automated the systems get. Kiran Gems employs more than 31,000 skilled professionals who cut 5.7 million carats of rough diamonds annually. Dinesh Lakhani, director, Kiran Gems Pvt. Ltd., says, Kiran Gems ensures that its employees have positive socio-economic conditions so that they remain healthy both mentally and physically. Kiran is known to have not downsized its workforce even in the trying economic conditions of 2008-09. This has helped Kiran earn enormous equity from its employees. According to him, the diamond industry has come of age and is comparable with various industries in terms of work environment, infrastructure, compensation and professional management. Kiran Gems donates to various charitable trusts that provide medical and educational facilities. The company s HR policies are based on the Best Practice Principles. Most of the big diamond companies have trusts through which they conduct philanthropic activities. Many companies apportion part of their profits to include god s share in their partnership understandings. This share is used generously by diamantaires in fields of education, healthcare, employee wellbeing and social upliftment. 50 solitaire INTERNATIONAL November 2013

COVER STORY Industry Overview India s contribution in the evolution of the global diamond industry is immense. India was the only source of diamonds until 1700 AD. Many of the world s finest and biggest diamonds, from the Archduke Joseph, Black Orlov and Hope Diamond to the Koh-i-Noor, originated here. Even today, when someone wears a diamond, there s a high probability that it was polished in India! A staggering 92% of mined gem quality diamonds are polished here. The Indian industry has evolved from polishing near-gem quality diamonds in the early days, to processing some of the best diamonds today in state-of-the-art, ultra-modern factories. Industry patriarchs In the 18th century, the world began finding other sources of diamonds. India soon became a British colony, and with no domestic supplies of rough diamonds, the diamond business ceased here. It was only after a long gap that the wheel turned again when some enterprising Palanpuri Jain merchants entered in polished diamond trade as import agents before independence. Some of the founding fathers and patriarchs of this industry are Surajmal Lallubhai, Amulakhchand Parikh, Kirtilal Manilal Mehta, Mafatlal Mohanlal Mehta, Bagmal Laxmichand Parikh, Kantilal Chhotalal, S.G. Jhaveri, Kirtibhai Doshi, Arunbhai Mehta among others. They set up a buying office in Antwerp and other trading centres in Europe. After independence in 1947, for the next several years the nation s economy was in depression. Several avenues for business and commerce opened up as new policies came into place, and the journey towards progress and development also began for the Indian diamond industry. By the mid-1960s, these pioneering Indians had broken Europe s monopoly over the diamond trade by becoming De Beers sightholders an exclusive and prized title given to a tight circle of diamond dealers to enable them buy rough diamonds at monthly auctions. Now, they had secured rough supply but the industrial development of the nation was a bigger priority, and importing rough meant spending the country s valuable foreign exchange. The diamond merchants thought of scaling up the value chain by commencing exports, and thus the foundation of the great story of the modern Indian diamond industry was laid. This meant more employment and more foreign exchange. The government approved the idea and formal licences to import rough diamonds were allotted in the 1960s. Favourable policies, improving infrastructure and a burgeoning workforce were enabling the Indian diamond industry to flourish further. GJEPC established The Gem & Jewellery Export Promotion Council (GJEPC) was established in 1966, under the union ministry of commerce. It started effectively moulding the scattered efforts of individual manufacturers and exporters. The Council introduced Indian gem and jewellery products in the international market and leveraged existing business relationships to promote exports. To achieve this, the GJEPC provided market information to its members regarding foreign trade enquiries, trade and tariff regulations, rates of import duties, and information about jewellery fairs and exhibitions. Argyle boosts production capacity By 1980, the Argyle mine was discovered in Australia. Production started around 1985 and small, low quality and near-gem quality rough from Argyle started flowing to India. At the same time, the American market began seeing increased demand for low-cost, mass produced diamond-studded jewellery. The combination of market needs, raw material availability, and Indian diamond manufacturing expertise of polishing these low quality stones resulted in the exponential growth of the Indian diamond industry. In the 1990s, diamond manufacturing was aided by advancements in technology; laser systems were introduced and production started achieving newer heights. The strength of this great workforce was increasing day by day, reaching about 6-8 lakh. It was a win-win situation for diamantaires, the government and the polishers. The Indian diamond industry had created an unparalleled success story of job creation and India had once again arrived on the world diamond map. Kathiawadis complement Palanpuris The early 1990s also witnessed the emergence of a new entrepreneurial class of diamantaires, the Kathiawadis, who hailed from the Kathiawar region of Gujarat. They complemented the Palanpuris in their entrepreneurial zeal, and together they were ready to take the Indian diamond manufacturing industry to its well-deserved place, at the top. The Kathiawadi Patels were a farming community. With limited rain in the Kathiawar region, it was a natural progression for them to join the diamond cutting and polishing bandwagon. By now, India had started giving tough competition to Belgium and Israel along with other emerging Asian countries like China, Thailand and Sri Lanka. The Indian diamond industry was divided into small-scale, cottage industry-type operations and had some modern factories. Until now the diamond trade was completely in the hands of the Palanpuri Jain community. But as the scope of diamond manufacturing widened, more and more people from Kathiawar began joining this great workforce. Many of the biggest present-day Kathiawadi diamantaires, worked as employees or polishers in factories owned by Palanpuris. Completely unskilled and untrained Kathiawadis started getting on-the-job training and learned the business from the grass-roots level, and soon started small manufacturing units of their own. The Kathiawadi community s passion, aggression and understanding of the business helped it to climb the ladder of success in a short span of time. Workforce s contribution to industry growth The main factors for an industrial revolution or any particular industry s growth are willing and excited investors, businessmen and entrepreneurs, availability of resources, and a huge flow of hardworking people. The determination and passion of the entrepreneurs and workforce combined can change the game. Indian diamonds are universally prized and the country has emerged as the largest diamond cutting centre in the world. Today, the Indian diamond industry employs more than 1 million people, accounting for 95% of the global diamond industry workforce. In 2012-13, India imported 148.1 million carats of rough diamonds valued at $14.8 billion, and exported 34.9 million carats of polished worth $17.4 billion. Although India pioneered the cutting of small diamonds, its craftsmen are equally skilled at cutting all shapes and sizes of stones, and are even wellversed with faceting coloured diamonds. While money, market and material are a must for development, the real propeller of industrial growth is manpower. The people manning the machines constitute the growth engine of this industry. solitaire INTERNATIONAL november 2013 51