MAC: Mines and Communities

Chhattisgarh Approves Jewelry Center Plan

Published by MAC on 2006-06-28

Chhattisgarh Approves Jewelry Center Plan

By Jeff Miller (Rapaport)

28th June 2006

The government of hascleared the way for a gems and jewelry manufacturing center. Areas were identified for a new jewelry park to encompass some 70 acres of land at Navagaon Village to the tune of Rs 1.7 billion the government reports.

The new jewelry center will cater to diamond polishing and cutting factories. The government hopes to attract some of the eight diamond mining explorers in the region, including De Beers, to set up shop once the jewelry park is completed.

Local press reports that the government has invited potential investors from India to the region for discussions in coming weeks.

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