Gujarat: Trial shipment of Rio Tinto’s rough diamond from Canada reaches Surat SNZ

By: |
January 30, 2021 8:55 PM

The SIDC at Surat's Gujarat Hira Bourse was declared a special notified zone in January last year, and was expected to start functioning six months ago.

Gujarat: Trial shipment of Rio Tinto's rough diamond reaches at Surat SNZWith successful trial shipment, miners are expected to bring their rough diamond consignments at SIDC -- the country's second SNZ for rough diamond trading after Bharat Diamond Bourse operated SNZ in Mumbai. (Representational image)

A trial shipment of rough diamond of miner Rio Tinto from Canada arrived at the Surat International Diatrade Centre (SIDC) on Saturday before it starts operating likely from next month, an official of the Gem and Jewellery Export Promotion Council (GJEPC) said.

The SIDC at Surat’s Gujarat Hira Bourse was declared a special notified zone in January last year, and was expected to start functioning six months ago.

The operation was delayed due to coronavirus pandemic and resultant delay in required permission from the customs department, said GJEPC Regional Chairman Dinesh Navadiya.

With successful trial shipment, miners are expected to bring their rough diamond consignments at SIDC — the country’s second SNZ for rough diamond trading after Bharat Diamond Bourse operated SNZ in Mumbai — likely after the second half of February, he said.

The shipment will be kept here for 4-6 days before being re-exported.

After its re-export, the project will be formally opened for the interested parties, Navadiya said.

The purpose behind the trial shipment is to check the processes related to customs clearance and security system, bringing the consignment to the designated place, and following related rules, he said.

“The purpose of the trial shipment is to ensure that no difficulty is faced when the actual parcels start arriving here,” he said.

Customs department, custodian Diamond and Gem Development Corporation Limited (DGDC) and operator SIDC together conducted the mock trial, he said.

“The SIDC was likely to begin around six months back, but was delayed due to delay in permission from customs department and lockdown.
From next week, miners will be able to officially bring their rough diamond here,” Nevadiya said.

“But all these have been put in place and the mock trial has also been conducted properly. We expect that after mid February, miners will begin to bring their rough diamond here,” he said.

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