Milestones

On the home front, Sunraj Diamond Exports Ltd. has ventured on foreign soil and we have decided to set up a subsidiary of our Indian Listed entity in Dubai. Owing to a steady increase in Client Base and Sales in the Middle East we thought it would be advantageous to have a local presence in Dubai.

The main reason for having a foothold in Dubai can be pointed out as

• Easy availability of loose diamonds and jewellery
• An increasing number of clients looking for a one-stop-shop wherein most materials are sought under one roof
• Dubai is becoming a hub to source Diamonds and Jewellery

These reasons have pushed us in deciding to capitalize on the opportunity and commence activities immediately. We plan to trade Polished Diamonds and Gold and Diamond Jewellery in Dubai.

Capital will be injected into the Dubai Subsidiary under the automatic route.

Details of the same are available below:
Investment by way of Equity – USD 110,000.00

We have to be flexible and try to provide full service to stay ahead of the up-and-coming changes in the industry.

After all, Change is always meant for the better.