Subrahmanyam Jaishankar, External affairs minister of India, visited Namibia and met with Ankit Gems directorate in a bid to strengthen ties between the two countries.
The minister expressed his appreciation for Ankit Gems' efforts in strengthening economic ties between India and Namibia. The discussion revolved around exploring new avenues for collaboration, technology transfer and exchange of expertise, to further boost diamond manufacturing business in both countries.
The meeting served as a platform to discuss and strengthen bilateral trade relations between India and Namibia, and to further explore opportunities for growth and collaborations for mutual benefits and development.
Ankit Gems has been processing rough diamonds in Windhoek, Namibia for more than 10 years. The company operates two additional cutting factories in Surat, India, and in Gaborone, Botswana.
The company deals in gem-quality diamonds weighing 0.50ct to 5cts majorly and up to 10cts overall. In 2021, its turnover was valued at around $300 million.
Ankit sources rough diamonds from DTC Namibia, DTC Botswana and ALROSA as a sight-holder, and also from other major mines through its Antwerp office.
