The board of directors for Lypsa Gems & Jewellery Ltd. approved creating a subsidiary in Hong Kong, though a time frame was not provided, Rapaport reports. Lypsa Gems & Jewellery is based in Mumbai and it has affiliates in Antwerp, Dubai and Moscow. The company's manufacturing facilities are located at Navsari and at SurSez, Surat.
The diamond firm specializes in rough preparation and distribution, catering to small and mid-size diamond manufacturers based in Mumbai and Gujarat. In general, the company deals in diamond below 4 grainers and inventory includes stars, melee and +11 sized round brilliants.
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