He has emerged as a fine manufacturer in the diamond industry and today talks about the diamond markets of India.
Isn’t it wondrous to read more about the successes of some industries that are driven by astute minds and visionary entrepreneurs and owners? Well, the world is filled with too many successful brands and businesses that have brought much glory to their industries, but a few rare brands have gone ahead in turning the scenario of their sectors for the better, bringing in insane growth and development, thriving on the uniqueness they offer to the people they serve. The diamond industry is one, which has seen immense growth over the years, but not all entrepreneurs, makers, and brands have been able to flourish in the industry. However, Vishal Brahmbhatt is an exception and has thrived in the industry outstandingly as a manufacturer under his brand Jasar Diamonds.
Vishal Brahmbhatt serves as the founder of Jasar Diamonds company which buys rough diamonds from producers then manufactures them by cutting and polishing the diamonds. He has now come forward to share his insights on the diamond markets of India, speaking on why diamonds are found only in a few places. He says that large, commercially viable diamond mines are a rarity and explains that there are only 20 major diamond mines in the world, which has not made ample supplies a possibility. Only eleven mines make up 62% of the world’s production of diamonds by carat, and they are getting even rarer. The last major diamond mine was discovered in Zimbabwe in 1997.
Explaining further about the process, Vishal Brahmbhatt says that the producers sell their rough diamonds to manufacturers like him, who then cut and polish the diamonds, which makes for a costly affair. Most of these rough diamonds lose 50-60% of their weight to polished form because of the cutting and the polishing process. Also, this process has been done only in a few centers like Antwerp, Tel Aviv, and Russia, and the majority of the smaller stone in the world (less than 3 carats) are cut in India, followed by China.
He mentions that a lot of development has been noticed in the industry so far, including diamond cutters using sophisticated computer programs, mapping out the most efficient way to cut diamonds, lowering production costs. In recent years, immense advances have been made using sophisticated laser cutting machines that can cut and polish diamonds with minimal human labour.
Vishal Brahmbhatt looks forward to many more advances in the industry in the coming years.
