The Inside Scoop On Wholesale Diamonds In India by HK – One Of The Leading Diamond Manufacturers & Wholesalers Among Top 10 Diamond Companies In India

Posted by Hari Krishna

November 12, 2021

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Holding almost 60% share of the world’s polished diamond market by value,  India is a prominent player in the global gems and jewellery industry.

 

Producing 8 out of every 10 polished diamonds in the global market as per the recent statistics provided by the Gem and Jewellery Export Promotion Council (GJEPC), there exists the biggest market of wholesale diamonds in India. 

 

Not only is it the largest producer and exporter of polished diamonds, but India is also the largest consumer of gems and jewellery products, holding almost 30% of the market share.

 

India and a few top diamond companies in India eternally hold the position of the world’s largest diamond manufacturing and exporting entities since the 19th century.

 

The reason being the industry is well supported by government policies, in addition to the availability of highly-skilled technicians in the state-of-the-art manufacturing units fitted with cutting-edge technology.

 

The polished diamond manufacturing industry market is highly organised with a well-shredded 4-tier structure and is the biggest push above all towards its growth.

 

At the apex of this 4-tier pyramid is the Gem and Jewellery Export Promotion Council (GJEPC) to take the industry to new heights in the global market.

 

GJEPC also looks after the interests of both the government and industry players in the most efficient way.

 

For example, the GJEPC recently signed an MoU with Maharashtra Industrial Development Corporation (MIDC) to build India’s largest jewellery park in Mumbai, which can accommodate more than 5000 jewellery units of various sizes, creating a sizable market for Diamond wholesalers in India. 

 

The largest (privately-owned) enterprises of rough importers and polished exporters of the diamond industry make the 2d tier of this pyramid.

 

However, two companies out of the top 10 diamond companies in India are an exception to this 2nd-tier. First, Metals and Minerals Trading Corporation of India (MMTC) & second, Hindustan Diamond Company Private Limited (HDCPL).

 

The MMTC is the government-owned trading agent of rough diamonds, while the HDCPL is a joint rough trading venture between the Ministry of Trade & Industry of India and De Beers Group.

 

MSEs of the organised sector of the diamond industry make the 3d tier, and MSEs of the unorganised sector of the diamond industry make the 4th tier of the pyramid.

 

Among all the gems and jewellery players in the Indian market, HK takes pride in being preeminently on the top amongst the diamond manufacturers in India by delivering high-quality diamonds consistently for over two decades in domestic and global markets.

 

Hari Krishna Exports is not just like any other diamond manufacturing and exporting company, but a large family of 6,000+ people who work, eat, celebrate, and grow together—hosting quite a generous inventory of wholesale diamonds in India. 

 

HK’s most cherished goal is employee happiness. Thus, employee well-being manifests in every aspect of HK’s functioning and quotidian activities.

 

HK ensures that all its business practices and principles promote the healthy and ethical functioning of the company while upholding the well-being of all its stakeholders.

 

Besides Love and goodwill, HK has developed a unique incentive scheme for high-performing employees and rewards their incredible work with cars, houses, diamond jewellery, and many more.

 

Living up to its promise of delivering diamonds of the highest standards, HK sources its rough diamonds from the stalwarts mines in the world, such as De Beers, Rio Tinto, Alrosa, DDC, etc.

 

HK is also an Approved Manufacturer of Certified Diamonds of Canada Mark and Forevermark under the Mine of Origin program, which makes HK one of the top diamond companies in India.

 

As a member of the Responsible Jewellery Council (RJC), HK strictly adheres to all its norms and deals only in conflict-free diamonds. All sales and purchases of HK are Kimberly Process Compliant.

 

Another reason for standing tall in the marketplace among the top 10 diamond companies in India is HK’s extensive investment in research and development that mark many aspects of its business, products, and work processes.

 

With all these innovations in equipment and processes, HK has created many outstanding designs patented under the names of Fusion Diamond, Imperial Diamond, Magnificence, and Stella.

 

HK is an authorised manufacturer of Christopher Designs. Its collections Moments of Love and Line of Love enjoy prominent positions in the international markets and progress the wholesale diamonds market.

 

Apart from developing outstanding practices on the employee and product side, HK has taken critical steps towards the betterment of its relations with its customers.

 

The introduction of a Fair and Fixed Price Policy for its customers is one of them. HK is the first company out of the top diamond manufacturers in India to initiate such a bold policy in the diamond industry.

 

It has not only made our pricing competitive in the market but elevated the level of customer satisfaction at HK, resulting in increased demand for HK diamonds across the globe.

 

Hospitality and transparency, the attributes that mark exceptional customer services by HK, ensure continuity in relationships. That’s the reason why HK marks a phenomenal 80% of repeat clientele.

 

HK also believes that charity for a deserving cause is a supreme virtue. This thoughtfulness resulted in its various charity arms, including Dholakia Foundation, HK Charitable Trust, etc.

 

HK is well-known for using cutting-edge technology in the diamond industry. Keeping up to the legacy, we have made our inventory of 40,000+ diamonds live on the HK.CO website/app for Smart, Fast, and Easy business.

 

HK diamonds are available in Brilliant Round Cut and more than different Fancy Shapes, ranging from 0.30 to 50 carats plus in size with FL to I3 clarity and D to M Color.

 

Register now on HK.CO to explore the inventory of 40000+ sparkling diamonds…

 

[Note: All the data of the Indian gem and jewellery industry is referred from the GJEPC’s official website and reports.]

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