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Classic Diamonds (India) shuts down Surat factory

02 Feb 2012 Evaluate

Classic Diamonds’ Surat factory has not been operational fully from the past two months due to which it has been shut down completely from around the second fortnight of the last month.

The company was previously a site holder with DTC and used to procure rough diamonds in significant quantities for which it required huge production capacity but in the recent past the company has surrendered its site with DTC.

Since the company is now no longer a site holder, it does not require such huge production capacity. With the decrease in stock holding the company did not require such huge manufacturing facility and the required production can be undertaken from its present factory at Andheri.

Classic Diamonds is an India based diamond manufacturing company whose principal activity is to cut, polish and market fully processed, polished and rough diamonds and gold-studded, jewellery.

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