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Lakhi Group Blazes Trail as DTC’s Shine Inaugurates BDB Office

April 10, 11 by Vinod Kuriyan


Dilipkumar Lakhi (left), Varda Shine and Chirag Lakhi at
the inauguration. The company moved its entire Mumbai
operation to the BDB.

(IDEX Online News) - In a move with great significance, De Beers Diamond Trading Company (DTC) CEO Varda Shine, formally inaugurated the offices of Sightholder Lakhi Group at the Bharat Diamond Bourse (BDB) today. A determined Dilipkumar Lakhi announced that this was not just some symbolic move, but a complete move of all commercial operations.

 

“We’re not just moving some of our back-end staff and sorting division, we’re going to be selling our polished from our BDB offices within a couple of weeks,” Lakhi said.

 

He went on to say, “I know there are big challenges in being the only ones operating out of the BDB. People worry that coming here might mean lost sales, etc. However, those who buy goods from the Lakhi Group are not just walk-in customers. They come to us with the specific intent of buying our goods — they know about our detailed assortments and they know they can rely on us for quality and adhere to schedules. These people will come out to the BDB to buy our goods.”

 

Speaking at the occasion, Varda Shine, who was accompanied by a large DTC team, praised the Lakhi group, calling them industry leaders and “a diamantaire’s diamantaire.” She noted how the younger generation had taken an active role in driving the group’s operations, mentioning Dilipkumar’s son Chirag for his role in pushing the group’s rough operations to a new high and his nephew Manish who, she said, had played a major role in developing the group’s detailed polished assortments.

 

The group plans to have operations in full swing within a couple of weeks. “There are some religious observances that we must go through and some fine tuning of the office’s decor and equipment. After that, it will be business at full steam ahead,” Dilipkumar Lakhi said.

 

The Lakhi group is a leading diamond company, manufacturing more than a million carats annually. The group’s Mumbai operation alone generates over $450 million annually. Their decision to move to the BDB is, therefore, very significant and is expected to catalyze and accelerate the move of the entire Indian diamond industry to the suburban bourse from its current downtown Opera House location.

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