The Israel Diamond Institute Group of Companies announced Monday that a memorandum of understanding was signed with the All India Gems & Jewellery Trade Federation.

The MOU was signed at a ceremony in Jaipur by C. Vinod Hayagriv, chairman of the All India Gems & Jewellery Trade Federation and Eli Avidar, IDI managing director.

The MOU states that the two parties share the desire to promote positive relations between the Indian Gems & Jewellers Industry and the Israeli Diamond Industry, and to enhance areas of cooperation between them, as well as to intensify the dialogue concerning issues of mutual interest via collaboration between the parties.

This is the second MOU that IDI has signed with India in the past four weeks. The first MOU was signed in November with the Gem and Jewellery Export Promotion Council of India.

JCK