Diamonds are forever, a famous James bond film. However, good news is that now you can also have it forever from Bangladesh. Recently, Bangladesh has become a pioneer in manufacturing beautifully designed diamond jewelry. Precision and other attractive design allowed Bangladeshi diamond jewelry to be exported to countries like USA, Canada, Europe, Japan, Middle East and to other developed countries. Though current early export is nearly 7 million USD. However Bangladesh has only one factory at present. India is earning a lot in this sector as they have the world’s largest cutting and polishing industries in Gujrat (Surat), roughly 90 % of worlds diamonds are processed here.
Obstacle: in order to set up cutting & polishing industry from uncut diamond the respective industry must obtain KPCS(Kimberly Process Certification Scheme) certificate
Prospect: Bangladesh has a great prospect in this sector as this is mainly a kind of craftsmanship that require human intervention. And the good news is most of the workers in this industry is of Bangladeshi origin. A small industry setup cost is roughly 0.75 million USD. However, more investment can yield more profit. Proper investment can provide an employment opportunity of 40,000 workers and the earning can be