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The company mechanised manufacturing to cut costs to below 1%, enabling it to sell jewellery to retail customers at a 'real rate per gram'. The company still does not levy making charges.

Mehta has an aggressive roadmap for his business.

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Emerged as the largest exporter and wholesaler of gold jewellery in India. 1995 Initial Public Offer (IPO) of securities to fund expansion of manufacturing facility.

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The name De Beers has been synonymous to "diamonds" for 125 years so it's no surprise that there hasn't been a diamond company who's been able to unseat the undisputed market leader in diamond mining, manufacturing and retailing.

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"As India is the world's largest diamond manufacturing centre, it is natural that the lion's share of financing exposure is that of Indian companies," adds Even-Zohar.

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Gold mining is the resource extraction of gold by mining.. As of 2017, the world's largest gold producer was China with 429.4 tonnes.The second-largest producer, Australia, mined 289.0 tonnes in the same year, followed by Russia with 272.3 tonnes.

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