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Incorporated as a private limited company in Sep. '89, Alka Diamond Industries was converted into a public limited company in Oct. '94. The company was promoted by Gopal M Verma and K S Verma. The company is engaged in the export of polished diamonds. Other than exports, it also trades in diamond studded jewellery. It buys raw materials from Antwerp, Belgium. These rough diamonds are then cut and polished in India, before being exported.