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Commenced operation in 1986, Profesional Diamonds Ltd was engaged in equipment financing to professionals, off-shore rig ticket leasing, financial services in the areas of merchant banking, leasing and hire purchase and technology transfer through joint venture, etc., and arrangement and participation in vendor sales-aid programme. It also exports out and polished diamonds. In view of the change in the principal business of the Company from leasing and hire purchase finance to export of out and polished diamonds, the name of the Company was changed from "Professionals Equipment Finance Co. Ltd." to "Professional Diamonds Ltd." during 1988-89.