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Beau Sancy diamond

PARIS - The 400-year-old "Beau Sancy," one of the world's oldest an[..]

Elizabeth Taylors Diamonds on Auction

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Diamond-Dispensing ATM

Diamond-Dispensing ATM

Published on 28/10/11


Gold ATM vending machines have been popping up all over the world this year, so instead of following the trend, Mumbai became the first city in the world to launch a diamond-dispensing machine.
The Gitanjali Group, which claims to be the world's biggest integrated manufacturer of branded jewelry, opened the machine in a luxury shopping mall in the city Sunday and said that it already served a "substantial number of customers."
It hopes to roll out 75 more of the ATMs -- which also sell gold and silver coins -- in shopping malls, airports and at Hindu temples.

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