Diamond-dispensing ATM unveiled in India

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THE world’s first ATM to dispense diamonds, as well as gold and silver coins, has been launched in Mumbai, in the latest business venture designed to tap into Indians’ apparently unquenchable appetite for jewels and precious metals, The Times said.

Sanjeev Agarwal, the chief executive of Gitanjali Group, the company behind the machine, said it planned to set up 75 of them in shopping centres, airports and at Hindu temples.