The Bharat Diamond Bourse (BDB) in Mumbai said visitors to the second edition of the Bharat Diamond Week at the bourse, to take place from October 8 to 10, will benefit from competitive pre-Diwali prices. The BDB is expanding the scale of the polished diamond fair following the success of the first edition held from April 23-25 where in excess of 1,000 visitors from India and across the world did business with 100 Indian exhibitors of polished goods.
Bharat Diamond Bourse Vice-President Mehul Shah, who heads the Bharat Diamond Week project, said, “Since India is a huge manufacturing hub and the show is being held before Diwali, prices will be very competitive. Those buyers looking for pre-Diwali bargains will find it a highly attractive time to visit the show. With the Diwali festival starting in the beginning of November, traders will be looking to sell goods ahead of the closure of business for the holiday."
BDB President Anoop Mehta said, "India is the manufacturing hub of the diamond world, so visiting the Bharat Diamond Week gives access to a complete range of inventory which you simply don't see at other shows. I can say with total confidence that the show has many exhibitors who don’t participate in any other trade fairs so clients will have access to a whole new world of suppliers."
Mehta said that the team working on the show are putting in place changes learned at the first edition of the fair held in April. "Our aim is to create optimum conditions for our many small and medium-size members. We aim to stage a show that will being them maximum benefit because they need help in a world of strong competition in order to show their goods to potential global clients.” He added that select buyers will again be given complimentary hotel rooms to encourage foreign buyers to attend.
Shah added that a new feature at the October fair will be on-site facilities for checking for diamonds created using the Chemical Vapour Deposition (CVD) method. "It is critical for our business that consumer confidence in our products remains intact. This is absolutely paramount. Consequently, we will have a display of equipment for the detection of such stones so that diamantaires can see the equipment available, how straightforward it is to operate, and the financial outlay involved."
He added that October will be a busy month for the Bharat Diamond Bourse and the Indian diamond trade, with many members of the global diamond industry visiting Mumbai. “Following the Bharat Diamond Week, we will be holding a meeting of the World Diamond Council on October 22 which is being organised by the Gem and Jewellery Export Promotion Council (GJEPC), and then we are hosting the World Diamond Congress from October 23 to 25. We are delighted to be able to hold the meetings here because it is critical that the global diamond industry meets every year to discuss the major issues affecting it. We will also be holding a Bharat Diamond Week in New York from October 29 to 31.”