The Lab Grown Diamond and Jewellery Promotion Council (LGDJPC) held its inaugural International Lab-grown Diamond Jewellery Show in Mumbai concurrently with the then ongoing India International Jewellery Show (IIJS) from August 9 to 12, at an adjacent venue.
The show featured over 70 exhibitors and organisers said it saw 25,000 trade visitors. Visitors to the show included top-echelon management of De Beers, the Bharat Diamond Bourse (BDB), major Indian diamond firms and Swarovski.
The show was inaugurated by Somchai Phornchindark, President of the Gems, Jewelry & Precious Metal Confederation of Thailand. The guest of honour was Atul Jogani of the Thai Gem and Jewelry Traders Association (TGJTA).
Phornchindark said in his inaugural remarks that the lab-grown segment has huge potential and that the inaugural trade show would be a catalyst for growth. Jogani commented that the price points of lab-grown diamonds opened the door to the mass market.
LDGJPC Chairman Shashikant Dalichand Shah announced at its conclusion that a second show would be held in December. Gem & Jewellery Skill Council of India Chairman Sanjay Kothari observed that the lab-grown diamond segment was a good one and would occupy its own slot I the marketplace.