The second edition of the India Diamond Week, a one-on-one buyer-seller meet, organised by the Gem & Jewellery Export Promotion Council (GJEPC), kicked off in Mumbai today on the sidelines of the World Diamond Council (WDC) Annual General Meeting (AGM) and World Federation Diamond Bourses (WFDB) Meet.
This initiative has 120 buyers from 29 countries meeting one-on-one with 50 Indian diamond dealing firms. The buyers have come from Australia, Bahrain, Belgium, Brazil, China & Hong Kong, Cyprus, Egypt, France, Germany, Ireland, Italy, Israeli, Kazakhstan, Korea, Lebanon, Luxembourg, New Zealand, Russian, Saudi Arabia, South Africa, Sweden, Syria, Thailand, Turkey, UAE, UK, Ukraine, USA and Uzbekistan amongst other countries.
Nirupa Bhatt, Gemological Institute of America (GIA) Managing Director for India & the Middle East, which is the main event sponsor, said at the inaugural event that the GIA stood to provide reassurance to both trade and consumers with its large presence in India, the world’s largest diamond processing centre.
Speaking to the media, GJEPC Chairman Pramod Agrawal and Vice Chairman Colin Shah said the buyer-seller meet was an indication of continuing demand for Indian diamonds in what was otherwise a challenging international marketplace. They added that generic promotions to consumers, now led primarily by the Diamond Producers Association (DPA) which the GJEPC backed strongly, would give impart a much-needed pull from the consumer end that would bolster the push from initiatives such as the IDW.