Diamond News

October 09, 18 by Albert Robinson
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<IDEX Online> – After the success of its first edition and increasing demand from buyers and sellers, GJEPC is all set to hold the 2nd edition of the India Diamond Week in Mumbai from October 22-25 2018. <?xml:namespace prefix = "o" ns = "urn:schemas-microsoft-com:office:office" /?>

 

The India Diamond Week will be held on the sidelines of the World Diamond Council’s AGM and the World Diamond Congress of the World Federation of Diamond Bourses and the International Diamond Manufacturers Association (IDMA).

 

GJEPC Chairman Pramod Agrawal said, “This Diamond Week is distinct, as it will witness key stakeholders of the global diamond trade, with the GJEPC hosting the World Diamond Council’s AGM in Mumbai around the same time. This format of Buyer Seller Meet provides an immense opportunity to discuss business face to face, and strengthen trade ties with buyers. We are overwhelmed with the response with over 100 buyers confirmed to visit Mumbai for the Diamond Week from all major key diamond markets of the world including the USA, China, Hong Kong, Israel, Russia, Europe, South Africa, Turkey, Middle East, Iran, Latin America, Australia, New Zealand, Indonesia and South Korea.

 

“Today, India plays a pioneering role in the development of value-added diamond cutting, with the sector cutting and polishing 14 out of 15 diamonds set in jewelry worldwide with every size, from the smallest to the largest. After creating a niche for itself in the diamond world with small diamonds, India has also developed a skillset for cutting and polishing larger stones and fancy cuts,” he added.

 

Gem and jewelry exports totaled $41 billion in 2017-18. The growth in the sector was primarily driven by...

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