The diamond shifts industry is facing unprecedented from a downturn in China's demand, to the rise of sustainability expectations in key consumer markets such as the US, there are numerous challenges. These challenges formed the backdrop for the Bharat Diamond Bourse (BDB) Leadership Series, Polishing Our Future, held on October 11, 2024, in Mumbai. The event marked a critical moment for India, as the world's largest cutting and polishing centre, to assert itself as a stabilizing force amid global uncertainties.
Anoop Mehta, President, BDB, opened the series by acknowledging the current global economic pressures, and highlighting India's position of strength. "Despite economic slowdowns in major economies, and challenges in markets like China, India's economy is positioned to take the world out of the slowdown," he said, pointing to the robust domestic demand and digital transformation sweeping the nation. He was optimistic about India's ability to drive the recovery in diamond demand, and set the stage for discussions that followed.
Building 'Brand India': A Unified Vision for Global Recognition
Mehul Shah, Vice President, BDB, said, "India has long been the backbone of the global diamond supply chain, but we must go beyond just cutting and polishing," Shah remarked. "The time has come to position India as the world's premier destination for the finest diamonds," he added.
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