India, one of the major hubs of polished diamonds, along with gems and jewellery has not really had an exclusive show for polished diamonds until Bharat Diamond Week (BDW) was conceptualized by Bharat Diamond Bourse. Considering every other rough gets cut and polished in India, it only made sense to have a show that gave exposure to the manufacturers present in the premises of BDB. Today, as the industry is witnessing a flurry of problems in the form of an economic crisis, lack of demand, inflation and a general apathy towards diamonds in the minds of consumers, shows like BDW is set to promote polished diamonds and bring in more optimism in the industry.
The show was dignified by the presence of Evgeny Agureev, CEO, United Selling Organisation, ALROSA and Nanhai Yan, Vice President, Shanghai Diamond Exchange. Anoop Mehta, President, BDB, spoke of the importance of hosting such shows in the prevailing crisis. “There are many exhibitions across the world and our members are participants in all of these. When business is going through a hard time, organizations such as ours is supposed to do something more and that is how BDW was conceptualized. We communicated to all the retailers in the country that we wanted to enable some exposure for the smaller manufacturers and get them to meet the biggest buyers in the world. 92 per cent of diamonds in the world is exported from here. This is the best place for anyone who wants to source diamonds whether smaller size or in bulk or round cuts or even tailor made,” he said.
This story is from the November - December 2019 edition of Diamond World.
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This story is from the November - December 2019 edition of Diamond World.
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