The Round Table Discussion on the 'Future of Diamond Industry in India in 2030' explored and addressed the significant issues that will shape the trajectory of the diamond industry in India over the next decade. The key stakeholders including the industry leaders, policymakers, and experts had an in-depth and comprehensive conversation generating valuable insights and recommendations.
According to the De Beers Diamond Insight Report, India has the third-largest consumer demand for diamonds in the world at approximately $2.35Bn. According to data published by the GJEPC, 14 out of 15 diamonds used in jewellery around the world are processed in India, where the diamond industry directly employs 1.5 million people. With a value of $22 billion, cut and polished diamond exports alone accounted for roughly 5% of India's total merchandise exports in FY 22-23.
Participating in the Round Table were Tom Moses - Executive Vice President - Gemological Institute of America, Vipul Shah - Chairman - The Gem & Jewellery Export Promotion Council, Shreyans Dholakia - Brand Custodian - SRK, Bijayananda Pattanayak - Executive Vice President & Head - Global Diamond & Jewellery Group, Brijesh Dholakia - Junior Chief Executive Officer - HK, Ajoy Chawla - CEO - Jewellery Division - Titan Ltd, Janak Mistry - Managing Director and Group CEO - Lexus Softmac, Parag Shah - Executive Director - K Giridharilal International Pvt Ltd, Nirav Jogani - Partner - Suresh Sarana & Associates LLP and Richa Singh Managing Director India & Middle East Natural Diamond Council.
This story is from the July 2023 edition of The Art of Jewellery.
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This story is from the July 2023 edition of The Art of Jewellery.
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