DDC Launches First India Diamond Week

(IDEX Online) – The Diamond Dealers Club (DDC) of New York opened the first India Diamond Week on its trading floor on Monday with almost 100 DDC firms exhibiting.

The event, which continues through August 14, is being held in conjunction with the Gem & Jewellery Export Promotion Council (GJEPC).

DDC President Reuven Kaufman said the aim of such events is to bring life back to the diamond trading floors, as he welcomed diamantaires from India, the manufacturing center of the global diamond industry, for the first time to experience and trade at the largest bourse in the U.S.

“We see this as a tremendous opportunity for India, a pillar of the diamond manufacturing sector, to collaborate on our trading floor, to build relationships and generate business success for our industry,” said Kaufman. “This is our third international show in a year. I’m very excited to watch our trade floor come alive again and watch deals happen in real time.”

The event aims to increase communication between diamantaires and to promote business globally. The DDC anticipates tens of millions of dollars’ worth of goods will be traded at the India Diamond Week.

Previously, the DDC has held such events for the Israeli and Belgian diamond industries.

Among India’s major diamond wholesalers and manufacturers attending the show are D. Navinchandra Exports Pvt.Ltd., J. B. Brothers, Kama Schachter, Kiran Gems, H. K Designs, Rosy Blue, Mohit Diamonds, Interjewels and M. Tarun.