Bharat Diamond Bourse welcomes GJEPC's diamond sales initiative

The Bharat Diamond Bourse (BDB) in Mumbai issued a statement, welcoming the announcement made by the Gem and Jewellery Export Promotion Council (GJEPC) that the umbrella organization of Indian diamond, gem and jewelry industry and trade would  be holding a separate Buyer-Seller meeting in in parallel to the third edition of the Bharat Diamond Week (BDW) which takes place at the bourse from 14 to16 October.

The GJEPC will be holding its Third India Diamond Week Buyer-Seller Meet in Mumbai from October 15-17.

"I am delighted that the GJEPC event will be taking during the time of the Bharat Diamond Week," said Bharat Diamond Bourse Vice-President Mehul Shah, who heads the BDW. "It is critical for the Indian diamond industry that we have these two special events taking place. The fact that they are taking place at more or less the same time creates a great deal of excitement and many business opportunities. We are delighted to welcome all visitors to the GJEPC event to take part in the Bharat Diamond Week."

Registration for the BDW opened at the end of last month, with scores of companies from India and across the world already registered. The 2019 BDW follows the first two such diamond fairs held last year, and will host delegations of buyers from China, Australia, and various Asian countries, which will greatly increase the number of visitors and buyers taking part, the organizers said.

The second edition of the Bharat Diamond Week of October 2018 hosted more than 1,000 visitors from India and across the world who did business with 150 Indian exhibitors of polished goods.

Mr. Shah said: "We will be hosting delegations of foreign buyers as well as buyers from Israel, Dubai, some European countries and India. Our Guest of Honor will be the President of the Shanghai Diamond Exchange (SDE) Lin Qiang who is also the Vice President of WFDB. He will be leading a delegation of members from the SDE, and he will open the fair. I believe this is another step in broadening our links with the Shanghai Diamond Exchange which is an important part of the global diamond family."

He added that, as with the two previous shows, the Bharat Diamond Bourse will provide selected buyers with complimentary hotel accommodation. "The Bharat Diamond Week provides members of the BDB with the opportunity to show the world the very large range of diamonds it can supply. We want to connect buyers and suppliers in a comfortable and relaxed environment in order to save them time and money. We will be allocating around 150 complementary hotel rooms for foreign buyers, so I would suggest that members of the diamond industry in India and worldwide register straight away. Priority will be given to visitors who are members of bourses affiliated to the World Federation of Diamond Bourses (WFDB), but all members of the diamond trade across the world are welcome to participate."

Trading of synthetic or lab-grown diamonds is banned in the BDB, so there will not be any such diamonds traded at the BDW.

Photo: President of the Shanghai Diamond Exchange (SDE) Lin Qiang will be the Guest of Honor at the 2019 Bharat Diamond Week.