The Bharat Diamond Bourse (BDB) in Mumbai has welcomed the announcement from the Gem and Jewellery Export Promotion Council (GJEPC) that it will be holding a specially organised Buyer-Seller meeting at around the same time as 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 3rd 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 where their entry will be smoothly organised.”
BDB President Anoop Mehta is also upbeat about the two large events taking place in Mumbai. “The Bharat Diamond Bourse and the Gem and Jewellery Export Promotion Council are the two largest and most important organisations representing our trade in India and promoting it abroad. I am very happy that these two events will be taking place during the same week as it helps us create a critical mass of attendees. We welcome all visitors and buyers to the Bharat Diamond Bourse.”
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 last October 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 Honour 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.”
Each Indian company that wins the right to display at the Bharat Diamond Week is entitled to one booth only. Trading of synthetic or lab-grown diamonds is banned in the BDB, so there will not be any such diamonds traded at the BDW.