BDW concludes with a high note
Schedule
for 2019 announced! BDW next
From
April 1-3, 2019, and during October 14 to 16
The
second edition of the Bharat Diamond Week concluded with a high note. Virtually
every exhibitor expressed a success note. Many said they played well and beg a
business as well as good inquiry. Though some of the exhibitors referred a
strong US dollar & weakness of Indian Rupee & said, they could not deal
domestic players. While many players recorded business in the scenario by
announcing some discount or an offer!
On
the concluding day, Mehul Shah, Vice President- BDB was in the dome. By casting
his concluding statement he said, well every player knows their business &
also knows to carry a deal with in the best practice. Yet, at the dome, we- BDB
is here to support MSMEs & SMEs.
Expressing
on dollar- Rupee scenario he said, nobody in the dome is retailer who counts on
daily sales. We are here for relationship & networking. Our diamond
business is all about to offer a proper product mix on the back of healthy
relationship.
The
second edition of the Bharat Diamond Week was officially opened at the Bharat
Diamond Bourse (BDB). The October 8-10 polished diamond fair was officially
opened by Mr Andrei Zhiltsov, Consul General of the Russian Federation in
Mumbai, and Mr Evgeny Agureev, Director of ALROSA's United Selling
Organisation.
Mr
Zhiltsov said: "It is a great honour to be here at the centre of the
global diamond industry. Up to 90% of polished diamonds in the world originate
in India.
This country was the first to cut and polish diamonds, and India is
by far the world's largest cutting and polishing centre. In addition, Russia is
the largest producer of rough diamonds, and I would say that our countries are
therefore made for each other."
Meanwhile,
Mr Agureev congratulated the BDB on holding its second polished diamond fair:
"We have an excellent relationship with the Indian diamond market which
accounts for 52% of our sales of rough diamonds," he commented.
BDB
President Mr Anoop Mehta described the breadth of the Indian polished diamond
market and the scale of goods available. The exchange has 5,000 members, with
2,700 offices and 80% of the world's diamonds pass through the bourse. As a
result, it is makes perfect sense for diamond companies to visit Mumbai for
their buying needs.
He
also announced that the Bharat Diamond Week would take place twice a year in
April in October. The next show will take place from April 1-3, 2019, while the
second fair next year will be held from October 14 to 16.
"India
and Russia have close ties, and the BDB hopes for ever stronger ties in order
to expand rough sales, and also for the Russian consumer market to open up to
the sale of India's polished diamonds and jewellery. We are also looking for
ALROSA to increase the number of viewing days of rough diamonds at the India
Diamond Trading Centre (IDTC), where diamonds can be shown for viewing and then
taken back for the tender process."
BDB
Vice President Mr Mehul Shah, who is responsible for the Bharat Diamond Week
project, welcomed visitors to the polished diamond fair, saying that once a
stranger enters the BDB, he is no longer a stranger but a member of the BDB
family.
He thanked the large team at the BDB for their efforts in making the
polished diamond show a reality, adding that 120 Indian polished diamonds
companies were exhibiting a wide range of goods in all shapes, colours and
sizes and that the fair was especially aimed at assisting small and
medium-sized firms.
"The
small and medium-sized enterprises (SME) in the diamond industry are facing
many challenges," Mr Shah said. "They do not receive bank finance or
full value for their diamonds. Sourcing diamonds is also difficult for them.
The Bharat Diamond Week was created to uplift the lower and middle segment of
the diamond business, and we are committed to strengthening the SME
sector," he added.
The
BDB provided 100 free flight tickets for selected buyers to create more sales
opportunities for the exhibitors. The buyers who have been selected are from
Turkey, Thailand and India. The bourse is also providing 150 rooms for
international buyers at a hotel close to the BDB. More than 750 visitors from
India and overseas registered for the show.
The
Bharat Diamond Week is also providing on site facilities for checking diamonds
created using the Chemical Vapor Deposition (CVD) method. "It is critical
for our business that consumer confidence in our products remains intact. This
is absolutely paramount. Consequently, we have a display of equipment for the
detection of such stones so that diamantaires can see the equipment available,
how straightforward it is to operate, and the financial outlay involved,"
Mr Shah said.
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