GJ Town India

Session on Challenges in Diamond Identification held   Part of the BDB Leadership Series, the topic was presented by Dr. Wuyi Wang, Vice President of Research and Development at GIA and facilitated by Sriram Natarajan, Managing Director of GIA India.   Bharat Diamond Bourse (BDB) hosted a riveting session on the important and well-timed topic of "Challenges in Diamond Identification” as part of the BDB leadership series. The session was presented by Dr. Wuyi Wang, Vice President of Research and Development at GIA and facilitated by Sriram Natarajan, Managing Director of GIA India. Dr. Wang’s session offered valuable insights into the latest development and challenges in the field of diamond identification. Dr. Wang said, “GIA’s decades of independent research into natural and laboratory-grown diamonds is the foundation of our ability to differentiate them with complete certainty. This helps ensure consumer confidence in gems and jewelry, which is vital to the gem &...

  GJEPC welcome for an Interaction on India’s foreign policy  The Gem & Jewellery Export Promotion Council (GJEPC) was privileged to welcome Dr. Subrahmanyam Jaishankar, Hon’ble Minister of External Affairs-Government of India. Dr. Jaishankar was visiting Bharat Diamond Bourse (BDB) at Mumbai for an Interaction on India's foreign policy.  Industry leaders such as Vipul Shah, Kirit Bhansali, Vice Chairman, GJEPC; Anoop Mehta, President, Bharat Diamond Bourse, and Mehul Shah, Vice President, Bharat Diamond Bourse, addressed the pressing concerns, including the shrinking American market, fluctuating global demand, and intensifying competition. Members also highlighted the need for diversification and increased government support to stabilise and grow exports.  Vipul Shah expressed gratitude to Dr. Jaishankar, stating, "We are grateful for your active support in mitigating the impacts of G7 sanctions on Russian diamonds, which has enabled our industry to continue ope...

  Polishing Our Future, concludes with a huge success!   Bharat Diamond Bourse, World’s largest Diamond Exchange conceptualized and organized an important seminar to address Industry members, titled, “Polishing Our Future” on 11th October 2024 at BDB Convention Hall, Mumbai.   Inviting world renowned speakers like Paul Zimnisky, Diamond analyst and expert, Tawhid Abdullah, CEO Jawhara Jewellery Group, Amit Pratihari, Managing Director, India, De Beers, Ananthanarayanan Hariharan, Head Retail and Merchandising, Novel Jewels, Aditya Birla Management Corporation Pvt Ltd, David Bouffard, CEO David Bouffard Consulting LLP, and Devdutt Patnaik, Mythologist and Author.    Bharat Diamond Bourse set the stage for the Diamond Industry members to not only prepare for a sustainable future but also helped participants foresee economic realities and its impact on consumer markets such as US, China, India, and Middle Eastern markets.   The presentations were over two sess...

  Anoop Mehta will continue to lead the diamond bourse!   Bharat Diamond Bourse (BDB) announces the appointment of its new committee members for the year 2024-2025. According to the information, the newly formed committee includes as follow. Sr.no Name Designation 1. Anoop V. Mehta President 2. Mehul N. Shah Vice-President 3. Suresh  C. Shah Hon. Secretary 4. Prakash C. Shah Hon. Jt. Secretary 5. Anup Zaveri Hon. Treasurer BDB is one of the largest and most sophisticated diamond centers in the world! BDB said, our Journey started at Bandra-Kurla Complex in Mumbai from 2010, now with over 4,000 members engaged in import and export, manufacturing and marketing of rough and polished diamonds, BDB has created a business framework to conduct their transactions in maximum convenience and securi...

Register Now for BDB Leadership Series at https://event.bdbindia.org/   Bharat Diamond Bourse (BDB) is proud to announce the BDB Leadership Series: Polishing Our Future, taking place on October 11, 2024, at the Convention Hall, BDB-Mumbai. This event is a rare opportunity to engage with leading figures from the diamond and jewellery industries, and we invite industry professionals to register and be part of the conversation shaping the future of the global diamond & jewellery market.   Sponsored by BDB, GIA and IGI, this leadership series will delve into key market dynamics, challenges, and strategies for growth, focusing on innovation, leadership, and the evolving global trade in diamonds and jewellery. The event will offer insights into the latest market trends, provide networking opportunities, and serve as a platform for knowledge sharing between industry stalwarts and emerging leaders. Key Sessions and Speakers: 1: Amit Pratihari, Managing Director, De Beers I...

Endeavour to explore UAE & India trade partnerships   Abdulla Husein Salman Mohamed Al-Marzooqi, Consul General (CG) of the United Arab Emirates in Mumbai, recently visited the Bharat Diamond Bourse (BDB) to explore avenues for enhancing trade relations between the UAE and India.  The visit included in-depth discussions with BDB leaders regarding potential collaborative initiatives and trade opportunities within the diamond and precious stones sector. During the visit, Consul General Al-Marzooqi commended the Bharat Diamond Bourse's cutting-edge infrastructure, emphasizing its crucial role in advancing global trade and economic development. He lauded the BDB's modern facilities and its strategic significance in the international diamond market.    Bharat Diamond Bourse President, Anoop Mehta, commented, "We are privileged to host Abdulla Husein Salman Mohamed Al-Marzooqi and are delighted to present our advanced state of the art facilities in BDB.  The B...

A distinguished team to address industry challenges   Bharat Diamond Bourse (BDB) had the privilege of hosting a distinguished team from the Gemological Institute of America (GIA) on August 21, 2024.   The visiting delegation included Tom Moses, GIA Executive Vice President & Chief Laboratory and Research Officer; Pritesh Patel, GIA Senior Vice President & Chief Operating Officer; Brandon Pace, GIA Senior Vice President & General Counsel; Jillian Wolk, GIA Vice President of Strategic Initiatives; and Sriram Natarajan, Managing Director of GIA India. The meeting served as a crucial platform for discussing the current challenges facing the diamond industry. The discussions focused on how different organizations may navigate these difficulties and foster resilience and innovation within the sector.    The visit brought together these key industry leaders to engage in critical discussions about the challenges currently facing the diamond sector. ...

Distinguished International Guests remained attended!   Bharat Diamond Bourse (BDB), the world’s largest diamond trading bourse, celebrated Independence Day with an event that highlighted both national pride and international camaraderie. The occasion was honored by the presence of distinguished guests, including Consulate General of Israel, Kobbi Shoshani, and Consulate General of Belgium, Frank Geerkens. The event was opened with a heartfelt welcome from the President of Bharat Diamond Bourse, Anoop Mehta “Independence Day represents a milestone in our nation’s history, and it is a privilege to share this special day with our esteemed international friends.  The presence of Israel Consul General Kobbi Shoshani and Belgium Consul General Frank Geerkens underscores the strong and enduring bonds we share,” Anoop Mehta stated.    The Vice President of BDB, Mehul Shah, acknowledging the sentiments said “We value the partnerships with Israel and Belgium, in 78 years ...

Hosted an insightful knowledge session    Bharat Diamond Bourse (BDB), hosted an insightful Knowledge Session on the implications of the India Budget 2024 on the diamonds and jewellery businesses. The session featured esteemed speakers Rajendra IRS, former Member of the Income Tax Appellate Tribunal (ITAT) Mumbai, and CA Dr. Mitil Chokshi, Partner Chokshi & Chokshi a renowned tax consultant and advisor.   The event was attended by a notable audience of 140 industry members both physical & virtual, reflecting the high level of interest and engagement within the diamond and jewellery sectors.  Key Discussion Points: 1. Direct Tax and Other Taxes: The speakers provided a comprehensive analysis of the changes in direct tax regulations and their impact on business operations within the industry.  2. Controversial Litigations: The session addressed ongoing and contentious tax litigations affecting the sector, offering insights into potential resolutions an...

Commemorates the Silver Jubilee with Thought-Provoking Conclave   Bharat Diamond Bourse (BDB) observed the 25th anniversary of the Kargil War with a solemn and impactful event that blended remembrance with forward-thinking dialogues. The cornerstone of the commemoration was a knowledge conclave titled, Unity in Adversity: Building a Resilient Future, held on July 26, 2024, at the BDB premises in Mumbai.   The day commenced with a poignant wreath-laying ceremony to honor the brave soldiers who made the ultimate sacrifice during the Kargil War. Bhushan Gagrani IAS, Commissioner of the Municipal Corporation of Greater Mumbai, presided over the ceremony, underscoring the enduring spirit of courage and unity exemplified by the Kargil heroes.   The subsequent conclave brought together eminent experts and key stakeholders from the realms of security, risk, and disaster management to delve into the critical role of unity in forging a robust and resilient future. Parti...

A significant milestone for the GJ industry in India!  The Gem & Jewellery Export Promotion Council (GJEPC) announces a significant milestone for the Gem and Jewellery (GJ) industry in India. Following extensive efforts by the GJEPC in collaboration with the Ministry of Finance, the Authorized Economic Operator (AEO) status is now being extended to the gem and jewellery sector.  The AEO program was introduced as pilot project in 2011 vide Circular No. 37/2011 – Customs dated 23rd August. 2011.The AEO program, a crucial part of the broader ease of doing business initiative, has been instrumental in simplifying export operations across various sectors, resulting in significant time and cost savings for exporters. Despite the benefits it offers, the gem & jewellery sector was initially denied participation in the AEO program.  However, through proactive engagement with relevant Ministries, the GJEPC successfully advocated for the inclusion of the gem and jewellery in...