Global Jewellery News – GJEPC to organise India Diamond Week in New York


GJEPC to organise India Diamond Week in New York

MUMBAI, January 18, 2016 – The Gem & Jewellery Export Promotion Council, in association with Diamond Dealers Club (DDC), is organising the 4th edition of India Diamond Week (IDW) from January 18 – 21, 2016 at the Diamond Dealers Club in New York, USA.
The earlier three editions of IDW were a huge success as this platform provided an opportunity for Indian diamantaires to interact with buyers from America.
Commenting on trade relations with the USA, GJEPC chairman Praveenshankar Pandya said, “The USA is a significant market for our industry, and now has started showing signs of positive economic growth.
“Although 2015 had been a difficult time for the gem & jewellery industry, the only market that showed consistent performance was the USA.”
The Council has been proactively creating opportunity for Indian gem and jewellery manufacturers by participating in international shows and organising events focused on U.S. markets.
Apart from India Diamond Week, the Council organised the Indo-U.S. Business Development Conference (BDC) in Chicago in early 2015 which explored further business opportunities between the two nations.
Over the years, India has established itself as the ultimate source for gems & jewellery trade with gem & jewellery exports of US$ 36.05 billion in Jan-Dec 2014, out of which exports of US$ 7.16 billion were to the USA.
India Diamond Week is a platform where significant business transactions and new connections are made by the U.S. and Indian participants.
This time around, along with diamond wholesalers and dealers who are the members of DDC and trade diamonds in New York, buyers from Chicago, LA, Canada, and Florida are expected to participate in the event.