Diamond Administration of China boosts ties with Indian trade

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Diamond Administration of China boosts ties with Indian trade

MUMBAI, January 4, 2012 – A delegation of senior officials from the Diamond Administration of China (DAC) visited India at the end of December and met Gem & Jewellery Export Promotion Council (GJEPC) representatives to improve their understanding of Indian diamond manufacturing and to boost cooperation in the diamond business.
The delegation visited Bharat Diamond Bourse in Mumbai, one of the main diamond trading centres in India, and toured the customs office and diamond manufacturing unit to have a better understanding of the diamond manufacturing process in India.
The DAC introduced the Diamond Cultural Festival in China, during which they educated youth about investing in diamonds.
DAC members said they are working to promote cooperation with other diamond bodies including the GJEPC.
The GJEPC and the DAC agreed to promote diamond demand in India and China by educating consumers, creating innovative programmes and improving marketing to consumers.
The GJEPC has expressed an interest to be part of the Diamond Cultural Festival held in China.
The DAC group was led by Zhang Bin, Assistant Chairman, Diamond Administration of China, JiGuangyu, Deputy Director, Diamond Administration of China, Wang Tiefeng, Deputy Commissioner, Pudong Customs,Liu Feng, Deputy Director, Shanghai Entry-Exit Inspection and Quarantine BureauCao Lu, Vice Director Researcher, Shanghai Local Taxation Bureau.
The GJEPC was represented by Sanjay Kothari, Vice-Chairman, GJEPC, Vasant Mehta, Chairman, IIGJ and Special Diamond Advisor to China, Bakul Mehta, Convenor, Diamond Panel, Sabyasachi Ray, Executive Director, GJEPC, and other members of the Diamond Panel Committee of the Council.