A delegation of buyers from China participated in the maiden edition of the India International Diamond Week, and successfully networked and closed business deals with exhibitors, according to the event organizer.
The group, composed of more than 50 buyers from 35 Chinese companies, was coordinated by the Shenzhen Rough Diamond Exchange and the Guangzhou Diamond Exchange.
Organised by the Gem & Jewellery Export Promotion Council (GJEPC), the event was held in Sahar, Mumbai from November 7 to 9. The first diamond week featured 48 major Indian companies. Nearly 115 international buyer groups from 11 countries including China, the US, Turkey, Russia and South Korea, to name a few, were invited to attend the event.
A buyer-seller meet was held during the first two days of the diamond week wherein buyers met and interacted with selected exhibitors. The meetings were arranged according to their purchase requirements. The third day of the event featured an open trade show.
According to GJEPC, a number of Chinese buyers remained in Mumbai to make purchases and finalize deals at the exhibitors’ offices in the Bharat Diamond Bourse.
“A show focused on the one-on-one direct interaction between buyers and sellers proved to be extremely successful,” remarked GJEPC Chairman Praveen Shankar Pandya. “Experience has shown us that this is the most appropriate format to trade loose diamonds and it enables buyers to easily find the right goods.”
Pandya said GJEPC had held similar events in the US and China and is planning to hold future diamond weeks in other countries.
News Source: gjepc.org