GJEPC Hosts 5th India Diamond Week In New York
The Gem & Jewellery Export Promotion Council (GJEPC) in association with Diamond Dealer Club (DDC) organised the 5th India Diamond Week on August 22-25 at the Diamond Dealers Club, 580 5th Avenue, New York.
The main purpose of the four-day event was to create an annual trading platform for Indian diamantaires in the US to fortify business relationships with leading American diamond traders.
About 16 Indian diamond manufacturers from India and the US participated in the event. DDC is the largest diamond trade organisation in the US, and one of the leading diamond exchanges in the world. As in previous years, a networking evening was organised for further exploring business ideas between the event participants.
GJEPC chairman Praveenshankar Pandya said, “The India Diamond Week is one of the major meeting points for both Indian and American diamond manufacturers which fosters the interests of the diamond traders, thereby bringing together the largest diamond manufacturer and the largest diamond and diamond jewellery consuming nation under one roof.
“GJEPC participates in some of the largest and most prestigious trade events across the world. The US, which is now on a positive economic growth trajectory, is a significant exporting destination for India. GJEPC has been creating opportunities for Indian gem and jewellery manufacturers by participating in international shows and organising events focused on the US market.”
The Indian diamantaires that participated were: Bhavna Gems, D. Navinchandra Exports Pvt. Ltd., Dirgh Diamond Pvt.Ltd., Excel Overseas Pvt. Ltd., J.B. And Brothers Pvt. Ltd., Janam Corporation Pvt. Ltd., K.B. Gems, M. Suresh Company Pvt. Ltd., Mohit Diamonds Pvt. Ltd., Rainbow Star, Sejal Exports (India), Shashvat Jewels Pvt. Ltd., Sheetal Mfg. Company Pvt. Ltd., Shyam Corporation, Unique Gems, and Venu Diamond.
India is the largest supplier of diamonds to the US, ahead of Belgium and Israel, with polished exports to that country totalling $63.84 billion during 2015.