BDB: Ex­pect Com­pet­i­tive Pre-Di­wali Prices At Sec­ond Bharat Di­a­mond Week

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The Bharat Di­a­mond Bourse (BDB) in Mum­bai said vis­i­tors to the sec­ond edi­tion of the Bharat Di­a­mond Week, which is sched­uled to take place from Oc­to­ber 8th-10th, will ben­e­fit from com­pet­i­tive pre-Di­wali prices. The BDB is ex­pand­ing the scale of the pol­ished di­a­mond fair fol­low­ing the suc­cess of the first edi­tion held from April 23rd-25th where in ex­cess of 1,000 vis­i­tors from In­dia and across the world did busi­ness with 100 In­dian ex­hibitors of pol­ished goods.

BDB vice-pres­i­dent Me­hul Shah, who heads the Bharat Di­a­mond Week project, said: “Since In­dia is a huge man­u­fac­tur­ing hub and the show is be­ing held be­fore Di­wali, that means prices will be very com­pet­i­tive. Those buy­ers look­ing for pre-Di­wali bar­gains will find it a highly at­trac­tive time to visit the show. With the Di­wali fes­ti­val start­ing in the be­gin­ning of Novem­ber, traders will be look­ing to sell goods ahead of the clo­sure of busi­ness for the hol­i­day.”

BDB pres­i­dent Anoop Me­hta said: “In­dia is the man­u­fac­tur­ing hub of the di­a­mond world, so vis­it­ing the Bharat Di­a­mond Week gives ac­cess to a com­plete range of in­ven­tory which you sim­ply don’t see at other shows. I can say with to­tal con­fi­dence that the show has many ex­hibitors who don’t par­tic­i­pate in any other trade fairs so clients will have ac­cess to a whole new world of sup­pli­ers.”

Me­hta noted that the team work­ing on the show are putting in place changes learned at the first edi­tion of the fair held in April. “Our aim is to cre­ate op­ti­mum con­di­tions for our many small and medium-size mem­bers. We aim to stage a show that will bring them max­i­mum ben­e­fit be­cause they need help in a world of strong com­pe­ti­tion in or­der to show their goods to po­ten­tial global clients.” He added that se­lect buy­ers will again be given com­pli­men­tary ho­tel rooms to en­cour­age for­eign buy­ers to at­tend.

Shah said that a new fea­ture at the Oc­to­ber fair will be on-site fa­cil­i­ties for check­ing for di­a­monds cre­ated us­ing the Chem­i­cal Vapour De­po­si­tion (CVD) method. “It is crit­i­cal for our busi­ness that con­sumer con­fi­dence in our prod­ucts re­mains in­tact. This is ab­so­lutely paramount. Con­se­quently, we will have a dis­play of equip­ment for the de­tec­tion of such stones so that dia­man­taires can see the equip­ment avail­able, how straight­for­ward it is to op­er­ate, and the fi­nan­cial out­lay in­volved.”

Shah added that Oc­to­ber will be a busy month for the BDB and the In­dian di­a­mond trade, with many mem­bers of the global di­a­mond in­dus­try vis­it­ing Mum­bai. “Fol­low­ing the Bharat Di­a­mond Week, we will be hold­ing a meet­ing of the World Di­a­mond Coun­cil on Oc­to­ber 22nd, which is be­ing or­gan­ised by the Gem & Jew­ellery Ex­port Pro­mo­tion Coun­cil (GJEPC), and then we are host­ing the World Di­a­mond Congress from Oc­to­ber 23rd to 25th. We are de­lighted to be able to hold the meet­ings here be­cause it is crit­i­cal that the global di­a­mond in­dus­try meets ev­ery year to dis­cuss the ma­jor is­sues af­fect­ing it. We will also be hold­ing a Bharat Di­a­mond Week in New York from Oc­to­ber 29th to 31st.”

Reg­is­tra­tion for the show is avail­able at www.bharat­di­a­mondweek.org

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