The Bharat Diamond Bourse, the world’s largest diamond bourse, a multistoried complex with a floor area of over 2 million sq, ft. housing 2,500 diamond offices and situated at Bandra East, Mumbai, has announced the holding of its first ever international diamond week, christened, BHARAT DIAMOND WEEK, from April 23 to 25, 2018. India being the largest diamond manufacturing centre in the world and an important diamond trading centre, with a large stock availability and a maximum inventory of the entire range of diamonds, organizers of the BHARAT DIAMOND WEEK anticipate a very favourable international response from diamond bourses and dealers around the world. The organizers of the event expect the participation of at least 1,000 visitors, buyers and dealers from India and abroad in the first BHARAT DIAMOND WEEK in which 225 Indian companies are slated to display their polished diamond products of all sizes, cuts and colors to buyers from across the world.
Initial response to the announcement has been very encouraging and the Vice-President of The Bharat Diamond Bourse (BDB) Mehul Shah, Head of the Diamond Week Project said, “We have seen enormous interest in the Bharat Diamond Week, which was previously called the India Diamond Week, in just the two weeks since we initially announced it. We expect formal registration to start towards the end of February with the launch of the BHARAT DIAMOND WEEK website, but companies have already been contacting us to register their interest.”
Continuing further, Mr. Mehul Shah said, “We knew there would be strong interest in the Diamond Week, because India is such an important polishing and trading centre, and we are delighted with the initial response,” adding that the BDB will be booking around 200 complementary hotel rooms in order to host foreign buyers who will be taking part.
Mr. Shah added that priority will be given to members of bourses affiliated to the World Federation of Diamond Bourses (WFDB), but all members of the diamond trade across the world will also be encouraged to attend.
The inaugural BHARAT DIAMOND WEEK is held with a view of boosting the business of the entire bourse, which also includes the smallest companies and individual players. The organizers have made arrangements for the setting up of 200 standardized booths of the same size, within the bourse and companies who wish to take part will be invited to apply, to reserve their booths. Each successful applicant company will be eligible for the allocation of only one booth, in order to enable a wider participation of companies in this important event.
According to the organizers visitors to the event who will be moving around the booths inside the bourse will also be encouraged to visit the Trading Hall, where individual players will be able to meet them. This arrangement has been put in place in order to allow the benefits of the BHARAT DIAMOND WEEK to have a ripple effect and cover many more diamantaires than just those in the booths.
Commenting on the holding of the inaugural BHARAT DIAMOND WEEK, Anoop Mehta, President of BDB said, “Our expectations have already been exceeded, and we are very excited about just how many buyers are going to attend. The need for such a Diamond Week in India is clear. As the world’s major manufacturing centre and the heart of global diamond trading, there is no better place for buyers to come to view an incredible range of polished stones. We have literally every type, size and color of diamonds available.
Continuing further, Mr. Mehta said, “I strongly recommend that our friends and colleagues from around the world be in touch with us to register their interest even before the official registration site goes online. We don’t want anyone to be disappointed because this is going to be an extraordinary event. It’s not just about transactions, it’s also about making contacts and networking which is a vital element of our business,”
Apart from business transactions, making new contacts and networking, the BHARAT DIAMOND WEEK will also focus on a contemporary issue that has become a cause of serious concern for the international diamond trade, viz. the detection of synthetic diamonds entering the natural diamond supply chain. Special seminars and meetings have been organized to discuss the issue of synthetics, and the BHARAT DIAMOND WEEK will feature a display of a range of synthetic diamond detection equipment, with competitively priced services. According to Mr. Mehul Shah the synthetics part of the Diamond Week is going to bring a great deal of added value for attendees, with the latest updates on this important issue.
The organizers of the Diamond Week have also planned for a range of activities in the run-up to the Bharat Diamond Week, which includes a cricket tournament from April 8 to 15, 2018 in which 12 teams will participate. Players from the following companies and organizations are due to take part in the tournament. They are :- Asian Star, Ankit Gems, Bharat Diamond Bourse, Mahendra Brothers, Blue Star, Palanlur Samaj Kendra, Jewelex, Venus Jewel, Shree Ramkrishna Exports, GIA, Rosy Blue and Jasani
According to Mr. Mehul Shah, the next two months will witness many events as final preparations are made for the diamond fair. “This is an exciting time for the Indian diamond industry as we create a major show that will concentrate the global diamond industry’s attention on the Indian diamond trade from the smallest players to the largest,” concluded Mr. Shah.