4th India Diamond Week kicks off

The 4th edition of India Diamond Week (IDW) took off yesterday January 18th with 15 leading Indian gem and jewellery companies participating. It will run through January 21st at the Diamond Dealers Club at New York, USA. The event is being organised by the Gem & Jewellery Export Promotion Council in association with Diamond Dealers Club (DDC). % The successful response for the previous 3 editions of IDW, underlines the potential of this platform as an opportunity for the Indian diamantaires to interact with buyers from America to strengthen trade relations further.

GJEPC chairman Praveenshankar Pandya said, “USA is a significant market for our industry, and now has started showing signs of positive economic growth. Although the year 2015 had been a difficult time for the gem and jewellery industry, the only market that showed consistent performance was USA. The exports of cut and polished diamonds to USA accounted for US $ 6,382.80 in 2015 as compared to US $ 6,359.79 in 2014. Gold Jewellery exports to USA accounted for US $ 1,689.94 in 2015 as compared to US $ 1,390.21.”

The Council in its efforts to promote the Indian gem and jewellery industry has been creating opportunity for the Indian gem and jewellery manufacturer, by participating in International shows and organising events focused on US markets. The Council has also organised the Indo-US Business event in this vein.