The event is expected to be a catalyst for strong sales for the diamond sector which has seen a slowdown over the past year and which has been hit by the Coronavirus. More than 150 large, medium and small sized diamond companies will display high quality polished diamonds during the fair, with the BDW playing host to thousands of international and local buyers travelling to the show. There are over 2,500 diamond companies within the Bharat Diamond Bourse.
“Every buyer will have a unique opportunity to tour the marvelous diamond bourse and visit the offices of potential sellers who can supply them with absolutely any diamond they need in any shape, size or colour,” said Anoop Mehta, President of Bharat Diamond Bourse.
Evgeny Agureev, Director of Alrosa’s United Selling Organisation, said that since India is a leader in diamond production, cutting and polishing more than 90% of the world's diamonds, the show was a “never to be missed” event. “India was the first to have cut and polished diamonds and it is by far the world’s largest cutting and polishing centre for diamonds.”
Mehul Shah, Vice President of the BDB, said, “The Bharat Diamond Bourse houses more than 2,500 diamond and allied companies and is the engine for the diamond economy of the world. The Bharat Diamond Week encourages small and medium sized companies who are bourse members to display their products and take advantage of the subsidies offered by the Bharat Diamond Week and transfer them to their customers. This will help build their businesses and give an excellent opportunity and exciting offers and services for buyers during the show,” he adds.
The Bharat Diamond Week is being held alongside the India International Jewellery Show (IIJS) 2020 in Mumbai (August 6-10) and gives visitors and buyers attending the BDW the opportunity to also visit the show. The Bharat Diamond Bourse will supply regular transportation for visitors and buyers between the BDW and the IIJS.