35th World Diamond Congress- Issues Faced By Diamond Making Industry!

Mumbai might be swinging between the soaring rates of Gold and declining rate of gold jewellery sales which is constantly plunging down but some jewellery association biggies like Gems & Jewellery Export Promotion Council (GJEPC) and the Bharat Diamond Bourse (BDB) seem to be on their toes for safeguarding the interests of Diamond makers across the globe. The leading global brands of diamonds assembled for this 3 day event where the trivial possible issues in diamond industry were on debacle.

The host Bharat Diamond Bourse (BDB) and the Gems and Jewellery Export Promotion Council (GJEPC) organized this meet and the focused issues were issues and their solutions and their future sectorial strategy in the midst of the presence of the industry leaders and stakeholders from across the world. To have a glance at the whole event, the organizing committee also facilitated a complete one point access of complete information about the event by launching www.diamondcongress2012.com . All relevant info regarding event’s schedule and program, participating organizations, the hosts, information about registration, the venue hotel and room booking, social tours and post-congress optional programs would be readily handy on the site.

IDMA’s president Moti Ganz revealed that Mumbai (India) has been the perfect venue for the meet due to its contribution to the global diamond and jewellery industries. He further revealed, “India is one of the leading manufacturing powers in the diamond and diamond jewelry industry and trade. At the same time, as our industry is going through some very challenging times, both in the rough and polished diamond market, it is also among the first to be affected by those challenges. Mumbai is therefore the correct place to discuss the state of our industry and to reach a consensus on how to propel our industry forward and increase its market share in the luxury consumer product market.”

India hosted the diamond congress meet for the first time and in 2005 the Bharat Diamond Bourse hosted the joint Presidents’ Meeting of the WFDB and IDMA.

Susan Shabangu, the minister of mineral resources for South Africa and U.S. Ambassador Gillian Milovanovic, the chair of Kimberley Process (KP), presented their viewpoints on key issues of concern to the participating delegates. Issues linked to proposals for changes in the KP as well as broader issues such as benefaction that have been key themes for debate within the industry from the decade or so.

Though the website launched for complete information on the world diamond congress has not been in effect, but soon we expect the mutually agreed solutions and further progression in roaring and friendly policies for diamond makers across the globe.

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