GJEPC Had Successful Diamond Week in New York

Pankaj Parekh
Pankaj Parekh

Mumbai: The Diamond Dealers Club (DDC) and the Gems & Jewellery Export Promotion Council (GJEPC) have praised the success of the first India Diamond Week held at the bourse last week.

The DDC said that “significant business transactions and new connections were made on the DDC’s trading floor by U.S. and overseas participants”.

“The four-day exhibition, following on the heels of Antwerp Diamond Week and Israel Diamond Week, welcomed diamantaires from India to the U.S. This is the DDC’s third major initiative in only a few months to draw new audiences and forge bonds between diamantaires at the center of the diamond trade – New York City’s Diamond Dealers Club.”

GJEPC Vice-Chairman Pankaj Kumar Parekh said, “We jumped on the privilege to participate when it was offered to us. Our relationship with the DDC is very strong. We complement each other and can’t survive without one another. The event was so successful that India diamantaires are already eager to come back to the DDC next month.”

DDC President Reuven Kaufman told guests: “I was thrilled to see all the tables, all the aisles, completely full. By hosting India Diamond Week, and other shows at the DDC, we are witnessing new relationships forming, business deals happening – our trading floor coming alive again.”

Ashok Nadoda of Shree Ramkrishna Exports Pvt. Ltd, one of the largest diamond manufacturers in India, said the show was a totally new experience. “This is the destination for us to meet our customers and grow our business. We do more than 50 percent of our business online. By being here, this is the best way we can meet people, which helps increase our business tremendously,” he said.

Mitesh Zaveri of Hari Krishna Exports Pvt. Ltd, commended the DDC for conceiving and creating the show. “We didn’t know what to expect and we’re very pleased with the results,” he said. “We sold a nice amount of goods. Now that we participated in this show, we’ll come up with new goals so we can sell more next time.”

Local wholesalers and diamond companies noted that the DDC’s India Diamond Week presented them with an opportunity to network face-to-face, build new relationships and maintain bonds with companies they don’t usually interact with in person, which is critical to business and making deals.

Henry Desai of Bluerays Inc., a local manufacturer and wholesaler said, “It’s important to build new relationships and maintain bonds with these companies.”

WFDB and DDC Honorary President, Eli Izhakoff said, “It’s a pleasure for me to see the reemergence of the DDC. The manifestation of this event, following the recent shows, brings people together to create new energy on the trading floor. I’m looking forward to watching the DDC continue to blossom under Reuven Kaufman’s careful and dutiful guidance.”