The Mines to Market diamond conference held in mid-March saw a lot of serious introspection by the diamond industry on the issues of finance, transparency, compliance, generic advertising, synthetics and
more. Prime Minister Narendra Modi, who addressed the gathering via live teleconference, asked the industry to get its act together and come up with a comprehensive and practical plan to take the industry forward. The PM also suggested that the industry should study different international markets and drive sales of India’s handcrafted jewellery that will appeal to global consumers. Paying heed to his advice, the GJEPC is now setting up an ambitious plan targeting $60 billion in exports by 2022.
The conference also received a wake-up call from advocate Rohan Shah, who noted that even if the
Industry is divided on every matter; it still stands unified on the issues of disallowing funding of terrorism and opposing tax evasion. If the industry chooses to ignore this warning, it would do so at its own peril, he warned.
Turn to the Cover Story for a detailed report on the proceedings. In a pioneering move, the GJEPC also inaugurated India’s first ever Jewellery Trend Book 2018 in collaboration with the National Institute of
Design (NID). The book was launched by union minister Piyush Goyal, who was the chief guest at the Mines to Market conference.
In what is perhaps a sign of the jewellery industry’s recovery after a few dull months, the two Hong Kong jewellery and gem shows, organised in early March by the Hong Kong Trade Development Council (HKTDC), saw a record number of 4,480 exhibitors and a 6% jump in the number of buyers at more than 85,000, reports our special correspondent Cynthia Unninayar, in Trade Fair.
Solitaire International is India’s leading B2B magazine on the gem and jewellery trade. With more than 20 years behind it, the monthly publication is today recognised in India and the world over as a quality publication in trade journalism. The magazine is referred to by the global trade sector for information on India and its industry. Solitaire International has a readership of the entire organised sector in the Indian jewellery industry and is distributed to all 5500 members of the Gem & Jewellery Export Promotion Council, India’s apex body for the trade. In addition to fixed subscriptions, the magazine is also circulated in over 25 top international trade shows of repute. A personal copy reaches the management of leading jewellery retailers/chains/wholesalers in the US, Europe and the Far East; rough and polished suppliers; mining companies; and financial/industry institutions worldwide.