Last week, the Diamond Dealers Club (DDC) of New York, in conjunction with India’s Gem & Jewellery Export Promotion Council (GJEPC), hosted over 65 exhibitors and several hundred buyers at its eighth India Diamond Week.
The event took place at the DDC’s new, state-of-the-art trading floor at the International Gem Tower in Manhattan.
The DDC said in a statement that it is creating trading opportunities in today’s market by welcoming international diamantaires to trade at the largest bourse in the U.S.
“As with past editions of this show, we have once again been successful at achieving our original goal, which is to create a space for people in the industry, from all over the world, to meet together in one place,” said DDC President Reuven Kaufman. “What makes this show a success is that it gives companies the opportunity to build on previous introductions and relationships, established in previous editions of the show, on a biennial basis. We find that not only are the exhibitors returning year after year, but buyers continue to attend in order to maintain those relationships. Especially in today’s market, we see this show as a tremendous opportunity for companies to stay relevant and connected to others in the industry. The response to our new space has been incredibly encouraging, with many companies from both New York and overseas agreeing that this is the place to trade diamonds in New York.”
Venus Jewel had an enthusiastic response to this year’s show. Digesh Shroff said, “It was a busy show; the new place seemed to be vibrant, with better arrangements… Overall it was a positive show and we look forward to coming again every year.”
Rushabh Shah from Excel Overseas said he has been attending since the first India Diamond Week in 2014. Shah said, “The show was great for us, we come back every time, and we always get at least four or five new customers. We plan on coming back for every future show.”