The Gem and Jewellery Export Promotion Council of India today inaugurated the 3rd International Diamond Conference scheduled to be organized on 12th & 13th of October 2010. The two day conference will witness Presidents and Ministers from mining countries, delegates from Mining Companies, heads of Retail and Luxury brands, Int. Diamond heads of various banks such as, and other prominent personalities of the Diamond industry. The Conference was inaugurated in the presence of Hon’ble Minister of state for commerce and industry, Shri Jyotiradtitya Scindia who graced the occasion as the chief guest.
“The Gem & Jewellery industry is undoubtedly the fastest growing industry in the world. In India not only does it contribute extensively to the economy but also provides substantial employment opportunities in the country. Diamond Industry in the recent years galloped from one peak to the other primarily due to the forces of the emerging markets & the Asian economy. India is a major diamond manufacturing hub with 11 out of 12 diamonds being processed here. The Ministry of Commerce & GJEPC over the years have combined their efforts to streamline various initiatives that have today propelled Indian Diamond trade to the next level. With Mines to Market initiative, the industry stands to address all the global concerns, forge a solid road ahead, determine all the necessary steps that to be taken to establish and maintain the Global Brand positioning of India. “ Hon’ble Minister of state for commerce and industry Shri Jyotiraditya Scindia said during the inauguration of the conference.
Over the last five years India has been one of the acknowledged leaders in cutting and polishing of diamonds and one of the primary sectors of manufacturing coloured gemstones. Inspite of the recent economic downturn and its impact on Global business worldwide in the recent years, India maintained its performance in the gem and jewellery sector.
“The conference aims at taking stock, of the Diamond Industry globally, and evolving a way forward, with each country presenting a paper on the current mining scenario, future plans, panel discussions, interact, discuss and exchange views on issues and concerns and forge a common way forward. Through such efforts, GJEPC hope to establish India as a complete market from where all needs can be sourced- In short make it a ‘One Stop Shop’ for the global consumers.” Mr Rajiv Jain, Chairman, GJEPC said in his speech.
Notes to the Editors:
The Gem & Jewellery Export Promotion Council is an all - India apex body for Gem & Jewellery representing 5,500 members. Set up in 1966, it operates under the supervision of the Ministry of Commerce & Industry, Government of India.
