The 35th edition of the World Diamond Congress, the bi-annual meeting of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), opened today in Mumbai and will brainstorm ways in which to deal with challenges facing the diamond industry and to ensure sustainable growth.
is a proud moment indeed, as the congress, the most prestigious event
of the two international bodies, WFDB and IDMA, is being held in India
for the first time,” said Anoop Mehta, the president of the Bharat
Diamond Bourse (BDB).
Mehta stated that the congress will
deliberate on issues including the challenge of ensuring full
disclosure and transparency with regards to synthetic diamonds,
declining demand, and the need for the promotion and marketing of
diamonds, among others.
“The congress will serve as the crucial
platform for dialog on burning issues related to the diamond industry
such as consistent rough diamond supply and the Kimberley Process,” said
Vipul Shah, the chairman of the Gem & Jewellery Export Promotion
Council (GJEPC). “We look forward to addressing the issues that plagues
the industry today and come up with firm solutions in a bid to counter
the downturn affecting the progress of the industry in recent times.”
include Avi Paz, WFDB’s president, Gillian Milovanovic, the
Kimberley Process chair, Moti Ganz, the president of the IDMA and Eli
Izhakoff, the president of the World Diamond Council, among others.
The congress, which was inaugurated by Prithviraj Chavan, chief minister of Maharashtra, will end on October 17.