Diamond Jewellery News

This is with reference to reports in the Media with regards to the GJEPC organised India International Jewellery Show (IIJS), 2009 which is to be held in Mumbai in August this year. The reports have highlighted that a few members and associates from the industry have raised an objection to the proposal to provide non-vegetarian food at the event. The Committee of Administration of the GJEPC has duly noted these objections and has unanimously decided as follows:

“Keeping in mind the religious sentiments and sensitivities of our Industry and its members, the GJEPC Committee of Administration has decided not to offer the facility of non-vegetarian food at the IIJS 2009.

The IIJS is one of the biggest and most prestigious Gems and Jewellery Trade Show of its kind in the world and the second largest in Asia. Organised by the GJEPC, the event attracts thousands of buyers and sellers from across the globe and provides a unique platform for them to interact, observe new trends and designs, share information and transact business. Last year, the IIJS celebrated its 25^th Anniversary with a record-breaking 800 exhibitors and over 40,000 visitorsfrom different countries including Japan, China, Israel, Hong Kong, USA and UK.   This year too, the IIJS 2009 is expected to break all previous records and register a growth across all parameters.

The Israeli Diamond Industry today launched Stage 4 of its strategic marketing program “Together Works”, at a press conference organized by the Israel Diamond Institute Group of Companies (IDI) at the JCK Las Vegas trade show. Stage 4 of this unfolding B2B program makes use of the most advanced tools available on the web today to spread the message of diamonds — in every social media platform from YouTube, Facebook and Twitter to blogs and Linkedin.

The centerpiece of this social media marketing campaign is the launch of the Israeli Diamond Industry YouTube channel http://www.youtube.com/profile?user=israelidiamond. This is the first ever diamond center channel and seeks to revolutionize the diamond industry’s presence on YouTube.  As on-line trade and marketing evolves at a breathtaking pace, the YouTube platform will enable buyers to virtually meet new suppliers, and provides an all important ‘meet and greet’ that is such an intrinsic part of the diamond business.  

To date IDI has uploaded 38 unique videos each featuring a different Israeli diamond company.  IDI produced these image films for YouTube as a service for Israeli diamond companies while introducing them to new and out-of-the-box forms of marketing. This complex project was filmed and edited by a leading film production agency in Israel. The next round of filming is set to take place in the Israel Diamond Center in June 2009 with a long list of companies waiting to embrace this new marketing challenge.

At the press conference IDI also spoke of the development of The Israeli Diamond Industry blog http://blog.israelidiamond.co.il/  which was launched at BaselWorld and has achieved a wide international following. In addition, the trade media was introduced to the new industry face on:  Facebook  http://www.facebook.com/pages/Ramat-Gan-Israel/Israeli-Diamond-Institute/67240223724 ,  Twitter http://twitter.com/isdiam and the professional network. Linkedin http://www.linkedin.com/in/israelidiamond. These features can also be accessed via IDI’s flagship portal in English, Chinese, Russian and Hebrew www.israelidiamond.co.il

Las Vegas, May 30, 2009: The Gem & Jewellery Export Promotion Council (GJEPC) has organized the India Pavilion at, Sands Expo, Las Vegas. The pavilion will have 45 exhibitors acquiring 63 booths spread across a total area of 630 sq meters. India joins jewelers from around the globe in the industry’s premier event; which has over the years evolved as the most desired jewellery event.

 Indo-US partnership has seen remarkable results in the year 2007 when India’s exports of gems and jewelry totaled US$ 19.79 billion, of which 32% was to the US. However, the previous financial year saw UAE emerge as the largest exporting destination with 31% of exports to the market, followed by Hong Kong with 25%, pushing USA to the third place with 20% of exports. Through this event, JCK aims to provide a platform to foster the Indo-US relationship and with the US market already showing signs of recovery, GJEPC is hopeful of leveraging it further to revive the export business.

According to Vasant Mehta, Chairman GJEPC, “We believe that demand for diamond & its prices are more likely to remain relatively untouched by the potential commodity market volatility in the future, once the US and the global economies stabilize. JCK provides a great platform to leverage the trade relationship and plan for an economically progressive 2009-10 that is the industry’s need at the moment”.

 At the Indian Pavilion this year, one will witness Indian craftsmanship at its best with a display of exquisite jewellery collection comprising of high-end diamond jewellery, gold and platinum jewellery, fine jewellery, loose diamonds & precious stones, precious colored gem stones, pearls, beads & silver Jewellery.

India has over the years established itself as the leader in diamond & colour gem stones supplies. Gem & Jewellery Industry today enjoys a leadership position worldwide in manufacturing of diamonds, which is attributed to the in house expertise of cutting and polishing. Today, Indian manufacturers & retailers have attained a global standard which has led to an increased demand for these precious gems from the Indian heartland. The Gem & Jewellery sector accounts for 13% of India’s total merchandise exports while catering to the growing demands of this sector across the globe.

GJEPC, the apex body for the industry is undertaking focused initiatives to help traders boost exports in challenging times.

GJEPC will host a ‘By invitation’, Diamond & Colorstone Show where manufacturers & select overseas & domestic buyers (jewellery manufacturers & Retailers) will form new business relationships & partnerships on 4th & 5th August, 2009 in Mumbai.

 GJEPC has planned additional marketing and promotion initiatives in the current year, some of them include, Buyer seller meets with China and European Nations.

 GJEPC’s flagship jewellery trade event ‘India International Jewellery Show 2009’ is scheduled from August 6 – 10, 2009 where the industry converges in larger numbers (upwards of 30,000 trade visitors). Country pavilions, networking events, informative education seminars and fantastic show features will be an attraction once again, attracting thousands of industry professionals and retailers. This platform will provide an unparalleled opportunity to discover the various facets of today’s India – especially the surge in its business and economic growth.

HRD Antwerp NV and Lexus, the Surat-based expert in diamond processing machinery manufacturing and technology development, have developed a special joint training programme to assist diamond cutters and designers in creating their own unique diamond cuts.

As the diamond manufacturer’s margins have eroded substantially in the last decade, the diamond industry needs to sharpen their skill with more creativity to optimise profit margins.

The aim of the training programme is to help designers to differentiate their diamond from the diamonds available next door and to understand the process of designing and performance optimizing. Also the necessary skill of understanding the light performance will be imparted.

The ‘Cut Designing & Analysis’ course will be given in Antwerp, from June 22-26, 2009, and includes the following topics : understanding the optical properties of diamond, understanding the process flow of designing a new cut, understanding Cut Designer in Diamond Calculator, Generation of XML and ASC file, understanding HDR and ETAS, viewing the polish under various structured lighting, designing standard popular cuts, designing special cuts and optimizing them for performance, preparing ASC file for allocation in rough diamonds, report printing and manufacturing guidelines.

For more information on the training programme : HRD Antwerp – Education

Tel: + 32.3.222.07.09 – E-mail: education@hrdantwerp.be

Mr. Paresh Das – Vice President – Sales & Mktg- Leading Jewelers of the World visited IIGJ Mumbai on 01 June 2009.

He was   briefed and taken around the Institute by Col. (Retd) S.K.Arora , Head of the Institute.He was  highly impressed with the State of the art training facilities available at IIGJ. The purpose of his   visit was to understand the infrastructure and various facilities available in the Institute.

 After going around the Institute, Mr.. Paresh Das commented “ Very proud to be able to visit your  fantastic facility & its heartening you have a very knowledgeable faculty, wish  you’ll a great success”.