Work hard and you will find success

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Leaders to deliberate on marketing and financing of global diamond Industry

08 december 2014

The Gem & Jewellery Export Promotion Council (GJEPC) of India in association with the World Diamond Mark Foundation (WDMF), supported by the Ministry of Commerce and Industry, Government of India, is organizing the first ever-global congregation of diamond leaders in India at the World Diamond Conference in New Delhi on December 11 and 12, 2014 at Vigyan Bhavan, New Delhi, India. H.E. Vladimir Putin, Hon. President of Russia and Shri. Narendra Modi, Prime Minister of India are expected to attend the inaugural function on December 11, 2014.
Many national and international industry leaders of the diamond, banking, jewellery and luxury industry will be convening in Delhi to deliberate on the future consumer market make-up for polished diamonds and diamond jewellery, and to understand what tools and measures are needed to enthuse new generations of consumers for diamonds.  Commenting on GJEPC’s landmark initiative for the global diamond trade, Vipul Shah, Chairman of Gem & Jewellery Export Promotion Council said, “India is the major diamond polishing hub and Russia which is poised to spend significantly in diamond exploration in the future, are natural diamond partners and expected to gain enormously with the direct partnership proposed by the industry. The visit of H.E. Vladimir Putin, Hon. President of Russia to India during the World Diamond Conference is of great significance and we are hopeful that the GOI accepts our proposals for direct sourcing and a Special Notified Zone in India and announce the revised structure at this forum.” With an increasing share of global exploration spending being invested in Russia, which stands at 54% (2013) from 27% (2011) has triggered a renewed focus on trade relations between India and Russia. The MoU on ‘Direct Sourcing of Rough’ between ALROSA and India is expected to be signed during this conference, giving an edge to Russia over other countries such as Dubai and Antwerp.
The conference will dedicate its first day solely to the various aspects of marketing diamonds and diamond jewellery. Ernie Blom, WFDB President,  Maxim Shkadov, IDMA President and Edward Asscher, WDC President will address the opening session, presenting a global perspective on the diamond industry, while Rajiv Mehta from Dimexon will present a report on Indian diamond trade. Among the diamond miners offering their perspectives, will be Stephen Lussier, Executive Director of the De Beers Group of Companies; Ilya Ryaschin, Acting President of ALROSA; Andrey Polyakov, Vice President of ALROSA; Jean Marc Lieberherr, CEO of Rio Tinto Diamonds; and Antonio Carlos Sumbula, CEO of Endiama, Angola.
Government officials who will address the event include Walter Chidhakwa, Minister of Mines and Mining Development of the Republic of Zimbabwe and Ngoako Ramatlhodi, Mining Minister, South Africa.
Alex Popov, Chairman of WDMF will give a perspective of joint industry, marketing strategies and initiative, followed by the insights of the world’s oldest jewellery brand Mellerio dits Meller set forth by President Emilie Mellerio. They will be followed by a panel of eminent jewellers from retail, who will contribute on “Crossing the Last Mile – Excellence in Retailing,” including Wong siu-Kee Kent Managing Director of Chow Tai Fook, Hong Kong; Oded Edelman, Founder & CEO of James Allen, USA; Darshan Mehta, President & CEO of Reliance Brands, India; and Karim Merchant, Group CEO & MD of Pure Gold, Dubai, UAE.
The second day will commence with an opening remark of Rajiv Kher, Commerce Secretary, Ministry of Commerce & Industry, Government of India, followed by a session on "Financing the Diamond Trade in Challenging Times," with the participation of R. Gandhi, RBI Deputy Governor; Erik Jens of ABN AMRO, Kishore Lall, Standard Chartered Bank; Howard Davies, head of commercial development of De Beers; Hasmukh Adhia, Secretary Financial Services, Government of India. Representatives of leading luxury brands, such as C. K. Venkataraman of Titan; Rami Baron, Member of World Diamond Mark will share their insights and advice.
A panel discussion of all global trade associations such as Maxim Shkadov (IDMA), Edward Asscher (WDC), Vipul Shah (GJEPC), Anoop Mehta (BDB), Avi Paz (IDI), Stephane Fischler (AWDC), will discuss on international trade concerns. Mr. Ronnie Vanderlinden (DMIA), Mr. Saunak Parikh (GJEPC) and Mr. Siddharth Joint Secretary, Ministry of Commerce, Government of India, will conclude the two-day conference.

Aruna Gaitonde, Editor in Chief of the Indian Bureau, Rough&Polished