The 35th World Diamond Congress, the joint biennial meeting of the International Diamond Manufacturers Association and the World Federation of Diamond Bourses, will be held in Mumbai from October 14 to 17.
IDMA president Moti Ganz said India was the right place for this year’s WDC due to the major role it plays in the global diamond and jewellery industries.
“India is one of the leading manufacturing powers in the diamond and diamond jewellery industry and trade,” he said.
“At the same time, as our industry is going through some very challenging times, both in the rough and polished diamond market, it is also among the first to be affected by those challenges.
“Mumbai is therefore the correct place to discuss the state of our industry and to reach a consensus on how to propel our industry forward and increase its market share in the luxury consumer product market,” he said.
Ganz said that the mini-conference at the Congress will focus “on external and internal issues that confront the diamond industry, as a result of which it finds itself at a turning point today.”