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First India Diamond Week in New York Exceeds Expectations
Aug 15, 2014

The first India Diamond Week, held in New York, USA from August 11th to August 14th, 2014 concluded with companies on both sides of the aisle expressing great satisfaction at the business done and opportunities it presented.

The Diamond Dealers Club and the GJEPC in a collaborative effort had organised the event to provide a platform for US and Indian companies to meet face-to-face and network as well as do business. There were a total of 80 companies (60 from the US; and 20 from India) participating. “Significant business transactions and new connections were made on the DDC’s trading floor by U.S. and overseas participants, including DDC members and exhibitors from abroad,” said a DDC Press Release after the event.

DDC president Reuven Kaufman, speaking at a cocktail reception during the event said, “I was thrilled to see all the tables, all the aisles, completely full. By hosting India Diamond Week, and other shows at the DDC, we are witnessing new relationships forming, business deals happening – our trading floor coming alive again.”

The GJEPC’s vice chairman, Pankaj Kumar Parekh was equally enthusiastic. “We were delighted at the opportunity to participate,” he said. “Our relationship with the DDC is very strong. We complement each other. The event was so successful that India diamantaires are already eager to come back to the DDC next month!”

One of the participants, Ashok Nadoda of Shree Ramkrishna Exports Pvt. Ltd., said, “This is the destination for us to meet our customers and grow our business. We do more than 50 per cent of our business online. By being here, this is the best way we can meet people, which helps increase our business tremendously.”

Mitesh Zaveri of Hari Krishna Exports Pvt. Ltd., lauding the efforts of the DDC for conceiving and creating the show said, “We didn’t know what to expect and we’re very pleased with the results. Now that we participated in this show, we’ll come up with new goals so we can sell more next time.” Local wholesalers and diamond companies also noted that the DDC’s India Diamond Week presented them with an opportunity to network face-to-face, build new relationships and maintain bonds with companies they don’t usually interact with in person, which is critical to business and making deals. Henry Desai of Bluerays Inc., a local manufacturer and wholesaler said, “It’s important to build new relationships and maintain bonds with these companies.”

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