Even from an international perspective, the size of gem and jewelry sectors in India are staggering. Contributing about 7 percent of GDP in the world’s second most populous country’s and almost 16 percent of its total merchandise exports, the two sectors collectively employ more than 4.64 million workers. More than nine out of every 10 diamonds cut and polished each year are processed in India. There is no country quite like it.
But India is also one of the world’s largest diamond jewelry markets, with annual sales worth about $3 billion, making it the third largest consumer of polished diamonds after the United States and China. Sentiments have stabilized since the 2016-2017 fiscal year, when the Indian government’s strict demonetization policy led to sales falling by about 13 percent. This year, demand for diamond jewelry is reportedly steady, with the large jewelry chains in particular demonstrating sturdy growth.
Both the country’s diamond and jewelry industries, and well as its diamond jewelry market will come under the spotlight from August 9 to 13, when the 35th Edition of the India International Jewellery Show (IIJS) takes place at the Bombay Exhibition Centre (BEC) in Goregaon, Mumbai.
More than 1,200 IIJS exhibitors will greet tens of thousands of visitors, coming from 800 cities and towns across India, and from more than 80 countries. It is strictly a B2B show, with entry allowed to jewelry and gemstone manufacturers, importers, traders, retailers and the media.
The show is organized by the Gem & Jewellery Export Promotion Council (GJEPC), which represents some 6,000 exporters in the diamond and jewelry sectors, with its headquarters in Mumbai, and regional offices in New Delhi, Kolkata, Chennai, Surat and Jaipur.
MID House of Diamonds will exhibit at the 2018 India International Jewellery Show in Hall 5, Area 18, Booth OB077-OB079.
MID House of Diamonds’ booths at IIJS will feature a large collection of white and fancy-colored loose diamonds, including blue, pink, green and yellow, in all shapes and sizes from 0.30 carats to plus-10.00 carats. All eight of the company’s international sales offices will be sending much of their top-quality material, among them a selection of rare GIA certified loose diamonds. Also on exhibition will be a collection of unique, high-end diamond jewelry, including rings, necklaces, bracelets and earrings, featuring white and fancy-colored diamonds.
Visitors to the IIJS show are invited to discover what MID is offering by way of the company’s new MID HOUSE OF DIAMONDS app. Designed for smartphones and tablet computers using the Apple IOS and Android operating systems, it has been created especially to meet the needs of the professional diamond trader, tapping into the massive global inventory of merchandise of one of the world’s largest diamond suppliers. It is a fully-functional ordering system. Users are able to conduct detailed searches for specific loose diamonds, receive real-time responses, visually examine the stones and relevant grading reports, view prices and place orders and requests. During shows at which MID exhibits, it will provide information about booth location, directions and live updates.
The new MID HOUSE OF DIAMONDS app can be downloaded free of charge from the Apple and Google Play stores.