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Thailand’s Leading Gems and Jewelry Bodies to Take Part in Bharat Diamond Week

Bharat Diamond Bourse signs agreements with major Thai Gem and Jewelry Association for October 14-16 polished diamond sales week.

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Mr Mehta, Mr Shah, CIBJO President Gaetano Cavalieri, World Diamond Council President Stephane Fischler and representatives of the Thai gems and jewelry bodies and the BDB following the signing ceremony.

(PRESS RELEASE) MUMBAI, INDIA – The Bharat Diamond Bourse (BDB) has signed a memorandum of understanding with Thailand’s leading gems and jewelry associations for participation in the Bharat Diamond Week (BDW) which takes place at the bourse from October 14 to 16.

BDB President Anoop Mehta and Vice-President Mehul Shah signed the agreement with Thai Gem & Jewelry Traders Association President Porntiva Nakasai, and the Gems, Jewelry & Precious Metal Confederation of Thailand (GJPCT) President Somchai Phornchindarak.

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The signing ceremony followed a highly successful visit to the Shanghai Diamond Exchange (SDE) by Mr Mehta and Mr Shah where SDE member companies and the exchange’s leadership heard about the benefits of participating in the Bharat Diamond Week.

“The agreements signed with the professional organizations from Thailand are the latest step in ensuring we have an excellent number of visitors to the Bharat Diamond Week,” said Mr Mehta. “I am delighted that our friends and colleagues from Thailand, who we know so well, will be taking part in the BDW.”

Mr Shah, who is responsible for the Bharat Diamond Week and organized the two successful polished diamond events held last year, said: “It is very important that we work with organizations from across the diamond and jewelry world. Our aim is to raise visitor numbers at every show and to learn from the previous event how to be even more successful for the benefit of our small and medium-size company members. Visitors will be able to source literally every type of diamond both at the Diamond Week and from our other 3,000 Bharat Diamond Bourse member companies.

“Close to 90% of all the world’s polished diamonds are manufactured in India, so the variety of goods on offer is vast. In addition, the show falls just before the Diwali festival and shutdown, so many manufacturers will be offering excellent deals on their polished goods.

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Mr Anoop Mehta signing the agreement with Gems, Jewelry & Precious Metal Confederation of Thailand (GJPCT) President Somchai Phornchindarak.

“Furthermore, due to the uncertainty of the situation in Hong Kong due to civil unrest with the September Gem and Jewelry Show just weeks away, we believe it is likely that many companies that need to source diamonds will decide to come here instead. The Bharat Diamond Week will act as a perfect venue for companies to source their diamond demands,” said Shah.

The number of companies and individuals who have registered for the show is already far ahead of those for the two previous shows. And, as with the two shows held last year, the BDB will provide selected buyers with complimentary hotel accommodation, with around 150 complementary hotel rooms for foreign buyers. Priority will be given to visitors who are members of bourses affiliated to the World Federation of Diamond Bourses (WFDB), but all members of the diamond trade across the world are welcome to participate.

Each Indian company that wins the right to display at the Bharat Diamond Week is entitled to one booth. Since trading in synthetic or lab-grown diamonds.

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NAJA Offers Scholarship for Gemology Students

Deadline for submission is November 1, 2019.

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The National Association of Jewelry Appraisers (NAJA) announces that it will award an ACE It Appraisal Conference Scholarship to a deserving gemology student. NAJA invites GIA, FGA, FGAA, FGG, FCGmA, RGA students to apply for this scholarship for the 53rd Annual ACE It Winter Educational Conference scheduled on February 2 – 3, 2020 in Tucson AZ.

This opportunity gives the gemology student a first hand experience of networking with appraisal professionals by attending the highly regarded NAJA educational experience during a time when Tucson devotes itself to gems, jewelry, and minerals. The scholarship, which covers the conference fee only, requires a resume, photo and an essay explaining the reason why the gemology student would choose to become a gems and jewelry appraiser. NAJA believes that becoming a gems and jewelry professional appraiser is a viable career option for gemological students.

Applications can be obtained at http://najaappraisers.com/ScholarshipApp2019.pdf. Deadline for submission is November 1, 2019 and the final selection by the NAJA Scholarship Advisory Board will be announced December 1, 2019.

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CIBJO Releases Marketing and Education Special Report, Analyzes ‘Next Great Jewelry-Buying Generation’

Generation Z ‘is coming to our markets very soon if it has not already arrived in reality.’

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(PRESS RELEASE) MILAN, ITALY — With fewer than 10 weeks to go until the opening of the 2019 CIBJO Congress in Manama, Bahrain, on Nov. 18, the first of the CIBJO commissions’ Special Reports has been released. Prepared by the CIBJO Marketing & Education Commission, headed by Jonathan Kendall, the report returns to what has been defined as the next great jewelry-consuming group, Generation Z, providing a breakdown of what the industry needs to consider if it is to ensure that jewelry remains a favored purchase.

Generation Z refers to consumers who currently are 15 to 25 years of age.

“Gen Z is coming to our markets very soon if it has not already arrived in reality,” writes Kendall. “Its members are forecast to spend a whopping $143 billion this year alone. So we better get them on our side if we want to enjoy a rosy future. In fact, the future success of the jewelry industry will depend on our understanding the needs and wants of Generation Z. Get this right and we can all look forward to strong profitable years moving forward. Get it wrong and we could be destined for the scrap heap – not overnight maybe, but ultimately.”

Communicating largely via social media, Generation Z is more environmentally conscious and gender neutral than any generation that preceded it, studies show. It celebrates authenticity, diversity and human imperfection. It is more likely to heed the advice of a friend rather than a celebrity.

“Gen Z is prepared to splurge, but it must be worth it. The more added value the better, and that can come from its environmental credentials or its social value,” says Kendall.

To download a copy of the CIBJO Market & Education Commission’s special report, click here.

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Press Releases

Gem Legacy Celebrates 1 Year Anniversary

It launched in September 2018.

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(PRESS RELEASE) ROYAL OAK, MI – Gem Legacy is celebrating the successes of its 1 year anniversary after launching in September 2018 by founder Roger Dery. Gem Legacy is a 501(c)3 nonprofit supporting education, vocational training, and local economies in East African colored gemstone mining communities.

The first year has boasted many successes, thanks to industry partners and donors. Roger Dery, founder and executive director of Gem Legacy looks back on the first year: “Lives are deeply affected because we’re ensuring that a group of widowed miners will find Tsavorite Garnet, 28 orphans will get a full education, kids are getting full nights of sleep on new mattresses, and young adults are entering the gem industry with knowledge in gemology and gem faceting. They have hope because we, the jewelry industry, are saying ‘we see you and we believe in you.’”

Other highlights from Gem Legacy’s first year include the formation of its advisory board (Christina Clover-Field, Ben Smithee, and Monica Stephenson) and its Leadership Council (Omi Gems and Parle Jewelry Designs). The leadership council is growing to be a consortium of the industry’s top leaders dedicated to sharing Gem Legacy’s mission and activating a united industry-wide effort to support the mining communities in Africa.

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