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Russian jewelers visit Surat diamond units

The who’s who of the Russian jewelery industry is currently in the city of Surat, Gujarat, to discuss the possibility of improved trade ties. The Times of India reports that the Russian jewelers will hold a number of meetings with the Surat diamond manufacturers from April 3 through 5, as part of the Indo-Russia Buyers’-Sellers’ Meet.

The event has been jointly organized by India’s Gem and Jewelery Export Promotion Council (GJEPC) and the Moscow Diamond Bourse (MDB).

The Russian delegation consists of 30 members, and they are slated to meet with representatives from 15 of Surat’s leading diamond units. The delegation will study Indian diamond manufacturing, supply chain as well as business practices. The aim of these meetings is to detect new opportunities for sourcing, and to bring about a substantial rise in the direct exports of diamonds.

A round-table discussion will also be held by the delegation in the presence of Rajiv Jain, Chairman of GJEPC, and Alex Popov, President of MDB.

Popov stated: "This is the first opportunity for Russian companies to establish direct business relations with diamond manufacturers in Surat, which is the very heart of India's diamond industry."

"During the past few years, we have been making considerable efforts to establish a working relationship between the Council and our bourse, and I am very encouraged by this pilot project," Popov added.

The Russian jewelers are expected to visit the Pink City of Jaipur after the meet, to study the city's gemstone industry.

Source: The Times of India