1 st Indo Russia Diamond Buyer Seller Meet, 3 5 April 2012

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Gervase Riley
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1 1 st Indo Russia Diamond Buyer Seller Meet, 3 5 April 2012 Name of the show: Indo Russia Diamond BSM Date of exhibition April 3 5, 2012 Exhibit Profile: Organizers: Venue: Loose Diamonds The Gem & Jewellery Export Promotion Council The Gateway Hotel, Surat Visitors details Jewellery manufacturers, importers, traders, wholesalers and retailers from Moscow & other parts of Russia Objective: To showcase India s strength & capabilities in manufacturing world-class diamonds and encourage sourcing of cut & polished diamonds in smaller & bigger sizes. Identify and develop NEW sourcing opportunities and substantially increase direct diamond exports The BSM was attended by 16 jewellery manufacturers, wholesalers & retailers from Russia who met 15 leading Indian Diamond Manufacturers for their sourcing needs. The buyers were provided to & fro economy airfare trip, hotel stay, F & B, & transportation facility for the BSM. Below mentioned companies participated & displayed best of their products: Sr. No. Participating Companies Russian Buyers 1 Arjav Diamonds (India) Pvt. Ltd. "Alexandra" Jewellery Plant 2 Asian Star Company Ltd Kaletta Diamond Trading Company 3 Dharmanandan Diamonds VV Almaz-Zoloto 4 Gitanjali Gems Ltd EPL Diamond 5 J.B. And Brothers Pvt. Ltd. MZSS 6 Jewelex India Pvt. Ltd Almaz Holding 7 K P Sanghvi & Sons Antares 8 Ketan Brothers Diamondz Exports Aldzena 9 Revashankar Gems Ltd Delta 10 Rosy Blue (India) Pvt. Ltd Adamas 11 S. Vinodkumar Diamonds Pvt. Ltd UnZo 12 Sanghvi Export International Vimana+ 13 Shree Ramkrishna Export Madde 14 Supergems (India) Pvt. Ltd. DiArs 15 Venus Jewel Lazurit-K 16 Ringo

2 nd April 2012: Inauguration Ceremony Council had organized the inauguration ceremony of the BSM on 2nd April 2012 at The Gateway Hotel, Surat, which was attended by all the invited buyers from

Rajiv Jain, Chairman-GJEPC in his speech welcomed all the buyers & the manufacturers & wished them a successful BSM.

are cut and polished in India. Russia is a significant partner for the Indian gems and jewellery and the trade ties go back to decades.

2 2 nd April 2012: Inauguration Ceremony Council had organized the inauguration ceremony of the BSM on 2nd April 2012 at The Gateway Hotel, Surat, which was attended by all the invited buyers from Russia, Representatives from the participating companies & the Press / Media Personnel. Mr. Rajiv Jain, Chairman-GJEPC in his speech welcomed all the buyers & the manufacturers & wished them a successful BSM. In his speech, he also mentioned that India is the undisputed leader in manufacturing of diamonds globally and Surat is the hub of diamond business in India wherein 11 out of 12 diamonds in the world are cut and polished in India. Russia is a significant partner for the Indian gems and jewellery and the trade ties go back to decades. Over the years India & Russia have formed a symbiotic relationship to import rough diamonds and export gold jewellery and colored stones to them. The BSM is another step to strengthen the ties and explore newer business opportunities beneficial to both nations. Mr. Bakul Mehta, Convener Diamond Panel, GJEPC in his speech mentioned that BSM is not only an opportunity for the Russian buyers to have a dialogue with the final parties involved in the production process for sourcing competitively, but also to get an overview of behind the scenes activity involved in the production process and the ethical practices being followed in the cutting and polishing of diamond stones in the Indian market. Mr. Alex Popov, President of Moscow Diamond Bourse (MDB) urged Indian Diamond manufacturers to consider Russia as a good trading nation as Russia has jewellery stores. He also wished that the trade between two nations will reach to its height, when import of roughs & export of polished diamonds will be equal

The BSM was formally announced open after the traditional lamp

The participants were introduced to the buyers over networking

The participants were also provided dedicated interpreters who would

participants were allotted individual rooms for one-on-one meeting

The participants showcased best of their products during the meeting

Each buyer was given an opportunity to meet each seller for their

3 The BSM was formally announced open after the traditional lamp lighting ceremony. The participants were introduced to the buyers over networking dinner. The participants were also provided dedicated interpreters who would be helping them in communication with the buyers April 3 4, 2012 The participants were allotted individual rooms for one-on-one meeting with the buyers. The participants showcased best of their products during the meeting schedule. Each buyer was given an opportunity to meet each seller for their sourcing requirements Networking opportunity Council had organized for networking dinner on all days of the show wherein the participants could further interact with the buyers. A Puppet Show & Cultural Dance Program for the buyers. The buyers & the participants enjoyed & interacted over networking dinner

4 April 5, 2012 Based on the meetings on 2nd 3rd April, the buyers were asked for their preference for arranging factory visits of the participants, to get an overview of behind the scenes activity involved in the production process and the ethical practices being followed in the cutting and polishing of diamond stones in the Indian market. The buyers left for Jaipur on 5th April where they would be meeting Color Gemstones manufacturers. A-Day excursion was also organized for the buyers where they went sightseeing in Jaipur Feedback Analysis A brief snapshot of the Feedback by the participants at the show is as under. Feedback Form Analysis Reason for Participation 8 Promote Product / Company 11 Introduction Russian Market Research 10 To get orders Any Other

5 Useful business enquiries/contacts developed Less than 3 3 to 6 more than 6 Overall appropriateness of Buyers 5 9 Suitable Not Suitable

6 Overall Result Good Hotel Facilities

7 Meeting timings with buyers Overall management of the BSM The feedback from the buyers is as under: Buyers Feedback Analysis

Post Event Report on 2 nd Indo Russia Jewellery Summit 2012

Post Event Report on 2 nd Indo Russia Jewellery Summit 2012 Name of the show: 2 nd Indo Russia Jewellery Summit Date of Summit 29 th 30 th Oct 2012 Exhibit Profile: Organizers: Venue: Visitors details