The fourth edition of the Bharat Diamond Week, scheduled for August 5 to 7 in Mumbai, is expected to facilitate positive movement in the diamond sector amid current challenges, organisers said.

The Bharat Diamond Bourse (BDB) said more than 150 diamond companies will display high-quality polished diamonds to thousands of international and local buyers at the fair. BDB currently hosts more than 2,500 diamond companies. 

“Every buyer will have a unique opportunity to tour the marvellous diamond bourse and visit the offices of potential sellers who can supply them with absolutely any diamond they need in any shape, size or colour,” said Anoop Mehta, president of BDB.

Evgeny Agureev, director of Alrosa’s United Selling Organisation, meanwhile underscored the importance of India as a major player in global diamond production. The country cuts and polishes more than 90 per cent of the world’s diamonds, he added.

Mehul Shah, vice president of the BDB, commented, “The Bharat Diamond Week encourages small- and medium-sized companies who are bourse members to display their products and take advantage of the subsidies offered by the Bharat Diamond Week and transfer them to their customers. This will help build their businesses and give an excellent opportunity and exciting offers and services for buyers during the show.”

The Bharat Diamond Week will be held alongside the India International Jewellery Show 2020, which is taking place in Mumbai from August 6 to 10.