D-Show Holds Record Number of Meetings at three-day Goa event
The International Gemological Institute (IGI) recently hosted its sixth annual D-Show in Goa, India, June 9-12. The national buyer-seller knowledge meet, held at the scenic Lalit Golf & Spa Resort, welcomed more than 100 retailers and 24 manufacturers from across India. During the course of the invitation-only event, a record number of over 2,000 meetings took place between manufacturers and retailers, with jewelers hailing from more than 35 cities across the country.
Initiated by the Institute in 2012, the objective of IGI D-Shows is to further develop India’s diamond and gemstone trade by facilitating clear communication and providing key educational platforms. With a strong knowledge of India’s market, IGI promotes mutually beneficial relationships between buyers and sellers through these events.
Prior to each D-Show, IGI conducts a market study to select 24 of the highest quality jewelry manufacturers and 100 top jewelers to attend. From both sides, key decision-makers and owners interact at the meet, streamlining processes and business arrangements. Additional event participants are also hand-selected by IGI.
Another distinguishing feature of the show is an educational panel discussion designed to address current jewelry challenges facing the industry. This particular event spotlighted information on synthetic diamonds, as well as issues related to tax, excise duty and their impact on the industry. Panelists included Tehmasp Printer, managing director IGI – India; Anil Talwar, partner at Talwarsons and member of FICCI; Sunil Nayak, CEO of Reliance Jewels; Bhargav Vaidya, member of the Gem & Jewelry committee of FICCI; as well as advisors, India Bullion and Jewellers Association and the Gem Jewellery Export Promotion Council (GJEPC).
“The D-Show makes it possible to promote long-term business relationships, which extend far beyond a single sales transaction,” said Printer. “The one-on-one interactions ensure a range of challenges are discussed and solutions are found in real time.”
Printer continued, “Attendees noted that unlike other shows, it was a unique format, enabling them to see new high-quality designs, forge relationships between buyers and sellers, and meet within an equal platform to network with businesses of all sizes.”
The IGI D-Show concluded with an awards ceremony, where Printer presented each manufacturer with the Responsible Jewellery Manufacturer award. Retailers were given certificates of authenticity, validating the quality and natural origin of their diamonds evaluated by IGI.