First of all, thanks to every MDMA member to elect me as a President of the India’s oldest Association of Diamond Industry. I wish to undertake number of initiatives for our Association, Member, Diamond sector India & for the whole of our gem-n-jewellery industry & trade India.

Today, there is a huge impact of online presence & of Social media on our activities. Let our website be the official mouth piece-n-voice of MDMA. Let the virtual space also be the best trading option for our every member & visitors! Here I have also focused upon a daily ebulletin & that to be a daily update about global diamond industry. Let’s stay relevant in the global context!

As of today, India is manufacturing about 94% of the total mined diamond in the globe & we are an undisputed global leader in diamond sector! On the other hand India endeavours to attain the stature of global GJ (gem-n-jewellery) Hub equally India aspires to be a global jewellery design hub!

Being a diamantaires let’s think in the direction to attain a stature of ‘Global GJ Trading Hub’ – a capacity to offer & cater entire spectrum of GJ industry & trade. De facto this is also the wish of our Prime Minister, Narendra Modi. Recently he cited at IDC- Mines to Market 2017, held in Mumbai.

De facto our diamond sector is facing several challenges. Again few people are trying to widening of KP definition even today! Although, I believe KP is the best at its mandate, there is no need to accommodate any area other than mandate! No doubt time to time the KP has adopted numbers of relevant measures & would be a more transparent to remain relevant for coming years!

Another peril point is undisclosed mixing of Synthetics! Being a global diamond leader India has taken several initiatives & has adopted ‘Zero Tolerance’ for any such commerce without morality! Even DBD has announced a place for natural diamonds only!

One more area I am focusing herewith is a financing on diamond especially to a small diamantaires! Here I wish to say let’s be organised, let’s carry our trade-n-commerce more transparent & well chartered! Let’s have a proper inventory system to ask any bank finance. We have to think in the direction of MSME, where our government is also supporting us.

Let’s grow together!

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