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Press Release: The incoming chairman of the Gems & Jewellery Export Promotion Council (GJEPC) India Pankaj Kumar Parek, was presented with an award by Reuven Kaufman, the president of the Diamond Dealers Club (DDC) of New York, and Eli Izhakoff, the honorary president of the DDC and the World Federation of Diamond Bourses, at a reception in honor of the first India Diamond Week in New York. Parek was recognized for his leadership qualities on behalf of the diamond industry and for his outstanding efforts to bring about closer cooperation between the GJEPC India and the DDC.  At the DDC’s cocktail reception and networking event on the evening of August 13, Kaufman introduced Parek as “One of the most important people in the Indian diamond industry and someone who has worked so hard to enhance and improve the industry in India and American-Indian relationships.”
Parekh said it was a privilege to be at the DDC and that he accomplished his goals for the show. “All our exhibitors are smiling. There is Internet business and online trading, but every diamond dealer feels that one-on-one is definitely better. It was a privilege to be here, to meet our target audience directly and with no interruptions.“ He added that the impact of these types of shows on India’s diamond trade can only be positive. During an interview at the DDC, Parekh spoke about international trade and the importance of the U.S. market. “India’s largest buyer is always the U.S. We’re happy our old client is gearing up again. The jeweler’s economy is on the way to recovery. As the U.S. economy improves, it’s always to our advantage,” he said. Parekh also highlighted trends in the marketplace and the success of the show for exhibitors. “The marketplace is improving. Diamantaires who brought one carat and above to the show, were in greater demand,” he remarked. Parekh also spoke with appreciation about the symbiotic relationship between the GJEPC India and the DDC. “The two complement one another. Our relationship goes back to history. It’s very old and we are sure it will last a long time.” Due to so much enthusiasm from exhibitors to return for another show at the DDC soon, Parekh advised, “We anticipate even greater numbers of attendees next time.” (Pictured in the photo above from left to right, Izhakoff, Parek and Kaufman.)
About the Diamond Dealers Club (DDC)
The Diamond Dealers Club (DDC) is the largest diamond trade organization in the U.S. and one of the leading diamond exchanges in the world. The DDC works diligently to support and encourage the growth of the U.S. diamond industry. The mission of the DDC of New York is to foster the interests of the diamond, colored stone and jewelry industry by providing, regulating and maintaining a facility as the DDC; fostering just and equitable principles in trade; establishing and promoting industry-wide standards of disclosure; disseminating accurate and reliable information; carrying out the activities and objectives of the organization in accordance with the laws of the State of New York and the U.S.
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