Press Release: The 47th Street Business Improvement District (BID), commonly known as New York City's Diamond District, along with the U.S. Department of Commerce and Reed Exhibitions, today hosted an educational roundtable seminar for jewelry manufacturers interested in exporting. The forum, which took place at the Diamond District Café, drew more than 90 participants, including top names such as Sotheby's and Van Cleef and Arpels.
The seminar addressed topics such as: The global support capabilities provided by the U.S. Department of Commerce and the U.S. Embassy; cost effective ways to ship merchandise; import and export regulations, and recommendations from global jewelers on best practices for exporting.
"New York City's Diamond District is the largest retailer and manufacturer of diamonds in the world, so we were naturally thrilled to host an educational seminar that will help jewelers grow their businesses," said the 47th Street BID's executive eirector Michael Grumet. "Technology has caused the world to shrink dramatically and it's critical for the jewelry industry to take advantage of that to remain competitive. This roundtable discussion was a great way for manufacturers to learn the in's and out's of exporting."
The 47th Street BID is the world's largest shopping district for all sizes and shapes of diamonds, gemstones and fine jewelry at tremendous prices and value. More than 90 percent of the diamonds that enter the United States go through New York City and most of them go through the Diamond District. More than 2,600 independent businesses are located in the Diamond District, and nearly all of them are related to diamonds or fine jewelry. The Diamond District is located on West 47th Street between Fifth and the Avenue of the Americas (Sixth Avenue) in midtown Manhattan.