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GJEPC Tightens Ties with Shenzhen
Aug 12, 2018 10:37 AM
By Rapaport News
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RAPAPORT... India’s Gem & Jewellery Export Promotion Council (GJEPC)
will open an office in China’s Shenzhen Rough Diamond Exchange (SRDE) in an
effort to promote trade between the countries.
GJEPC chairman Pramod Agrawal signed a Memorandum of
Understanding (MOU) with Julius Zheng, vice president of the SRDE, at the India
International Jewellery Show (IIJS) in Mumbai last week.
Under the MoU, the Chinese exchange will participate in
India Diamond Week in Mumbai in October, while SRDE will host a Gemstone Week
in Shenzhen, Zheng said.
“There is a lot of investment by Indian companies in China,”
GJEPC executive director Sabyasachi Ray noted Friday. “In diamonds, India and
China complement each other; we are not competing with each other.”
China, the world’s second-largest consumer market for diamonds,
sources many of its stones from India, Zheng said. In addition to that
relationship, China would also welcome Indian diamond suppliers who want to do
business in Shenzhen, he added.
Image: Kentaro Iemoto
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Tags:
Gem & Jewellery Export Promotion Council, GJEPC, IIJS, India International Jewellery Show, Julius Zheng, memorandum of understanding, Pramod Agrawal, Rapaport News, Sabyasachi Ray, Shenzhen Rough Diamond Exchange, SRDE
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