(Rapaport) - The India International Jewellery Show (IIJS), which took place in Mumbai, reflected a cautious local diamond and jewelry trade, even if sentiment was better than expected. Suppliers arrived with low expectations as a month-long strike among jewelry retailers, high gold prices, domestic and global uncertainty, and sluggish polished diamond demand had taken their toll. IIJS remains an important indicator of India’s gold jewelry market. It’s less of an event for diamantaires as they rely more on exports than local sales. However, even if they don’t see it as a significant selling opportunity, the country’s many large diamond suppliers do use the show as a marketing and branding exercise.
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