City chosen as it is "one to watch" in the global diamond market.

By Craig Heatly

The 2012 Rapaport International Diamond Conference will take place in Mumbai later this month, following on from the New York diamond conference held last year.

This year’s event will be held at the Taj President Hotel in Mumbai on August 29.


Martin Rapaport, chairman of the Rapaport group will be speaking at the event. He said that with India a growing market, it was the perfect location for this year’s conference.

“As diamond demand and prices go through a boom bust cycle, India is the market to watch. While the US and China are important sources of demand, how India handles rough supply and polished demand will define short term recovery opportunities," said Rapaport.

The day event will feature a number of industry experts leading a range of topics such as India’s new regulatory and banking environment, diamond prices, commoditisation of diamonds and diamonds for investment as well as synthetic diamonds.

The line-up of speakers at this year’s conference includes Rohan Shah, managing partner and taxation manager at Economic Laws Practice and Biju Patnaik, regional head of RBS Asia and International Diamond and Jewellery Group.

Martin Rapaport will also speak at next month’s IJL show in September, hosting his popular seminar on September 3.