There may have been reasonable foot traffic at the India International Jewellery Show (IIJS) which kicked off on Thursday, however diamond sales were slow. Exhibitors reportedly have low expectations of the five-day fair and are aiming to strengthen relations with clients ahead of the critical jewelry-buying periods ahead of the Diwali festival in October and the following wedding season.
“Diamond markets are tough at the moment but, for us, the U.S. and India are moving,” said a Mumbai-based diamond manufacturer who requested anonymity. “It’s the first day of the show which is usually slow. People are roaming around, browsing and looking for bargains, but hopefully activity will pick up over the weekend.”