Organizers of the event are putting the final touches to it with in excess of 12,000 people from India and key international markets expected to visit the February 20-23 show.
Research firm ASSOCHAM predicts a 40% jump on the year to $3.53 billion for Valentine's week online sales in India. The week started with Rose Day on February 7 and ends of course with Valentine's Day on Saturday.
HRD Antwerp has made small changes to the design and content of its diamond certificates and jewelry reports to create uniformity between those issued in Antwerp and in Mumbai.
In a bid to boost direct diamond imports, India has expressed plans to set up a special zone with tax benefits for diamond import and trading in Mumbai.
In an attempt to keep up with Antwerp and Dubai, India is planning to set up a diamond hub in Mumbai. Initial proposals include the Mumbai diamond hub offering tax benefits for diamond imports and trading, thus limiting the role of brokers.