AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Rapaport Press Release: Rapaport Trade Mission to Surat

May 15, 2019

MUMBAI, India--(BUSINESS WIRE)--May 15, 2019--

The Rapaport Trade Mission to Surat attracted a strong group of 36 international diamantaires and jewelers from the US, Singapore, UK, Lebanon, Japan, Israel, Austria, Australia, Italy and China. The mission provided participants an unprecedented opportunity to meet and interact with local diamond cutters, dealers and market makers in the world’s largest diamond cutting center.

Their trip provided an educational experience with visits to the extremely high-tech Lexus factory as well as other large factories. Significant emphasis was placed on developing relationships with small and medium size cutters. Participants visited the Mahidharpura market and had an opportunity to directly interact with Surat’s large community of small to medium size cutters and dealers.

The Surat Diamond Association, Chamber of Commerce and representatives of the Surat diamond community came together at a gala dinner where the group had an opportunity to make friends and develop personal relationships with a broad range of diamond manufacturers and suppliers. The following day the participants had an opportunity to buy diamonds at the Rapaport Surat Buying Office as well as during visits to local factories. Connections were made and business relationships were established.

“The Rapaport Group encourages greater communication between all sectors of the diamond trade. We were delighted to host our first trade mission to Surat which gave participants an unprecedented opportunity to directly interact with the entire Surat diamond community including small, medium and large scale companies. The trip encouraged the development of mutually beneficial relationships based on a greater understanding of Surat’s important role in the diamond industry. We look forward to holding additional trade missions in 2020,” said Martin Rapaport, Chairman of the Rapaport Group.

For additional detailed information, comments from participants and images of the trip visit https://trademissions.rapaport.news/.

Members of the Surat and Sierra Leone Trade Missions will be meeting in Las Vegas during the JCK Show. Members of the media interested in speaking with them are invited to contact avital.engelberg@Rapaport.Com

About the Rapaport Group:

The Rapaport Group is a global provider of added-value services that support the development of ethical, transparent, competitive and efficient diamond and jewelry markets. Established in 1978, the Rapaport Price List is the primary source of diamond price and market information. Group activities include Rapaport Information and Research Services, Rapaport Magazine, and the Diamonds.net portal; RapNet, the world’s largest diamond trading network; RapLab diamond grading services; and Rapaport Trading and Auction Services, specializing in recycled diamonds and jewelry. The Group supports over 20,000 clients in 121 countries and has offices in New York, Las Vegas, Antwerp, Ramat Gan, Mumbai, Surat and Hong Kong. Additional information is available at www.diamonds.net .

View source version on businesswire.com:https://www.businesswire.com/news/home/20190515005658/en/

CONTACT: Media Contacts: Media@Rapaport.Com

US: Sherri Hendricks +1-702-893-9400

Global: Avital Engelberg +1-718-521-4976

KEYWORD: UNITED STATES ASIA PACIFIC NORTH AMERICA NEVADA INDIA

INDUSTRY KEYWORD: LUXURY NATURAL RESOURCES MINING/MINERALS RETAIL

SOURCE: Rapaport Group

Copyright Business Wire 2019.

PUB: 05/15/2019 10:58 AM/DISC: 05/15/2019 10:58 AM

http://www.businesswire.com/news/home/20190515005658/en