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GJEPC to hold retail-development conference for U.S. jewelers

May 16, 2007

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Mumbai, India—The Gem and Jewellery Export Promotion Council (GJEPC) has announced the first "Indo-US Jewelry Business Development Conference" for jewelry retailers.

More than 100 of the top U.S. and Canadian senior business-development executives and merchandise directors are invited to take part in this all-expense-paid event at Mumbai's Marriott Renaissance from Oct. 1-5.

"Based on the discussions and hot topics coming out of the May 2007 Mines-to-Market International Diamond Conference in Mumbai, it was clear that India needs to actively explore new ways to add value to the jewelry pipeline," GJEPC Chairman Sanjay Kothari said in a statement.

He added that with the growth of jewelry production at SEEPZ—the government-sponsored manufacturing and export business compound in Mumbai—along with the new diamond bourse nearing completion, the India-based industry is determined to find new ways to work with North American retailers.

"Indian jewelry manufacturers, with their state-of-the art factories, trained work force and pro-business import and export laws, now have the prerequisite desire, skills and infrastructure to be more than the world's leading source of value-priced jewelry," Kothari said.

The conference will open with two days of panel discussions and seminars on issues facing North American and Indian jewelry businesses, Foreign Direct Investment initiatives, joint-venture opportunities and Indian banking and finance options for North American businesses. Retailers will also have the chance to meet with select Indian manufacturers who are looking to extend their reach to North America. Following a screening process to identify common interests, skills, abilities and perceived needs, retailers and Indian vendors will be paired up during the conference.

Retailers who also wish to tour manufacturing facilities and have on-site meetings will be able to do so on the third day of the event in surrounding areas of Mumbai.

The conference, which is being organized by the GJEPC in collaboration with R and B Partners LLP, will start in Mumbai on Oct. 1 and then move to the Agra market to see the Taj Mahal on the fourth day. Attendees will return to North America via New Delhi. Retailers will have the option to set up more meetings in Mumbai after the third day if they choose to skip the trip to Agra.

"Based on our experience in developing high-level executive events in the States, it was a natural opportunity for R and B Partners to create a specialized event for the GJEPC to help showcase the extraordinary jewelry manufacturing and design opportunities that now exist in India," R and B Partners' Phil Ripperger said.

"Of special interest is the educational aspect of the conference," added R and B Partners' Rick Bannerot. "This trip is so much more than just a chance to look at yet more rolls of pretty jewelry. For those with the foresight to attend, it is an opportunity for the best in the business to come together, learn about common needs and issues, and then find innovative business solutions that will enable them to be ever more competitive in the crowded retail market."
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