International News
GJEPC Delegation Studies Romania’s Jewellery Retail Market
The Delegation Examined Premium Jewellery Retail Formats Gaining Insights Into Local Consumer Preferences For 14k and 18k White and Rose Gold Jewellery
As part of GJEPC’s broader Eastern Europe trade mission covering Poland, Romania and Serbia, the GJEPC trade delegation conducted an intensive market study tour at Băneasa Shopping City in Bucharest, Romania, on 21 May 2026, with support from the Embassy of India in Romania.
The discussions were set against a market backdrop where Romania’s gem and jewellery imports stood at about US$579 million in 2024, where India currently holds a modest 1.3% share, signalling significant room for expansion.
The delegation also met HE Dr. Manoj Kumar Mohapatra, Ambassador of India to Romania, as part of its outreach efforts to deepen bilateral trade engagement and explore growth opportunities for Indian gem and jewellery exports in Eastern Europe.
A detailed briefing session led by Ms. Andreea, Senior Commercial Officer, offered the delegation an in-depth understanding of Romania’s jewellery retail landscape, consumer purchasing behaviour, sourcing dynamics, and emerging opportunities for Indian exporters. The session formed part of the delegation’s retail study programme in the Romanian capital.
The delegation examined premium jewellery retail formats and luxury brand positioning, gaining insights into local consumer preferences for 14k and 18k white and rose gold jewellery, diamond collections, and contemporary retail concepts.
Mital Doshi, delegation leader and Convenor – BITC, GJEPC, along with fellow team members, engaged in discussions on import logistics, regional distribution channels, and product adaptation strategies tailored to Eastern European markets.
During the market study tour, the delegation visited and analysed several major jewellery and luxury retail brands, including Teilor, Sabrini, Kultho, Cellini, Oxette, Damiani, Chopard, and Freywille, along with other international brand outlets operating within the shopping complex.
The engagement marks another step in strengthening India-Romania gem and jewellery trade ties and identifying new business opportunities for Indian exporters in the Eastern European market.
International News
Candidates From India, China and The UAE Running For President Of The WFDB
The Election Reflects Power Shifts In The Trade As Well As Open Questions About The WFDB’s Character and Future.
Three candidates from India, China and the United Arab Emirates (UAE) are running for president of the World Federation of Diamond Bourses (WFDB) in an election that reveals contrasting approaches to the organization and the industry. s (WFDB) in an election that reveals contrasting approaches to the organization and the industry.
Bharat Diamond Bourse (BDB) vice president Mehul Shah, Shanghai Diamond Exchange (SDE) president Lin Qiang, and Dubai Diamond Exchange (DDE) chairman Ahmed Bin Sulayem have put their names forward ahead. Israel’s Yoram Dvash is standing down after completing the maximum two three-year terms.
The key theme is a split between preserving the federation’s traditional, experience-led model and pushing a younger, reform-minded approach.
Candidate positions
Mehul Shah is presented as the continuity candidate: he wants to strengthen the federation, add members, and restore its earlier influence, but he argues that younger leaders should first gain experience in junior roles.
Ahmed Bin Sulayem is linked with a reformist, younger-leaning camp that wants fresh leadership and modernization, with David Troostwyk and Molefi Letsiki on the same informal slate.
Lin Qiang’s role is more institutionally grounded, with recent WFDB and Shanghai ties showing China’s growing involvement in the federation’s outreach and industry strategy.
Industry context
The election is happening against broader concern about the WFDB’s relevance as lab-grown diamonds reshape the market and as influence shifts toward bodies like the World Diamond Council.
WFDB leadership tracker: track the Executive Committee, presidential election rules, and potential future candidates from India, China, and the UAE.
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