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Appointment

Naresh Balani appointed Chairman of  JMA Forum

With a mission to drive growth, innovation, and collaboration, the Forum works tirelessly toward the advancement and overall development of this critical sector.

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Naresh Balani has been appointed Chairman, JEWELLERY MACHINERY & ACCESSORIES (JMA)  Forum. JMA Forum aims at building a strong association for Jewellery Machinery & Allied Industry and works towards the betterment and development of this sector.

Representing a wide spectrum of stakeholders — from manufacturers to traders — JMA members collectively address the evolving needs of the jewellery industry. Through a continuous focus on technological upgrades and process innovations, the JMA Forum ensures that cutting-edge solutions are readily accessible, empowering the industry to enhance efficiency, precision, and creativity.

The Indian jewellery machinery sector is thriving due to a combination of factors, including strong domestic demand, increasing exports, and technological advancements. The sector is well-positioned for continued growth, with a focus on automation, innovation, and meeting evolving consumer preferences. 

Naresh Balani, Chairman, JMA Forum said. ““I am truly honored to assume the role of Chairman of the JMA Forum. With deep gratitude, I sincerely thank all our members and mentors for placing their trust in me. I take on this responsibility with a strong commitment to progress, unity, and innovation in the jewellery machinery sector.

Together with our core committee members, we will focus on skill development through zonal seminars, the launch of our official industry magazine, and expanding the JMAIIE exhibition to multiple cities across India. These initiatives are aimed at driving knowledge, empowering our members, and fostering nationwide growth in our industry.”

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Appointment

Mehul Shah Elected President World Federation Of Diamond Bourses (WFDB)

Bharat Diamond Bourse Leader Takes The Helm Of The Global Diamond Federation, Marking A Significant Milestone For India’s Natural Diamond Industry.

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Mehul Shah, Vice President of Bharat Diamond Bourse (BDB), has been elected President of the World Federation of Diamond Bourses (WFDB). The election took place on Monday, July 12, during the ongoing World Diamond Congress which is currently underway in Singapore. Leaders of the 20 global diamond bourses attending the Congress voted to elect the new office bearers.

Luigi Cosma, President of Borsa Diamanti d’Italia, was elected Vice President of WFDB and Molefi Letsiki, Chairman of the Diamond Dealers Club of South Africa, was elected Treasurer General of WFDB. They have supported his vision for the Federation.

The election of Mehul Shah is an important milestone for the Indian diamond industry and opens a new chapter for the country to play a key role in taking the global diamond industry forward.

Thanking the delegates and Presidents of global diamond bourses, Mehul Shah said:

“I am humbled by this appointment and proud to have represented India and Bharat Diamond Bourse on an international stage. This new responsibility given to me is rooted in my journey of four decades of commitment to the natural diamond industry. He also added, “As the delegates to the Congress deliberate over the way forward in a challenging global market, I am confident that the discussions in Singapore will lead to meaningful outcomes. The new leadership team at WFDB is committed to taking forward the vision of the Congress and building a stronger future for the industry.”

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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