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Dimexon leadership panels the discussion: Palanpuris & Diamonds: The Way Forward.
June 2013

Seen in the inset picture:
Top cubes (L+R): Mr. Rajiv P. Mehta, Director- Dimexon addressing the event audience;
Bottom cube: Eminent panelist from the diamonds, gems and jewellery industry.

 

It is a pleasure to document event/ updates, wherein Dimexon leadership is specially invited to share thoughts and guide way forward onto various industry related areas/ issues.

 

One such event: “Palanpuris & Diamonds: The Way Forward” was recently organised by Palanpur Samaj Kendra and Palanpur Online, a well known community of diamond trade members.

 

A large audience of over 600 attended this Seminar-cum-panel discussion at the venue: YB Chavan Auditorium, Mumbai on June 23rd, 2013.

 

The session was addressed by a panel of eminent diamantaires from the community comprising of: Mr. Russell Mehta - Rosyblue, Mr. Rajiv Mehta - Dimexon, Mr. Parag Shah - K. Girdharlal and Mr. Nirav Bhansali - Prism Jewellery and Ms. Nirupa Bhatt - GIA, who also moderated the discussion.

The context for the proceedings were set by an in-depth introduction by Shri Arunbhai Mehta, Chairman, PSK. He briefly traced the history of the last 100 years when the community first entered the industry, elaborating a bit on the challenges when it began diamond manufacturing in an organized way about 50 years ago.

 

Director, Dimexon- Mr. Rajiv P. Mehta addresses the event.

Mr. Rajiv Mehta, Director, Dimexon, discussed the need for a dynamic decision making process which was closely based on a deep understanding of the ground realities of the markets.

 

The focus must be on the areas of the business that are currently adding value, and one must have close links with customers and other stake holders at all times. Having a global network was not a prerequisite to success; rather it was making the right decisions at the right moments, which was crucial.

 

A business must achieve efficiency in what it is doing, whether it is big, medium or small, whether it has a domestic focus or is export-oriented, and ‘resource optimisation’ is a must at all times”- said Mr. Rajiv Mehta.


The discussion was greatly enriched by the lively Q & A session that followed with members of the audience raising a number of pertinent issues related to the way forward.

Summing up the discussion, Mr. Ashish Mehta, Palanpuronline, commented: “The diamond business is clearly going through a period of unprecedented challenges and changes. The issues vary across different business models, and there is no magic wand that will help us find solutions. Yet, such interactions and discussions do provoke thought, and may help individual businesses find the right direction for them. We hope to take this endeavour forward, and the details will be worked out depending on the feedback we receive.”

 

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