Why are trade shows important for the diamond industry?

Posted by Hari Krishna

October 5, 2024

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What is the most efficient way to sell a diamond? Is it a traditional method like networking and offline selling, or a modern way like e-commerce? According to the Changing Environment of Exhibitions report (CEIR), 51% of the world’s population valued face-to-face meetings, something that is difficult to materialise in a primarily digital world. Therefore, marketing diamonds using tradeshows is one of the best and most efficient ways to attract new customers considering different customer mindsets and different geographical locations. 

 

According to the CEIR report, 99% of exhibitors had more success marketing at trade shows than other mediums. Trade shows, as we know them today, emerged as a natural extension of ancient marketplaces and fairs. For centuries, merchants and artisans would gather in specific locations to showcase and sell their wares. These gatherings were often tied to religious festivals or seasonal events, providing a convenient time and place for buyers and sellers to connect. As trade routes expanded and economies grew more complex, these informal gatherings evolved into more organised and structured trade shows. The Industrial Revolution further accelerated the development of trade shows, as manufacturers sought to showcase their latest innovations and reach a wider audience of potential customers.

HK Group Founders Savji Dholakia and Ghanshyam Dholakia at one of the JCK Trade shows

Beyond Displaying Natural Diamonds

While showcasing exquisite diamonds is a key aspect, trade shows offer a platform for networking, market insights, brand exposure, product launches, and knowledge sharing. Here’s why tradeshows are a cornerstone of any company’s success and a vital part of the diamond industry:

 

Building Relationships, One Connection at a Time: These events are a goldmine for forging connections with industry giants, potential buyers, and fellow diamond enthusiasts. We connect face-to-face, establish trust, and build lasting relationships that extend far beyond business cards.

Brijesh Dholakia, CEO of Hari Krishna Exports, with Gianpaolo Balsamo, Director of World Meteorological Organization at a dinner after GemGeneve Show in Geneva.

 

A Stage for Brilliance: Trade shows provide the perfect platform to unveil the craftsmanship and the vast array of diamonds. It’s a chance to dazzle potential buyers with the quality and variety of stones, leaving a lasting impression.

 

International clients and guests at Hari Krishna Exports’ booth.

Learning from the Best: Trade shows are a treasure trove of knowledge. HK gets to see the latest trends, network with industry experts, and learn from the best. This constant exposure keeps at the forefront of the diamond industry and ensures continuous innovation and refinement of offerings. Moreover, we also had international VIP guests at our trade shows like His Highness Botswana president, Mr. Mokgweetsi Masisi, at the JCK trade show 2024 in the USA.

 

His Highness Botswana President, Mr. Mokgweetsi Masisi with Pintu, Hitarth, and Ghanshyam Dholakia during the JCK Trade show in the USA.

A Global Stage, a Local Touch: Each trade show presents a unique opportunity. We gain insights into specific market preferences, allowing us to tailor the approach and connect with a global audience while maintaining a personal touch.

 

They are vibrant hubs of energy, where ideas are exchanged, deals are engaged, and the future of the diamond industry is shaped.

 

Take the chance to connect with us at our upcoming tradeshows!

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