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PM Modi, Vipul Shah in Rapaport’s “People of the Year” list

Rapaport’s “People of the Year” reflect the broad range of challenges affecting the trade — and some of the solutions.

As with the famous Time Person of the Year, inclusion in this list is not necessarily a recognition of an individual’s positive contribution, but rather of his or her influence on the diamond industry and/or presence in the headlines.

It names honourable Prime Minister of India Narendra Modi as the mover and shaker of the diamond world in the year 2023.Prime Minister Narendra Modi had a number of contact points with the jewelry industry in 2023. He inaugurated the Surat Diamond Bourse in December. He also raised a few eyebrows by referring to lab-grown diamonds as “green diamonds.”

It also names GJEPC Chairman Vipul Shah one amongst 6 people in the world to shape the future of the world diamond industry .India needed a voluntary pause in rough-diamond imports to stop inventories from getting out of control. The industry implemented this freeze for two was the GJEPC that brought people together and managed the process following the crunch meeting. Vipul Shah, its chairman, was at the forefront.

India’s dominance of the industry continues and India is proud of the million plus workers connected to the industry in India and the solid Govt support that goes behind to keep the sparkle intact.

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