Mehul Shah has been elected President of the World Federation of Diamond Bourses (WFDB) during the World Diamond Congress in Singapore. The appointment marks a proud moment for India and reinforces the country’s growing leadership in the global natural diamond industry.
Quick Summary
- Mehul Shah has been elected President of the World Federation of Diamond Bourses (WFDB).
- The election took place during the World Diamond Congress in Singapore.
- Leaders from 21 global diamond bourses participated in the voting.
- Shah secured victory by a significant majority in the first round.
- Luigi Cosma and Philippe Barsamian were elected as Vice Presidents of WFDB.
- The appointment marks a significant milestone for India’s diamond industry.
- Shah thanked Bharat Diamond Bourse, GJEPC, and global delegates for their support.
- He reaffirmed his commitment to strengthening the global natural diamond industry.
Mehul Shah Elected President Of WFDB
Mehul Shah, Vice President of Bharat Diamond Bourse, has been elected President of the World Federation of Diamond Bourses (WFDB), the apex global body of the diamond trade comprising 26 Diamond Bourses from across the globe and six affiliated members. The election took place on Monday, July 12, during the ongoing World Diamond Congress which is currently underway in Singapore.
Global Diamond Bourses Elect New Leadership
Leaders of the 21 global diamond bourses attending the Congress voted to elect the new office bearers.
Shah Wins Majority Vote in First Round
Mehul Shah was elected from among 3 candidates by a significant majority in the very first round. Luigi Cosma, President Borsa Diamanti d’Italia, and Philippe Barsamian of Antwerp were elected Vice Presidents of WFDB. They have supported Shah’s vision for the Federation.
A Milestone for India’s Diamond Industry
The election of 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.
Shah Thanks Global Delegates and Industry Leaders
Thanking the delegates and Presidents of global diamond bourses, Shah said, “This is a victory for India. I am humbled by this appointment and proud to have represented India, as Bharat Diamond Bourse and The Gem & Jewellery Export Promotion Council on the international stage.”
Acknowledging Support from BDB and GJEPC
“My sincere thanks also to BDB President Anoop Mehta and Saunak Parikh, Vice Chairman, GJEPC, who guided me and were always there providing support in Singapore,” he added.
Commitment to the Natural Diamond Industry
Shah also said that this new responsibility given to him is rooted in his journey of 46 years of commitment to the natural diamond industry.
Vision for a Stronger Global Diamond Trade
He assured the members of the industry, “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.”
~ Starring Jitu Joshi, Madhurani Gokhale, Sai Godbole, and Pradeep Welankar, the Marathi short film celebrates the emotions woven into family heirlooms while offering a fresh perspective on gold exchange ~
Indian heritage jewellery brand Jagannath Gangaram Pednekar (JGP) Jewellers has unveiled ‘The Godhadi Effect’, a heartfelt Marathi short film that explores the emotional bond families share with their jewellery while gently encouraging a fresh perspective on gold exchange.
Celebrating Family Memories Through Jewellery
Starring acclaimed Marathi actors Jitendra Joshi, Madhurani Gokhale, Sai Godbole and Pradeep Welankar, the film beautifully captures the relationships, memories and traditions that are often passed down through treasured pieces of jewellery. Inspired by the godhadi—a traditional quilt lovingly stitched together from cherished pieces of fabric—the story reflects how memories continue to live on across generations, even as they take new forms.
Continuing the Brand’s Storytelling Journey
The film marks JGP Jewellers’ second storytelling-led campaign featuring the same ensemble cast, following its widely appreciated festive film, ‘The Result’, which celebrated equality in modern families. Through meaningful storytelling rooted in everyday life, the brand continues to create narratives that connect with audiences beyond jewellery.
Creating Awareness Around Gold Exchange
At its heart, ‘The Godhadi Effect’ aims to create awareness around gold exchange by encouraging families to see their old jewellery not just as precious memories, but to create new ones.
Managing Director’s Statement
Speaking about the initiative, Asavari Pednekar, Managing Director, Jagannath Gangaram Pednekar (JGP) Jewellers, said, “Every piece of jewellery has a story—it reflects celebrations, relationships and memories that stay with us for generations. With ‘The Godhadi Effect’, we wanted to celebrate these emotions while encouraging families to look at gold exchange through a new lens. We hope the film resonates with families and inspires meaningful conversations around preserving both memories and value.” Our Brand Agency ADbhoot, has conceptualized and developed this film.
Strengthening Emotional Connections
With ‘The Godhadi Effect’, JGP Jewellers continues to reinforce its belief that jewellery is far more than an ornament. Through stories that celebrate everyday relationships and timeless values, the brand continues to strengthen its emotional connection with customers while remaining rooted in trust, craftsmanship and family traditions.
You can watch the campaign here: https://www.youtube.com/watch?v=AoZlVS76bqA
About Jagannath Gangaram Pednekar (JGP) Jewellers
Founded in 1950, JGP Jewellers (Jagannath Gangaram Pednekar Jewellers) is a trusted jewellery retailer with a strong presence across Maharashtra and Goa. Renowned for its commitment to purity, transparency, craftsmanship, and customer trust, the brand offers an extensive collection of gold, diamond, silver, and bridal jewellery that blends traditional artistry with contemporary design. Today, with 25 stores and a legacy spanning over seven decades, JGP Jewellers continues to serve generations of customers across the region.
FAQs
Who has been elected President of the World Federation of Diamond Bourses (WFDB)?
Mehul Shah, Vice President of Bharat Diamond Bourse, has been elected President of the WFDB.
Where was the WFDB election held?
The election took place during the World Diamond Congress in Singapore.
How was Mehul Shah elected?
He was elected by a significant majority in the very first round of voting by representatives of 21 global diamond bourses.
Who were elected as Vice Presidents of WFDB?
Luigi Cosma and Philippe Barsamian were elected as Vice Presidents of WFDB.
Why is Mehul Shah’s election significant?
His appointment is considered a major milestone for the Indian diamond industry and strengthens India’s leadership in the global natural diamond sector.
What did Mehul Shah say after his election?
He described the appointment as “a victory for India,” thanked the global delegates, Bharat Diamond Bourse, GJEPC leadership, and reaffirmed his commitment to building a stronger future for the global diamond industry.
Source: SVAR Media Network
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