Contemporary Jewellery by Dwarkadas Chandumal Jewellers

It is made of gold, diamonds and colorful precious stones.

Post By : IJ News Service On 17 January 2015 1:10 PM
In the next session, the manufacturers’ perspective was presented by Jacky Tache, partner, Tache Diamonds, Antwerp; Elliot Tannenbaum, senior principal, Leo Schachter Diamond Group, Israel; and Anil Shah, partner, Venus Jewel, India. Tache stressed the need for a developing a business model and strategy that allowed for maximum flexibility and quick adaptation to new situations. He felt that a ‘global approach’ to both production and marketing was important, with companies needing to set up factories manufacturing a range of goods in producing countries and lower cost manufacturing centres, and developing a strong polished distribution system that balanced between the established markets and the emerging ones. %% Elliott Tannenbaum complimented Indian manufacturers for the way they had adjusted to the crisis. He said that they had emerged stronger by investing heavily in technology. The large scale of individual businesses and the concentration of manufacturing facilities in a geographical area were two critical factors that had facilitated this development. He drew parallels with the way Japanese automobile manufacturers had utilised the opportunity presented by the oil crisis of the last decade to develop new hi-tech cars that eventually totally took over the global automobile market. %% Anil Shah presented an overview of how the Indian industry had evolved over the last decades, and made a strong plea to manufacturers to start thinking about the methods by which they could add value to the product. Paying attention to technology, especially IT, upgrading cutting skills and attracting new talent to the industry were three of the most important factors he felt. Shah also made a plea for the Indian manufacturers to invest in education – that is the only way we can attract the best brains, and develop a highly skilled workforce that could help the industry strengthen itself in the next phase of growth.

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