In this 72nd episode of the Paul Zimnisky Diamond Analytics Podcast, Richa Singh, the Natural Diamond Council's (NDC) Managing Director for India, joins the show for the first time. The episode begins with Paul recollecting his experience of being in India last year, especially as it pertains to the size of the gems and jewelry industry in Mumbai and Surat. Richa then discusses the cultural relationship for jewelry between India and the Middle East as Titan Company just acquired Damas Jewellery. The two then analyze why the Indian consumer economy may be the be dominant source of new growth for the diamond industry in the coming decades. Next, Paul and Richa talk about lab-grown diamond penetration in the Indian consumer market versus the U.S. Finally, Richa shares thoughts on the future of the NDC following the Luanda Accords and the announcement that CEO David Kellie will be retiring at the end of the year.

Hosted by: Paul Zimnisky

Guest: Richa Singh

Guest plug: www.naturaldiamonds.com

More information on PZDA's State of the Diamond Market report: www.paulzimnisky.com/products

Show contact: [email protected] or visit www.paulzimnisky.com.

Please note that the contents of this podcast includes anecdotes, observations and opinions. The information should not be considered investment or financial advice. Consult your investment professional before making any investment decisions. Please read full disclosure at: www.paulzimnisky.com.