Baselworld exhibition will be shorter by two days in 2018, after this year's exhibition was attended by a smaller number of buyers and exhibitors.
In total, the event, which ended on Thursday, attended by 106,000 customers, which is 4% less than in the previous year, said the exhibition organizers. According to National Jeweler, the number of exhibitors fell by 13% to 1300.
The organizers said they listened to feedback from exhibitors, limiting the duration of the show to six days in the next year instead of the traditional eight. Baselworld 2018 will be held from March 22 to 27 next year.
"We have decided to reduce the duration of the show and, accordingly, to adjust the price (to participate)," - says Sylvie Ritter, managing director of Baselworld. She added that the industry is going through a difficult period, and smaller companies have the greatest effects of the economic downturn.
According to the Federation of the Swiss Watch Industry (Federation of the Swiss Watch Industry) , the exhibition was held against the backdrop of the global recession watchmaking sector, and reduced by 10% of Swiss watch exports in 2016.
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As part of its activities in the current fiscal year, the Geological Survey of India (Geological Survey of India, GSI) conducts exploration of diamond deposits in the districts of Khammam and Mahboobnagar Indian state of Telangana.
The project was approved by the government in 2015, and GSI began work in these areas in Geological season 2015-2016, said the Minister for the steel industry and mining Vishnu Deo Sai (Vishnu Deo Sai). Exploration projects are expected to be completed in 2016. According to the minister, the GSI is engaged in the search for kimberlite diamond deposits.
Earlier, De Beers company carried out exploration on the plateau Amrabad (Amrabad) in Mahboobnagar district, but after the initial reconnaissance 2009-2010 news about the project will no longer appear.
Currently, the mine Panna (Panna) in Madhya Pradesh is the only active diamond mine in India and operated by National Mineral Development Corporation (NMDC).
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