Interview with Mr. Pranav Shah

Trustworthy behavior is something you cannot fake without the beliefs and values behind them. Pranav Shah, our guest today, says that in dealing with people in business trust but first verify.

Parnav Shah

Parnav Shah, Diamond Broker

How did you start yours career in diamond industry?
5 years back I started working with my cousin who was already part of Indian diamond market.  Learned about all the important aspects of diamond assortment. Got experience of buying diamonds in market. Later I worked at Supergems Jewelry and got very good experience in marketing.
Presently I am working at opera house (Mumbai Diamond market) as diamond broker.

How was the slowdown of 2008 diamond industry?
People who were working some Diamond companies faced lot of tension. There was lot of uncertainty about job security. However now things are better and bad phase has passed. People should be prepared to see such ups and down in diamond market, a kind of cycle which will repeat.

Any bad or good things that comes to your mind in your last 5 years of experience?
One important thing is one has to be very careful in diamond brokering. A thorough check needs to be done on buyers in market. Dealing with unknown party has lot of risks.
In 2008 slowdown lot of companies and individual went broke just because they were not able receive payments on goods they has delivered. This is one risk I have distinctly seen in my experience.

Can you think of any changes happening in local Indian diamond markets in next 5 to 10 years?
I cannot speak of 5 years but for next 2 -3 years diamond market should enjoy growth and see good days. Looking at present demands of goods I am very optimistic.

Do you want to give any message to diamondbhai readers?
Trust but verify! keep faith in yourself and keep working hard.

 

How did you start yours career in diamond industry?

5 years back I started working with my cousin ‘Cousin-name’ who was already part of Indian diamond market.  My Cousin owns a business with name ‘company-name’. Learned about all the important aspects of diamond assortment. Got experience of buying diamonds in market. Later I worked at Supergems Jewelry and got very good experience in marketing.

Presently I am working at opera house (Mumbai Diamond market) as diamond broker.

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