ICA goes to Russia

The International Colored Gemstone Association (ICA) has reached an agreement with the organizers of the International Jewellery Moscow (IJM) show, scheduled for May 19-22, 2005, to dedicate space to an exclusive, sizable ICA Pavilion that will allow ICA members to exhibit their products.

IJM’s organizers are the international firm Reed Exhibitions and the Russian company Restee Exhibition Company. In addition, the event enjoys the support of Ros Yuvelir Expert, a Russian informational and analytical agency, as well as of the Russian Jewellery Trade Club and the Russian Professional Jewellers Union.

The International Jewellery Moscow exhibition will take place at the Atrium of Gostiny Dvor, near the Red Square and the Kremlin. The show already attracts jewelry manufacturers from Australia, Belgium, France, Germany, Hong Kong, India, Italy, and Switzerland. Thailand, United Kingdom, and USA. Russia’s leading manufacturers will also be represented.

“ICA has been looking carefully at new growth markets and has identified Mid and Eastern Europe as one of the promising and potential areas for growth in gem and jewelry sales,” said Joseph M. Menzie, ICA’s president. “An ICA pavilion at the Moscow show … will be a great visiting card for the international colored gemstone industry and trade.”

The Russian consumer market and its potential will also be discussed at the upcoming 2005 ICA Congress, to be held in Bangkok, Thailand Feb. 18 to 21, 2005. Two Russian gem and jewelry traders, Flun Gumerov, president of Almaz Holding and Karen Akavian, president of Formica Impex, will speak about the “evolution from socialism to capitalism,” and will give an overview of the Russian gem and jewelry market potential and its growth.