The Gem & Jewellery Export Promotion Council (GJEPC) successfully concluded the exclusive B2B jewellery show the IGJS in association with Gemfields, at JECC, Jaipur, India’s coloured gemstone capital, from 10th to 12th May 2022.
The three-day show witnessed 200+ leading exhibitors showcasing their gems and designer jewellery to 650 international buyers from across 48 countries.
It was the first-ever physical event hosted exclusively for global buyers in India to increase exports and to exemplify India’s stronghold on the gem and jewellery industry. The exclusive show catered to all product segments of gem and jewellery such as colour gemstones, loose diamonds, plain gold jewellery, diamond-studded jewellery, gemstone studded jewellery and silver jewellery.
Being the world leader in cut and polished diamonds, the coloured gemstones capital of the world, and the fastest-growing gold jewellery exporter, IGJS catered to every sourcing need of the global market.
India plays a prominent role in the global gem and jewellery industry with exports of nearly USD 40 billion annually. The top markets are the USA accounting for 37% of India’s G&J exports, Hong Kong (24%), UAE (14.5%), Belgium (5%) and Israel (4%).
Speaking of IGJS 2022, Colin Shah, Chairman, GJEPC, said, “IGJS Jaipur owes its success to its aim of bringing together India’s leading exhibitors and international buyers. The show has helped us fulfil the Government’s mission to ‘Make in India for the world’. IGJS will also boost our efforts to reach USD 75 billion in exports in the next few years. We thank PM Narendra Modi for his bold vision to grow exports through the signing of FTAs with important markets such as UAE and Australia. I think we will see a USD 5 billion boosts in exports this year itself as a result of these treaties.”
Dilip Shah, Convener, International National Exhibitions, GJEPC, said, “I am glad that we managed to successfully put up a show of such high magnitude involving all the important stakeholders. There has been tremendous demand from international markets for gems and jewellery post the pandemic, which is even reflected in India’s last year’s exports which stood at nearly USD 40 billion. We have received favourable feedback from international buyers and exhibitors about IGJS Jaipur and we look forward to organising IGJS in New York and Dubai later this year.”
Visitor Mohammed Tamjid Abdullah, CEO of Jawahara Jewellery, UAE, said, “We are one of the fastest-growing companies with around 250 branches around the GCC countries in the Middle East. India will always be one of the main streams for the jewellery business in our country and region. Since I was a child, we used to import 21-karat and 22-karat jewellery from India and then diamond jewellery. And now with all the exhibitions that the Indian Government and entities like GJEPC are organising either in Mumbai or now in Jaipur, I think we are on the right path. The show management encouraged me to come to IGJS Jaipur and I’m really impressed by the number of exhibitors and clients coming from overseas. Inshallah, by next year we should see this exhibition double in size.”
Exhibitor Abhishek Sand, Partner, Savio Jewellery, Jaipur, “We have had a great show at IGJS Jaipur as we have got customers from countries that we would never have been able to reach out to. We got serious queries from Iran, South Africa, Brazil, and Australia; and some buyers that we had first met at IGJS held in Dubai reconnected with us in Jaipur.”
Exhibitor Apurva Gupta, second-generation entrepreneur of Gem Worth, Jaipur, noted that as first-time participants in the IGJS format, they were happy to receive a few good queries from Russia, Saudi Arabia, and South Africa. “We are hopeful of converting these into orders. We are into wholesaling business of fine jewellery and gemstones and supply the world over. We also participate in the GJEPC-organised India Pavilions in JCK and Hong Kong shows.”
The show inauguration was graced with the presence of Shri R. Arulanandan, Director, Department of Commerce, Govt. of India; Shri Colin Shah, Chairman, GJEPC; Shri Dilip Shah, Convener, International National Exhibitions, GJEPC; Shri Nirmal Bardiya, Regional Chairman, Rajasthan, GJEPC; Shri Vijay Kedia, Convener, Coloured Gemstones Panel, GJEPC; and Shri Sabyasachi Ray, Executive Director, GJEPC.