India Silver Jewellery BSM by GJEPC concluded
Witnessed
27 Leading Indian Silver Jewellery manufacturers and
49
International buyers from 16 countries participate at the BSM
The
Gem & Jewellery Export Promotion Council (GJEPC), the apex industry body of
the industry organized its 1st India Silver Jewellery Buyer Seller Meet (BSM)
during 3rd – 5th October 2018 in New Delhi. Mr. Senthilnathan S. Deputy
Secretary, Dept. of Commerce, Govt. of India inaugurated the proceedings of
BSM.
In
the first edition itself, the BSM has witnessed very encouraging response with
27 Leading Indian Silver Jewellery manufacturers displaying a wide range of
exquisite Silver Jewellery Products to 49 International buyers from 16
countries consisting of Silver Jewellery Wholesalers, Retailers, Traders &
Chain stores from nations such as Algeria, Australia, Egypt, Ireland, Jordan,
UAE, UK, Uzbekistan, Kazakhstan, Kenya, Lebanon, Oman, Russia, Singapore, Sri
Lanka, Tanzania.
Pramod
Kumar Agrawal, Chairman, GJEPC said, “There is a growing demand for Silver
jewellery or alternative metal globally. India can capitalise of this as it has
the capability and skills to produce quality Silver jewellery matching
international standards.
The
focus of the sector is to garner foreign exchange and increase value addition
thereby generating employment in the sector. Silver jewellery product from
India needs adequate exposure in the world market and thus steps like focused
BSMs will help grow the demand for the product from India amongst consuming
nations.
We
would also like to organise such BSMs in overseas markets by inviting potential
buyers, thus giving maximum exposure to Indian Silver jewellery manufacturers
across the world. We are hopeful that the Govt. would support this sector with
trade friendly policies and thus help it to play a bigger role globally.”
Mr
Agrawal further added, “Over the years, the demand for Made in India Silver
Jewellery has increased worldwide. India has been offering a variety of
designs, which are affordable and light weight. Moreover, India has added more
value through bold use of diamonds and coloured gemstones.”
The
Silver Jewellery Exports from India stood at USD 3.38 billion in the year 2017,
placing India amongst top 5 leading Silver jewellery exporters in the World.
“The
Silver Jewellery BSM provided a never before opportunity to decision makers to
meet with the participating manufacturers for sourcing Silver Jewellery,
understand supply chain, business practices and culture, identify and develop new
sourcing opportunities and substantially, increased the scope of direct exports
of Silver Jewellery to the targeted regions” said Mr. Dilip Shah, Convener, International
Exhibitions, GJEPC.
Lina
Abouhalka, one of the buyers from Beirut, which is the largest city of Lebanon,
attending the event said, “It is a fantastic initiative from GJEPC showcasing
the true strengths of jewellery craftsmanship in India. The buyer and seller
meet is very promising which gives an opportunity to explore fine silver
jewellery collections.”
She
also said future will be of Silver jewellery since gold is getting expensive
day by day.
Apart
from such BSMs, GJEPC in its continuous endeavor to promote Indian Gem
&Jewellery exports undertakes various initiatives like India International
Jewellery Show (IIJS), Asia’s largest gem & jewellery trade show; Signature
IIJS and World’s only jewellery week ‘India International Jewellery Week’.
GJEPC
has been organizing India Pavilions at various International shows including
Hong Kong International Jewellery Show and Basel World, Carat +, Singapore Intl
Jewelry Expo, Vicenza Oro Fall, Bangkok Gem & Jewelry Show, Mid East Watch
& Jewellery Show, Beijing International Jewellery Fair, Malaysia
International Fair and Jewellery Arabia, and many more.
GJEPC
will soon host the most prestigious India Diamond Week during 23rd –
25thOctober in Mumbai which will be in conjunction with World Diamond Council
AGM and World Federation of Diamond Bourses (WFDB) Meet, also, the second
edition of India Gold & Jewellery Summit to be held in Delhi between 23rd
and 24th November 2018.
GJEPC,
the apex body of the Industry has been at the forefront for the benefit of this
gigantic industry. GJEPC is also the Nodal Agency in India for Kimberly Process
Certification Scheme. The Council works closely with the Government of India
and the Trade.
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