India Gemstone Week opens!
GJEPC
hosts new buyers, new market!
Gem
& Jewellery Export Promotion Council (GJEPC), the apex body of the gem
& jewellery industry in India, kick started the 6th edition of “India Gemstone
Week” in Jaipur to run untill April 13. The event was inaugurated by Mr Pramod
Kumar Agrawal, Chairman, GJEPC; Shri Nirmal Bardia, Regional Chairman, Shri Vijay
Kedia, Co-convener, Coloured Gemstones Panel, Shri Sabyasachi Ray, Executive
Director, along with International buyers and exhibitors from India.
Mr
Pramod Kumar Agrawal, Chairman, GJEPC said, “The Indian coloured gemstone
industry has been one of the finest cutting centre for precious and
semi-precious gemstones. This industry has been here for more than 300 years
now and currently 3 lakh people are directly involved in the gemstone business.
India’s exports of coloured gemstones accounted for US$ 421.73 million in 2018
as compared to US$ 420.79 million in 2017.
GJEPC
is constantly working to boost the exports by exploring new markets. We are
also developing this sector by providing better infrastructure, skill
upgradation, creating opportunity to meet international buyers through
platforms like India Gemstone week. In order to sustain rough supply for
manufacturing, GJEPC is organizing BSM with mining companies of various Mining
destinations across the globe. Our efforts would be to create employment in the
sector and improve its contribution to the economy.”
“India
Gemstone Week is an ideal opportunity to showcase India’s strength &
capabilities in manufacturing world-class cut & polished Gemstones both
Precious & semi-Precious. For buyers, it will be an opportunity to meet
manufacturers for sourcing Gemstones, understand supply chain, business
practices and culture.” added Agrawal.
Mr
Dilip Shah, Convener, International Exhibitions said, “India Gemstone Week has
received a good response and support from International buyers and exhibitors.
Over the next three days, around 30 exhibitors will be showcasing a wide range
of precious and semi-precious gemstones to around 75 international buyers. We
have buyers from Algeria, Australia, Bahrain, Belgium, Brazil, China, Egypt,
France, Italy, Jordan, Lebanon, Luxembourg, Russia, Spain, Sweden, Thailand,
UK, USA and Uzbekistan.
Today,
India is the preferred sourcing destination for quality gems and jewellery. The
industry has always followed ethical business practices and exporters here
undertake business lawfully adhering to all norms and practices, prescribed
very diligently.”
The
India Gemstone Week will be a mix of a Buyer Seller Meet (BSM) and an open
exhibition. Pre-fixed One-2-One meeting of approximately 30 minutes will be
scheduled between the buyer and seller on the first 2 days and open exhibition
on the 3rd day of the event.
Jaipur
is considered to be one of the finest cutting centre for Emerald, Tanzanite,
Morganite and many other gemstones. It processes more than 300 different
varieties of precious and semi-precious gemstones and the industry alone
employs more than 3 lakh people.
With
a view to serve the ever-increasing demand of the global market and to
facilitate the Karigars of the sector with better infrastructure and work
environment, GJEPC plans to set up Gem Bourse in Jaipur. The Gem Bourse will
house more than 2000 offices of coloured gemstones manufacturers and traders
along with the offices of customs, customs bonded area, banks, and other
service providers at one place. This will be one of its kind places which would
be providing secure environment for the international buyers of coloured
gemstones to fulfil their requirements for any kind of gemstones at one place.
The
Indian G&J industry has been involved in large-scale philanthropic and
charitable activities, particularly in the field of education and health. The
industry has responded to national calamities and emergency situations with
great promptness. GJEPC though Jewellers for Hope has made significant
contribution towards causes of Girl Child Education, Sanitation, tribal
education and cancer patients.
Apart
from its constant effort to develop its gem and jewellery industry through
infrastructure and skill development, the Indian industry has been following
ethical business practices and complying world business standards which has
made India the ideal destination for sourcing quality gems and jewellery.
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