GJ Town India

GJ Exports witness a growth of 12.28% during  April 2021 to January 2022 & totaled Rs 2.4 lakh Cr The Indian gem & jewellery export sector has shown quick recovery post the pandemic with exports so far accounting for Rs. 2.4 lakh crores, a 12.28% growth (in dollar terms 6.5% growth to US$ 32.37 billion) during April 2021 to January 2022 as compared to Rs. 2.14 lakh crore (US$ 30.40 billion) during the same period in April 2019 to January 2020. Among the top 10 gem and jewellery export destinations, UAE has witnessed the highest fall of 41.50% followed by Belgium 15.81%, Japan 12.20%, and Hong Kong 3.06% during April 2021 – January 2022 as compared to April 2019 – January 2020. GJEPC, as the apex body of the gem & jewellery trade in India, is expecting that the imminent Foreign Trade Agreement (FTA) with UAE would help the industry to take a bigger leap in exports of Plain Gold and Gold studded jewellery which was hit badly during the pandemic. Colin Shah, Chairman, GJEP...

                           India-Morocco meets under India Global Connect!                                                             India, a viable GJ sourcing global destination!   Jewellery Market: The Gem & Jewellery Export Promotion Council (GJEPC) and Embassy of India, Morocco, jointly organised the India Global Connect on 20th May, 2021. The objective of the meet was to understand the current business scenario with regard to the gem and jewellery sector and have discussions among manufacturers, exporters and importers of both the countries, and initiate a dialogue, explore trade opportunities and project India as a viable sourcing destination.   Morocco is India’s second-largest trade partner from the North African region. Currently, Moro...

Expected to hit repeated monthly Records after record year in 2020   Following a record year during 2020, imports at the nation’s largest retail container ports are expected to set new monthly records from now into the summer as the nation’s economy continues to recover from the pandemic, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.   “The import numbers we’re seeing reflect retailers’ expectations for consumer demand to the point that many factories in Asia that normally close for Chinese New Year this month are remaining open to keep up,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Regardless of whether it’s in-store or on retailers’ websites, the record holiday season and numbers for 2020 show consumers are buying again and have been for a while. This surge has been going on for months, and retailers are importing merchandise faster than ever.”   Retail...

Scheduled from 18th to 22nd January, 2021   200 + exhibitors to showcase exquisite  gems and  Jewellery to 6000+ international buyers   After successful and accomplished IIJS Virtual and several Virtual Buyers-Seller Meets, which offered a much-needed opportunity for buyers and exhibitors to connect and transact business during this pandemic, GJEPC is all geared up to organise its first ever export-oriented show only for international buyers, the International Gem & Jewellery Show (e-IGJS) in a virtual format. The show is scheduled from 18th to 22nd January, 2021.   Colin Shah, Chairman, GJEPC said, “Looking at the positive developments in global markets, the recovery in retail jewellery demand and the distribution of an effective vaccine, GJEPC felt that the time was right to organise e-IGJS, a show exclusively meant for foreign buyers to source high quality products in a variety of exquisite designs.   Global markets like the US, Europe, China...

CPD exports slides 49.68% in 1Q Silver is the new silver line In the basket of GJ export India! According to the recent figures announced by the Gem & Jewellery Export Promotion Council (GJEPC), overall gross exports of Gems & Jewellery (GJ) is showing a decline of 34.72% to US$ 1647.49 million during the month of June 2020 as compared to US$ 2523.74 million in June 2019. Overall export performance during the first quarter of FY 2020-21 gross exports of Gems & Jewellery declined. Overall export dropped by 54.79% to US$ 2.75 bn during the April 2020 to June 2020, over the US$ 6.07 bn during the same period of last year, the first quarter. Cut and Polished Diamond (CPD) exports fallen by 46.91% in the month of June 2020 to US$ 898.32 mn as compared to US$ 1692.18 mn in June 2019.  This drop is being seen wider while looking at the quarter term. CPD exports for the period of April 2020 to June 2020 registered a drop of 49.68% to US$ 1801.71 m...