Mumbai: The Gems and Jewellery Export Promotion Council (GJEPC) inaugurated its first-ever three-day long International Gems and Jewellery Show (IGJS) 2021, a physical event hosted internationally since the onset of the coronavirus pandemic in Dubai starting from Monday.
The first-ever B2B show post-pandemic was inaugurated by his Excellency Pavan Kapoor, Ambassador of India to UAE at the Grand Hyatt in Dubai. Chandu Siroya, Vice Chairman – Dubai Gold & Jewellery Group, Colin Shah, Chairman, GJEPC, Dilip Shah, Convener, International Exhibitions, GJEPC, and Sabyasachi Ray, Executive Director, GJEPC remained present on this occasion.
The IGJS Dubai is supported by Dubai Gold and Jewellery Group and co-sponsored by International Gemological Institute Pvt. Ltd. (IGI).
India has a long-standing history with gems and jewellery which is now intrinsic to the culture. The jewellery showcased represents the enchanting characteristics and enduring legacy telling a story of strength in design and craftsmanship. This curated gem & jewellery show is put together along with the leading jewellery manufacturers from India, exclusively for select international buyers.
India plays a prominent role in the global gem and jewellery industry with exports of USD 40 billion annually. Major export markets being the USA, Middle East, Hong Kong, and China; India offers a range of world-class products including cut & polished diamonds, diamond-studded jewellery, plain gold jewellery, silver jewellery, colored gemstone (precious and semi-precious) jewellery, etc.
With 185 gem and jewellery clusters across India, the industry is one of the biggest with 4.8 million people employed. It has state-of-the-art infrastructure for producing G&J products in SEZs and is well versed in using both traditional and advanced technology and methods including Artificial Intelligence (AI).
Ambassador of India to UAE, Pavan Kapoor said, “India contributes 27% to global gem & jewellery industry. We must try and create more opportunities to increase this share. This is one of the fastest-growing sectors in the Indian economy with an annual growth rate of approximately 16%. The Government has permitted 100% FDI through the automatic route, and has made hallmarking of jewellery and artifacts mandatory, which will improve the credibility of our products”
“Although the covid 19 pandemic has severely affected our gem & jewellery exports to UAE, we are very pleased to see stable signs of recovery, with the easing of travel restrictions, the arrival of tourism, and much-awaited Expo 2020 Dubai taking place,” said Kapoor.
Colin Shah, chairman, GJEPC said, “We are grateful that the UAE government has granted permission for holding IGJS at the Grand Hyatt in Dubai. The seemingly insatiable global demand for jewellery despite the pandemic has boosted Indian gem and jewellery exports through 2021 and we’re hopeful of finishing the year on a positive note”
“India has always been the key player at Middle East region contributing around 40% of jewellery exports from India, and Dubai is the jewellery gateway for the most strategic jewellery markets such as the Gulf countries, Russia, Eastern Europe, North and East Africa, India, Central Asia, South, and East Asia. IGJS is a great opportunity for the retailers, manufacturers, and stakeholders to reconnect at the start of the festive season” added Shah.
Dilip Shah, convener of International exhibitions, GJEPC said, “ IGJS Dubai show has registered 550 plus International buyers, 70 plus Indian gems and jewellery companies. We have buyers from across the world, including Russia, Saudi Arabia, Bahrain, Bangladesh, Iran, Lebanon, Uzbekistan, UAE, USA, Nepal, Sri Lanka, UK, Pakistan, Egypt, France, Italy, Kuwait, and Oman, among others. The show will follow all covid-related precautionary measures prescribed by the UAE Government.”
The buyer profile consists of wholesalers, retailers, and importers from all sectors of the worldwide jewellery industry. Design houses, jewellery manufacturers sourcing diamonds and gemstones, and independent retailers are also expected to visit the show.
GJEPC will ensure all possible safety measures at the event, as per the mandated protocols of the Government of UAE, which will ensure safety for all and boost the confidence of visitors at the event.