The Gem & Jewellery Export Promotion Council Hosts Its 2023 Edition In Mumbai

EE News Desk Jan 06, 2023

The Gem & Jewellery Export Promotion Council (GJEPC) presents the first design-centric jewellery show of the calendar year 2023, India International Jewellery Show (IIJS Signature) and India Gem & Jewellery Machinery Expo (IGJME) at the Bombay Exhibition Centre, Mumbai, from 5th to 9th January 2023.

The inauguration of IIJS Signature 2023 was graced by Smt. Anupriya Patel, Minister of State for Commerce and Industry (Chief Guest); Guests of Honour, Smt. Poonam Mahajan, Member of Parliament and Shri MP Ahammed, Chairman, Malabar Gold & Diamonds; and R. Arulanandan, Director, Department of Commerce; Union Ministry of Commerce & Industry, Govt. of India along with Shri Vipul Shah, Chairman, GJEPC; Shri Kirit Bhansali, Vice Chairman, GJEPC; Shri Nirav Bhansali, Convener, National Exhibitions; Shri Sabyasachi Ray, ED, GJEPC.

The 15th edition of IIJS Signature is the biggest-ever and is as large as the IIJS Premiere, which is usually held in August each year. Given the bigger format of the show, IIJS Signature has been extended to five days instead of four, so that visitors and exhibitors are not hard-pressed for time to cover the entire show floor of six halls encompassing 65,000 sq. ft. IIJS Signature will accommodate more than 1,300 exhibitors spread over 2,400+ booths. IIJS Signature will see 24,000 visitors from 10,000 domestic companies attending the show. GJEPC has introduced a new section for lab-grown diamonds. IGJME is concurrent show with 90 plus companies, 115 plus booths at Hall 7.

This year, IIJS Signature has record number of 800 foreign visitors from 600 companies from 50 countries. Delegations have come from 10 countries: U.S., Canada, United Kingdom, Malaysia, Sri Lanka, Iran, Bangladesh, Nepal, UAE, Bahrain and Russia. For the first time a delegation has come from Saudi Arabia with 18 prime buyers.

Chief Guest Smt. Anupriya Patel said, “Effort made by GJEPC to make the 5-day IIJS Signature show bigger, better and greener is truly praiseworthy and commendable. IIJS Signature has given an opportunity to indigenous jewellers from diverse parts of the country to showcase their versatile collections to international buyers from 50+ countries. With $40 billion worth of exports, the gems & jewellery sector is a prominent contributor to growing Indian exports year on year. India has just signed two significant FTAs with UAE and Australia, which has resulted in strong double-digit growth in exports to these countries. Talks are going on with Canada, EU and UK and Piyush ji has promised to operationalise two more FTAs this year. IIJS Signature has always had a rich legacy and this ‘green’ expo edition is special as it has special booth for women entrepreneurs and showcase for budding jewellery designers. Ministry has taken several steps such as implementation of simplified regulatory framework for gem & jewellery exports through e-commerce, reduction of duties for imports of diamonds, a new gold monetisation policy and hallmarking norms. Government is committed to promoting gem & jewellery exports.”

Poonam Mahajan, Member of Parliament, said the next 25 years after Amrit Mahotsav celebration should see India as the global leader and hub in gem & jewellery exports. She said that Bharat will be a Kohinoor in the global gem and jewellery business. “The new Jewellery Park in Navi Mumbai will make Maharashtra and India a global leader. It is estimated to generate 1 lakh jobs in this sector,” she opined.

MP Ahammed, Chairman, Malabar Gold & Diamonds, said, “GJEPC has helped regional jewellers with a global platform to fulfil Prime Minister’s vision of taking Indian jewellers from every corner of the country to the global market. We believe in Make in India and Market to the world concept.”

Vipul Shah, Chairman, GJEPC said, “India is a world leader in diamonds, gems & jewellery and GJEPC has earned the title of being the most proactive EPC in India due to several initiatives such as IIJS, international exhibitions and promotions. This year, the show has become bigger, better and greener than ever before. India's overall gem and jewellery exports in this year saw a growth of 8.26% as compared to last year. The last quarter of this fiscal year is very crucial as it demands a strong growth to achieve this year’s target of USD 45.7 billion. Post the operationalisation of India-UAE CEPA, the gem & jewellery industry witnessed around 25% growth in exports to UAE. And now with India-Australia ECTA, we will witness similar growth in exports to Australia in the coming months. We also look forward to the FTAs with UK and Canada.”

and 800 plus exhibitors, we expect IIJS Tritiya to be almost as big as last year’s IIJS Signature.