Gulf Network One of the world’s largest gem & jewellery B2B shows – India International Jewellery Show (IIJS) Premiere 2024 organised by India’s apex trade body, The Gem & Jewellery Export Promotion Council (GJEPC) – set a new staggering record by generating a staggering $12 billion of business over 6 days. Showcasing “Brilliant Bharat” theme this year, IIJS Premiere 2024 (the 40th edition) show dates were: 8-12 August at JIO World Convention Centre, Mumbai and 9-13 August at Bombay Exhibition Centre, NESCO Goregaon, Mumbai. IIJS Premiere 2024 had a total exhibition area of 135,000 sq. mt. (1.45 million sq. ft.), which is much higher than that of the prominent comparable shows in the western world. With over 3,600 stalls and 2,100 exhibitors, IIJS Premiere attracted over 50,000 buyers. There were 15 International delegations from 13+ countries including Cambodia, Iran, Japan, Malaysia, Nepal, Russia, Saudi Arabia, Sri Lanka, Thailand, Turkey, United Kingdom, Uzbekistan.
* **Diverse Machinery and Allied Products:** The expo featured a wide array of machinery and allied products, catering to various industries like manufacturing, construction, agriculture, and more. * **International Participation:** IGJME Premiere attracted a significant number of international exhibitors and visitors, highlighting the global reach of the event.
Mr. Goyal said that the Union Budget had cut duty rates of Gold, Silver and platinum, which was hurting the vibrant gem & jewellery industry and job creation. “India’s domestic market is resilient and growing fast to compensate for the loss in exports due to global recession. I urge gem & jewellery exporters to be positive,” he said. Mr. Goyal further added, “Indian Government is engaging with G7 actively and several relevant Union Ministers are very much involved in negotiations. We have been having extensive discussions with EU Ministers and Commissioner. There are issues of transparency, data protection and costs. But this is the first time that India is negotiating from a position of strength with the G7.”
The government of India is committed to the ethical sourcing of diamonds. The government has already taken several steps to ensure this, including the introduction of the Gem and Jewellery Export Promotion Council (GJEPC) and the Bureau of Indian Standards (BIS). These organizations play a crucial role in promoting ethical sourcing and quality control in the Indian diamond industry. The Indian diamond industry is a significant contributor to the country’s economy.
* The India-Australia Free Trade Agreement (FTA) removed double taxation for Indian IT companies. * The European Economic Area (EEA) has pledged a significant investment in India, aiming for $100 billion in investment and 1 million jobs. * Indian exporters need to enhance their value-added activities due to the global recession.
of Maharashtra, is a prominent figure in the state’s industrial development. He has been instrumental in attracting foreign direct investment (FDI) and promoting domestic manufacturing. Dr. Kamble’s career has been marked by a strong commitment to public service and a deep understanding of the industrial landscape.
“With 2,000 international buyers and 15 international delegations from over 13 countries, IIJS Premiere 2024 played a crucial role in boosting exports and expanding our global footprint. The presence of these international participants underscores the importance of IIJS as a premier platform for connecting with global markets and enhancing trade opportunities.” “The overwhelming response from buyers and the enthusiasm of exhibitors reaffirm our commitment to making IIJS the premier platform for the gem and jewellery industry. I extend my heartfelt thanks to everyone for contributing to the show’s remarkable success. Together, we will continue to drive the industry forward, setting new standards of excellence and achieving greater heights.”
This is a powerful combination that drives the demand for diamonds in India.”
This statement highlights the significance of India as a major player in the global diamond industry. It emphasizes the deep-rooted cultural connection between diamonds and love in Indian society. This connection is further strengthened by the country’s strong trade and consumer base, which fuels the demand for diamonds.
Manushi Chhillar, the former Miss Universe, has been appointed as the Brand Ambassador for the Gem and Jewellery Export Promotion Council (GJEPC). She will be responsible for promoting the Indian jewellery industry globally. Manushi Chhillar, known for her beauty and intelligence, has been a strong advocate for women empowerment and social causes.
Minister of Home Affairs, Maharashtra. The event was a resounding success, attracting over 10,000 visitors and showcasing a wide range of jewelry designs, from traditional to contemporary. The IIJS, a premier event in the Indian jewelry industry, is known for its high-quality products, innovative designs, and its role in fostering a vibrant and thriving jewelry ecosystem.
Sanjay Kumar, CEO, Zen Diamond; Mr. Rajeev Kumar, CEO, Zen Diamond; and Mr. Amit Kumar, CEO, Zen Diamond. The event was a celebration of the company’s commitment to innovation and excellence in the diamond industry. The inauguration ceremony was a grand affair, with a large gathering of dignitaries, industry leaders, and the company’s employees.
Here’s what the international delegations had to say about IIJS Premiere 2024: The Chairperson of the group, MAHA AL SIBAI, Chairperson, Dubai Business Group for Gold and Jewelry Designers (DBGGJD) said, “India is renowned for its rich heritage and expertise in jewellery design and craftsmanship. Attending the IIJS show allows us to explore the latest trends, innovations, and opportunities for collaboration. It provides a platform to connect with Indian designers, manufacturers, and industry leaders, furthering relationships that can lead to mutually beneficial partnerships. Eiji Fuksawa, Senior Director, Japan Jewellery Association, and CEO, Kohsai Co. Ltd., said, “This is my first time at IIJS, and the driving factor is that it is the second-largest gem trade fair in the world. I am here to showcase my jewelry label, Kohsai. While Japan has a wellestablished diamond market, we are keen to forge relations with India to export exotic colored gems.”
* India is becoming a major player in the global jewelry market. * India’s expertise in gem cutting and its growing prowess in producing high-quality finished jewellery are attracting Japanese buyers. * This shift is significant because India was previously known for its low-cost, mass-produced jewellery.
The quality of the gems is truly remarkable.”
Mr. Chernyshev’s statement reflects the high regard held by the international jewelry industry for the Jaipur gem and jewelry market. The IIJS, or the India International Jewellery Show, is a prominent annual event that attracts a global audience of buyers, manufacturers, and retailers.
DR. SARAK, Senior Advisor, Cambodia International Gems & Jewelry Fair, is optimistic about the prospects of finding new suppliers at the IIJS Premiere. A seasoned visitor to the event, Dr. Sarak highlighted Cambodia’s complete reliance on India for silver imports. “Cambodia never imports any silver except from India,” she remarks. Influenced by global trends, especially those popularised on Instagram, Cambodian consumers are increasingly drawn to contemporary designs. Dr. Sarak expressed keen interest in sourcing these trends at the IIJS Premiere 2024. While praising the “good quality” of Indian gems and jewellery, Dr. Sarak also noted the burgeoning jewellery market in Cambodia. With a growing economy, the country’s demand for jewellery is steadily increasing, promising a bright outlook for the coming year. Cambodia’s participation at IIJS Premiere underscores the event’s global appeal and its role in shaping international jewellery trends.
With a delegation of 50, Nepal aims to deepen ties with the Indian jewellery sector at IIJS, informs Prasun Jalan, Director, Urja Ventures Pvt. Ltd. “Being India’s neighbouring nation, we have supported IIJS for many years now and will wholeheartedly continue to do so in the future. We are primarily here to look for suppliers, and have successfully done so, as always. We have witnessed IIJS grow exponentially each year, and the gemmological innovations have been such a delight to follow!” He added. Jalan further added, “It would be fair to say that Nepal’s trends are on point with what is happening in India and we follow Indian pop culture for aesthetic inspiration, be it via Bollywood, your wedding industry and even Instagram! There is definitely a trickledown effect, as it takes around two years for our jewellery industry to ape and manufacture imitations, before Nepal starts wearing them.”
The event was a testament to the enduring legacy of the Indian gem and jewellery industry. The IIJS Premiere 2024 Celebration Night was a grand affair, with a red carpet, a dazzling display of diamonds, and a star-studded guest list. The event was a platform for the industry to come together, celebrate its achievements, and recognize the contributions of its pioneers.
The event aimed to raise funds for the cause of providing education to underprivileged children. The event was a resounding success, raising a significant amount of money for the education of children in need. The success of the Jewellers for Hope event was attributed to the participation of prominent figures in the jewellery industry, including renowned designers, manufacturers, and retailers.
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