GJEPC, the jewellery sector apex physique, is now specializing in taking South India’s ‘under explored’ jewellery enterprise to international patrons via commerce exhibits & promotions.
| Photo Credit: DEEPAK KR
Even although the South Indian jewellery retail market (based on Frost & Sullivan) has crossed the ₹2 lakh-crore mark and now accounts for 40% of the general Indian jewellery retail enterprise, it’s still under-explored as per The Gem & Jewellery Export Promotion Council (GJEPC).
GJEPC, the jewellery sector apex physique, is now specializing in taking South India’s ‘under explored’ jewellery enterprise to international patrons via commerce exhibits & promotions.
The organised retail share of the South Indian jewellery retail market is greater than ₹65,500 crore whereas the unorganised phase consists of over 2 lakh conventional native goldsmiths and jewellers, however worldwide patrons of gem & jewellery usually are not fairly acquainted or sourcing to the extent desired, the council feels.
Vipul Shah, Chairman, GJEPC mentioned, “Southern India is likely one of the greatest gem & jewellery markets for home consumption and exports is obvious from the multitude of worldwide acknowledged firms and types present right here. Yet the Southern India market is an under-explored jewellery market for nationwide and worldwide B2B producers.
With Bengaluru rising as a bridge between India and the U.S. on the tech aspect, GJEPC is taking a number of initiatives to develop the gem & jewellery enterprise within the southern markets.
GJEPC is organizing the first-ever India International Jewellery Show – IIJS Tritiya – in Southern India on the Bengaluru International Exhibition Centre (BIEC) from March 17 to twenty. This comes a month previous to Akshaya Tritiya, the auspicious gold jewellery-buying pageant.
IIJS Tritiya, the third exhibition beneath the IIJS banner, options greater than 800 exhibitors and over 1,500 stalls and the occasion is anticipated to draw over 12,000 commerce guests from 500 cities.
It will showcase a variety of merchandise, together with gold and gold CZ studded jewellery, diamond, gemstone and different studded jewellery, silver jewellery, artefacts, and gifting objects, free stones, lab-grown diamonds, in addition to laboratories and academic sources.
As GJEPC targets $75 billion of gem & jewellery exports from the current stage of $40 billion, the significance of Southern India is rising quickly, Mr. Shah added.
Southern India could also be rising when it comes to jewellery exports however it could do a lot better in comparison with Western India (Mumbai and Surat), the Council believes.
