Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the gem & jewelry industry in India, kick-started the 6th edition of “India Gemstone Week” in Jaipur today. The event was inaugurated by Mr. Pramod Kumar Agrawal, Chairman, GJEPC; Shri Nirmal Bardia, Regional Chairman, Shri Vijay Kedia, Co-convener, Coloured Gemstones Panel, Shri Sabyasachi Ray, Executive Director, organized along with International buyers and exhibitors from India.
Mr. Pramod Kumar Agrawal, Chairman,
GJEPC said,“The Indian coloured gemstone
industry has been one of the finest cutting centre for precious and
semi-precious gemstones. This industry has been here for more than 300 years
now and currently 3 lakh people are directly involved in the gemstone business.
India’s exports of coloured gemstones accounted for US$ 421.73 million in 2018
as compared to US$ 420.79 million in 2017. GJEPC is constantly working to boost
the exports by exploring new markets. We are also developing this sector by
providing better infrastructure, skill upgradation, creating opportunity to
meet international buyers through platforms like India Gemstone week. In order
to sustain rough supply for manufacturing, GJEPC is organizing BSM with mining
companies of various Mining destinations across the globe. Our efforts would be
to create employment in the sector and improve its contribution to the
“India Gemstone Week is an ideal
opportunity to showcase India’s strength & capabilities in manufacturing
world-class cut & polished Gemstones both Precious &semi-Precious. For
buyers, it will be an opportunity to meet manufacturers for sourcing Gemstones,
understand supply chain, business practices and culture.” added Agrawal.
Mr. Dilip Shah, Convener,
International Exhibitions said, “India Gemstone Week has received a good response
and support from International buyers and exhibitors. Over the next three days,
around 30 exhibitors will be showcasing a wide range of precious and
semi-precious gemstones to around 75 international buyers. We have buyers from
Algeria, Australia, Bahrain, Belgium, Brazil, China, Egypt, France, Italy,
Jordan, Lebanon, Luxembourg, Russia, Spain, Sweden, Thailand, UK, USA and Uzbekistan.
“Today, India is the preferred
sourcing destination for quality gems and jewellery. The industry has always
followed ethical business practices and exporters here undertake business
lawfully adhering to all norms and practices, prescribed very diligently” added
The India Gemstone Week will be a
mix of a Buyer Seller Meet (BSM) and an open exhibition. Pre- fixed One- 2- One
meeting of approximately 30 minutes will be scheduled between the buyer and
seller on the first 2 days and open exhibition on the 3rd day of the event.
Jaipur is considered to be one of
the finest cutting centre for Emerald, Tanzanite, Morganite and many other
gemstones. It processes more than 300 different varieties of precious and
semi-precious gemstones and the industry alone employs more than 3 lakh people.
With a view to serve the ever-increasing
demand of the global market and to facilitate the Karighars of the sector with
better infrastructure and work environment, GJEPC has plans to set up Gem
Bourse in Jaipur. The Gem Bourse will house more than 2000 offices of coloured
gemstones manufacturers and traders along with the offices of customs, customs
bonded area, banks, and other service providers at one place. This will be one
of its kind place which would be providing secure environment for the
international buyers of coloured gemstones to fulfil their requirements for any
kind of gemstones at one place.
The Indian G&J industry has
been involved in large-scale philanthropic and charitable activities,
particularly in the field of education and health. The industry has responded
to national calamities and emergency situations with great promptness. GJEPC
though “Jewellers for Hope” has made significant contribution towards causes of
Girl Child Education, Sanitation, tribal education and cancer patients.
Apart from its constant effort to
develop its gem and jewellery industry through infrastructure and skill
development, the Indian industry has been following ethical business practices
and complying to world business standards which has made India the ideal
destination for sourcing quality gems and jewellery.