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India holds maiden gemstone event

17 April 2018


 

The first edition of the India Gemstone Week, aimed at further promoting India’s expertise in the gemstone business, shone the spotlight on 89 buyers from 22 countries across the globe, the organisers revealed. 

The three-day event, which ended on April 17 in Jaipur City, was organised by the Gem & Jewellery Export Promotion Council (GJEPC). Viewed as an avenue to establish and strengthen new sourcing relationships and promote India’s gemstones sector globally, it was also seen as an ideal opportunity to showcase India’s gemstone manufacturing prowess.

Pramod Agrawal, chairman of GJEPC, said GJEPC has always endeavoured to create avenues that help showcase India’s potential in the diamond, coloured gemstone or jewellery sectors. The GJEPC official also revealed that India’s coloured gemstone exports currently amount to US$420 million while India’s gemstone and jewellery industries employ five million people.

The India Gemstone Week featured Buyer Seller Meets (BSM) and an open exhibition. The BSM was organised with 36 gemstone manufacturers from India and over 89 international buyers coming from 22 countries such as Algeria, Armenia, China, Egypt, Germany, Italy, Jordan, Kazakhstan, Lebanon, Qatar, Russia, Saudi Arabia, Spain, Taiwan, the UAE, the United Kingdom and Uzbekistan.

Union Minister of State for Commerce & Industry CR Chaudhary inaugurated the event on April 15.