Photo courtesy GJEPC
The continued positive impact of the gem and jewellery industry on India’s domestic and export trade has led to the establishment of a new exhibition in South India.
Held March 17 to 20, the inaugural India International Jewellery Show (IIJS) Tritiya, organized by the Gem & Jewellery Export Promotion Council (GJEPC), hosted more than 800 exhibitors and over 1,500 stalls at the Bangalore International Exhibition Centre (BIEC) in Karnataka.
“IIJS Tritiya is poised to act as a catalyst for further advancement of the gem and jewellery industry in Karnataka, benefiting both manufacturers and retailers,” says GJEPC chair, Vipul Shah. “We are already witnessing a surge in exports from this state. From April 2022 to February 2023, the gem and jewellery exports from Karnataka experienced a remarkable growth of 169 per cent, reaching US$150.33 million, as compared to last year.”
Currently, India’s overall gem and jewellery exports account for US$40 billion, Shah says, adding that GJEPC hopes to grow this to US$75 billion by 2030.
“This exhibition not only offers exhibitors a chance to showcase their products but also provides them with invaluable insights into the diverse markets and their ever-changing tastes and trends,” he adds.
The inauguration of IIJS Tritiya saw the signing of a memorandum of understanding (MoU) between GJEPC and Jewellers Association Bengaluru (JAB) with the objective of working towards the enhancement and development of jewellery manufacturing and trade in Karnataka.
“Karnataka is one state with multiple opportunities and possibilities, and Bangalore is the epicentre of South India’s domestic and international trade,” says Murugesh R. Nirani, minister for large and medium industries for the Government of Karnataka. “After establishing leadership position in technology, IT services, software, electronic manufacturing services, mobile phone handsets, and semi-conductors, we are now aspiring to enhance our gem and jewellery business as this industry contributes significantly to India’s exports.”
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