India, the leading diamond manufacturer and one of the leading jewellery exporters in the world, has always made a scintillating presence at all international shows with innovative and unique offerings catering to specific markets. India Pavilion, organised by Gem and Jewellery Export Promotion Council (GJEPC) has an impressive presence at the 6th Hong Kong International Diamond, Gem and Pearl show held from 26th February to 2nd March 2019 at AsiaWorld-Expo and at the 35th Hong Kong International Jewellery Show from 28th Feb to 4th March, 2019 at Hong Kong Convention & Exhibition Centre (HKCEC).
India has been adapting and transforming its labor-intensive gem and jewellery industry at a quick pace. And this has been reflected in the quality and wide variety of products that one gets to see at India Pavilion at international shows. At Hong Kong Show, India Pavilion is spread over 1428 sq.mt with 158 booths with 98 exhibitors. This year India was able to bag a prime location in Hall 2 for loose diamonds close to the entrance of the Hall. Manufacturers & retailers will be exhibiting a wide range of loose diamonds and gemstones at Hall no. 2, 7 and 11 of at Hong Kong International Diamond, Gem and Pearl Show.
Further India Pavilion at Hong Kong Convention and Exhibition Centre has been segmented into 3 sections i.e., Diamond Studded Jewellery and Mass Produced Jewellery, Gold Jewellery and Silver Jewellery. Hall 2 has a special India product gallery showcasing India’s capabilities in manufacturing world-class jewellery.
Pramod Kumar Agrawal, Chairman, GJEPC said, “Hong Kong is the leading export market for the Indian gems and jewellery. The overall gem & jewellery exports for 2018 accounted for US$ 39461.07 million. Out of which a staggering US $ 11433.10 million export were to Hong Kong; Cut and polished diamonds exports accounted for US$ 9825.27 million; Gold jewellery at US$ 775.69 million whereas coloured gemstones recorded exports worth US$ 215.28 million. The two shows, Hong Kong Diamond, Gem and Pearl Show and Hong Kong International Jewellery Show, have turned out to be a crucial platform to improve our relationship and reach out to new buyers in and around Asia.”
India has been upgrading and enhancing its skills by adapting state-of-the-art technologies and tools for jewellery manufacturing and today it caters to any jewellery requirement of the world market.
GJEPC has set up Common Facility Centres where small units and MSMEs can get access to modern machines and tools at affordable prices. Availing these services would definitely enhance the production and quality of products. GJEPC has already set up 4 CFCs in Gujarat and has plans to set up CFCs at all major gem & jewellery clusters across India.
Additionally, the Council with the support of Ministry of Commerce and Industry, Government of India, will be soon setting up a Jewellery Park in Mumbai. This dynamic venture will provide effective support to Jewellery manufacturers/traders who are interested to expand or invest in India to initiate new business or strengthen their existing business, benchmarking with the Jewellery Parks created in countries like China. Turkey, Thailand, etc. Jewellery park project is estimated to generate direct employment of around 1,00,000 workers.
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.
Courtesy - AOJ