Tag: GJEPC

Indian Craftsmanship Dazzles at JCK Las Vegas 2024

10th June, Las Vegas: The Gem & Jewellery Export Promotion Council (GJEPC) is thrilled to announce the successful conclusion of the India Pavilion and Design Gallery at JCK Las Vegas 2024. The event, held from 31st May to 3rd June at the Sands Expo & The Venetian, has once again demonstrated the exceptional craftsmanship and innovative designs that Indian jewellers bring to the global stage.

JCK

The India Pavilion, spread over 4,900 square feet across Level 1 and Level 2 (Passport Section, Diamond Pavilion, Lab-Grown, and Current Sections), hosted 39 esteemed member exporters. The pavilion attracted significant footfall, with visitors expressing great admiration for the exquisite array of precious metal jewellery, both plain and studded, and the loose gemstones on display. The high visitor engagement underscores the global appreciation for the quality and artistry of Indian jewellery.

Vipul Shah, Chairman of GJEPC, remarked, “The overwhelming response to the India Pavilion at JCK Las Vegas reaffirms our position as leaders in the global jewellery market. JCK Las Vegas continues to be a vital platform for Indian exporters to understand and align with the latest trends in the USA market. The event provides invaluable insights into consumer preferences and emerging styles, enabling Indian jewellers to refine their offerings and strengthen their presence in the international market. The USA, which accounted for 30.2% or $9.94 billion of India’s total gem and jewellery exports in FY 2023-2024, continues to be our largest export destination.”

A major attraction this year was the India Design Gallery, located at L-105, Level 1, which showcased some of the most beautifully crafted jewellery pieces from India. This exclusive gallery, featuring 20 stunning pieces, was widely appreciated by visitors for its display of India’s rich heritage and modern creativity. The themes, “Objet Trouvé” and “Unusual Materials,” highlighted the versatility and ingenuity of Indian artisans, creating a compelling narrative that resonated with the diverse audience.

Amit Mulani, General Manager, Parishi Diamond Inc., noted that the show was on the slower side, which we had anticipated. The first day’s footfall were decent, and the subsequent days were average. However, our experience with GJEPC has always been great. We’ve been working exhibiting in the India Pavilion and have participated in their numerous shows since many years, and it has always been positive.”

A sales executive from Dharam Export India Pvt. Ltd. shared that this was their first time exhibiting at the India Pavilion at JCK Las Vegas, and they received a very good response. “We are planning to participate again next year as well.”

Kushi Shah from Illusion Solitaire Diamond Trade, too, informed that it was their first time here, “We’ve had a great experience meeting people from different cultures and countries. The first day was a bit slow, but overall, it was wonderful to showcase our jewellery and make many new contacts. We’d love to participate again.”

Commenting on the overall show, Ashish Sand from Savio Jewellery India said, “The show was phenomenal for us, with numerous buyers from South America and Canada. Our experience at JCK was excellent. Despite the recent rise in gold prices, the response exceeded our expectations. Every appointment led to a successful conversion, making it an outstanding show for us.”

GJEPC welcomes Vote-on-Account Budget which sows the seeds to achieve Viksit Bharat in Amrit Kal

Interim Union Budget 202425 Reaction by Shri Vipul ShahChairmanGJEPC

Gem & Jewellery Export Promotion Council (GJEPC) welcomes Union Finance Minister (FM) Smt Nirmala Sitharaman’s announcement to make our country Viksit Bharat by FY2047. Exporters will agree with Hon. FM that globalization is being redefined and a new world order is emerging after the pandemic. For gem & jewellery exporters, the recently announced India-Middle East-Europe Economic Corridor is a strategic and economic game changer for India and others.

Just as the CEPA trade agreement has increased jewellery exports to the Middle East, we welcome bilateral trade agreements with European countries and others to boost gem & jewellery exports. We welcome FM coining real G.D.P. growth as well as her emphasis on Governance, Development & Performance. Before FM presents the full budget and detailed roadmap for the pursuit of ‘Viksit Bharat’ in July, Council seeks inclusion of gem & jewellery artisans and craftsmen in the PM-Vishwakarma Yojana provides end-to-end support scheme.

Of the increase outlay of Rs. 11.11 lakh crore announced by the FM, we seek allocation towards modern infrastructure such as Jewellery Parks for boosting gem & jewellery exports from India. As 80%+ of gem & jewellery industry are MSMEs, we urge FM to include Government schemes for Gems and Jewellery that will help the sector compete globally, including the skilling and training for MSMEs. We eagerly await FM’s detailed strategy for Amrit Kal and an economic export policy with Sustainable Reform, Perform and Transform earning Sabka Vishwas for the next 5 years of unprecedented development.

Union Budget 2024-25: GJEPC’s Recommendations To the Government To Propel Gem & Jewellery Exports

1. Safe harbour rule for sale of rough diamonds in Special Notified Zones (SNZs)

2. Introduction of Diamond Imprest License and reduction in import duty on cut & polished diamonds to 2.5%

3. Reduction in import duty on gold/silver/platinum bars to 4%

4. Introduction of a mechanism like “Rates & Taxes Refund” through EDI system similar to GST refund

Digital Jalebi curated the first ever large scale virtual exhibition India-International Jewellery Show (IIJS) Virtual 2020 for the GJEPC

The first ever virtual mega show- India International Jewellery Show (IIJS) Virtual 2020, organised by the Gem & Jewellery Export Promotion Council (GJEPC), apex body for the Gem & Jewellery Trade in India, sponsored by Ministry of Commerce & Industry, Government of India, wrapped up on October 16, 2020. GJEPC holds the India International Jewellery Show (IIJS) in Mumbai every year but this year due to the ongoing pandemic, they conceptualised a virtual mega show – IIJS Virtual 2020 to connect exhibitors and buyers digitally.

Envisioned and visualized by GJEPC, the show was brought to life by Digital Jalebi, a one-stop agency for all digital needs. Digital Jalebi completely realised GJEPC’s vision and curated a one-of-its kind B2B business platform for them.

IIJS Virtual, the biggest online B2B gem and jewellery trade show of this year, retained all its necessary facilities and services that exhibitors and visitors have come to expect from the physical show. The lifelike simulation and ease added to the smoothness of doing business.

Sharing his views on the association, Shailesh Sangani, Convener National Exhibitions, GJEPC said, “we couldn’t have asked for more! The Virtual platform curated by Digital Jelebi was an ideal one for our industry as it required jewellery pieces to be showcased to buyers in the best possible way and help visitors to take buying decision as they do in a physical show. The platfrom has worked very well and I thank Digital Jelebi for all the support they provided to make the show a huge success.”

Excited about the association, Mr. Nikhil Joshi, Co-founder of Digital Jalebi also said, “Working towards building real tangible value for businesses has been at the core of our offerings at Digital jalebi. The IIJS Virtual platform built to aid thousands of buyers and exhibitors is yet another milestone for Indian virtual event industry, which is working towards pandemic proof marketing capacity development.”

Digital Jalebi has been in the experiential business for eight years now, and have been doing some exceptional work in the field of virtual reality.