India’s exports of gems and jewellery beat expectations by rising 9.85% to $43.1 billion in the financial year 2016-2017 mainly due to a resurgence of demand in key markets like the US, Hong Kong and UAE.
Announcing the results at a press conference in Mumbai on April 27th, Gem & Jewellery Export Promotion Council (GJEPC) executive director Sabyasachi Ray said the Indian industry had maintained its leadership position in a year of great disruption, which included developments such as demonetisation, Brexit and Trump’s victory among others.
Outlining the apex body’s goals for the next five years, GJEPC chairman Praveenshankar Pandya noted that it was essential for India to become a leading supplier of gold jewellery as well as the preferred destination for cutting and polishing higher value diamonds.
Pandya stated, “Prime Minister Narendra Modi, in his special live video message, congratulated GJEPC on our 50th Anniversary, and expressed his desire to make India the world’s largest diamond trading hub and a global jewellery hub. Having crossed the $40 billion mark in exports in fiscal year 2017, we are now devising a strategy for Vision 2022, to enable India attain a global leadership position in gems and jewellery in its 75th year of independence.
“The strategic focus will be on exports, training and education, employment generation, value addition, and sustained marketing. GJEPC has expanded horizontally to encompass various aspects such as trade financing, training and infrastructure creation. We are in the process of creating a Jewellery Park in Maharashtra and 10 Common Facility Centres across India.
Denne historien er fra May 2017-utgaven av Solitaire International.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra May 2017-utgaven av Solitaire International.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Banking Seminar Gives Trade Reality Check
The banking and finance seminar that took place in Mumbai alongside Signature IIJS discussed the financing challenges in securing credit facing the global trade and possible solutions. A report by Sanjiv Arole.
GJSCI Reveals Winners Of Hupari-inspired Revive Design Contest
The Gem & Jewellery Skill Council of India (GJSCI) recently organised an inter-institute design competition, Revive Design Contest, offering an opportunity for budding jewellery designers to showcase their talent while embracing ancient techniques. Those who made it through the preliminary rounds were taken to the town of Hupari near Kolhapur in Maharashtra, famous for making silver jewellery ornaments.
US Gold Jewellery – An Evolving Industry
The US gold jewellery industry is both sizeable and globally significant. But it faces a range of challenges. MARK HANNA, chief marketing officer at Berkshire Hathaway company Richline Group, the leading jewellery manufacturer in the US, believes the industry can flourish, if it adopts certain key initiatives.
Urgent Need To Upgrade Hupari Silversmiths
Hupari, a small town nestled in the Kolhapur district of Maharashtra, India, is home to nearly 25,000 silver artisans. Jewellery blogger and designer PRERNAA MAKHARIAA narrates her experience of a recent excursion to Hupari as part of the Women’s Jewellery Association (WJA) India.
gjepc conducts 50th agm in mumbai
decides to form trade disciplinary committee.
De Beers Diamond Jewellers Revamps Harrods Store
De Beers is proud to continue its legacy as the ‘Home Of Diamonds Since 1888’ with a refined new store in the Fine Jewellery Room at Harrods.
JJS Gears Up For December Show
The Jaipur Jewellery Show (JJS), the country’s largest combined business-to-business (B2B) and business-to consumer (B2C) jewellery show, will be held from December 22nd to 25th at the Jaipur Exhibition and Convention Centre (JECC) in Sitapura.
HK's 4,455+ Employees Take Part On International Yoga Day
Hari Krishna Group organised a yoga programme on 21st June 2017, International Yoga Day in its factory premises in Surat, and sales offices at BKC and SEEPZ, Mumbai.
GJEPC To Set Up IIGJ Centre In Udupi
The Gem & Jewellery Export Promotion Council (GJEPC) laid the foundation stone for a premier gem and jewellery training institute in Udupi, Karnataka, on June 16th.
US Diamond Jewellery Demand Reaches $41 Bn
Total diamond jewellery demand from US consumers increased 4.4% in 2016 to exceed $40 billion for the first time, according to industry insight data published by De Beers.
