The first-ever India Rough Gemstones show, organised by the Gem & Jewellery Export Promotion Council (GJEPC), ran from January 8 to 10 in Jaipur. The event saw miners and traders in rough gemstones from Afghanistan, Canada, Ethiopia, Hong Kong, Madagascar, Tanzania, Thailand and Zambia among the 42 international companies that exhibited.
Praveenshankar Pandya, who was GJEPC Chairman at the time of the event, expressed happiness at its success. He observed, “We will be organising such shows in the future as well to make sure that manufacturers overcome one of the biggest challenges they face — the lack of a steady supply of rough with consistent qualities and stable price ranges.”
Pandya went on to note, “India’s exports of coloured gemstones accounted for $ 420 million in fiscal 2016-17 and the major markets were Hong Kong, the US and Thailand. I believe that this sector has huge potential and can further contribute to the economy by increasing exports and generating employment.”
Commenting on the show, one of the participating exhibitors said, “The event has served to combine market research with promoting our company products and meeting prospective buyers for our products. We commend the efforts of the GJEPC in putting up this unique show. We really hope, we will make inroads to newer markets.”
Visitor response too was positive. “We are very happy to identify this new opportunity to source raw material. We have come across many new and better products at this show. Going forward, the GJEPC should make it an annual event,” said one.
The Indian coloured gemstone industry in Jaipur processes more than 300 different varieties of precious and semi-precious gemstones.
GJEPC Coloured Gemstones Panel Convener Kishandas Maheshwari said, “I am glad that the GJPEC has started this initiative. We will take in feedback from miners and manufacturers and would like to organise this show in a much bigger way in the future.”