Gem, jewellery sector viewed as thrust area for export promotion


 Gems and Jewellery sector has been contributing in a big way to the country’s foreign exchange earnings and the government has viewed this sector as a thrust area for export promotion, Minister of State for Commerce and Industry Hardeep Singh Puri said on Monday. “Therefore, the government allows 100 per cent foreign direct investment in this sector…. Today, the country exports USD 35 billion gem and jewellery annually and is one of the largest exporters in the world, catering to top markets like the US, Hong Kong, China, the Middle East, Russia, and other countries,” the minister said.

At the inaugural ceremony of 5-day e-IGJS (International Gem and Jewellery Show) organised by Gem Jewellery Export Promotion Council (GJEPC), the minister stated that the trade fair at an ideal time as demand for gems and jewellery from all of the major markets is picking up with the rollout of vaccines against COVID-19, which has already started in India.

However, the digital media is going to continue as a new way of doing business, he added.

The GJEPC chairman Colin Shah said the country is also the largest manufacturing centre for emeralds and morganite; and GJEPC has also witnessed a huge demand for Indian silver jewellery over the last few years.

“We are focused to become the world’s preferred source of fine jewellery and increase our exports from the current USD 35 billion to USD 75 billion in the next few years,” he added.

Shah further said that the industry has been able to cater to the demand of the buyers for the festive holiday season in the western countries, which has helped the sector to recover to the pre-COVID-19 levels of business in the last two months.

The jewellery park in Mumbai will further elevate India’s jewellery manufacturing standards to serve the international markets, he added.

Over 500 international buyers, including independent retail, wholesale change design houses jewellery brands from 50 countries are attending the show.

e-IGJS, which will conclude on January 22, has 74 buyers from the USA followed by 47 buying companies from the UK.

Comments

Post a Comment

Popular posts from this blog

How to clean any jewellery or bracelet.

Image
  To look after any jewellery, you need to wear, clean and store the piece properly to ensure it stays looking good as new. Pandora jewellery is just like any other, but the website details specific care, cleaning, and storage instructions. The Pandora website states your authorized Pandora retailer is happy to offer jewellery cleaning services tailored specially for your Pandora products. The Pandora site explains exactly how to clean the jewellery. It reads: “Polish your Pandora jewellery frequently with a soft polishing cloth to maintain their shine. “Buff your sterling silver pieces with the white side of the polishing cloth – it’s infused with a gentle cleaning solution that’s specifically formulated for our signature metal.” The site adds: “For plated metals, such as Pandora Rose and Pandora Shine, use the untreated pink side of the polishing cloth. “You can use the approved Pandora Care Kit to clean rings, bracelets, charms,  necklaces , pendants and  earrings . “Before using th
Read more

Meghan Markle’s crystal necklace has a hidden meaning

Image
  When Meghan Markle made a FaceTime cameo during Prince Harry’s recent appearance on “The Late Late Show with James Corden,” she did so wearing a crystal   necklace with special significance. As confirmed to Page Six Style on Tuesday, the Duchess of Sussex, 39, paired her $30 puff-sleeved Velvet Torch dress with a far pricier piece: a $1,295 trapezoid-shaped lapis lazuli pendant from The Airelume, the “ collection of wearable  talismans” by her friend Taryn Toomey’s brand, The Class. “Lapis lazuli aids in self-expression and revelation of one’s inner truth,” the product description reads. “This stone is widely regarded as a token of sincerity and wisdom – and is especially helpful to anyone in need of a boost in self-confidence and a stronger connection to their inner voice.” Markle’s brief appearance on “The Late Late Show” came just days before the Sussexes’ explosive interview with Oprah Winfrey, during which the Duchess said she felt “liberated” to finally be able to speak for her
Read more

Web traffic for your Jewellery or any website using Social media Marketing.

Image
  Paid advertising seems to be the most obvious choice when you want more Social media Marketing or web traffic, but it is not the only way. You can certainly attract and lead visitors to your website through ads, but they don’t guarantee an increase in conversions. Not to mention, not all businesses have the budget to pay for digital ads. Fortunately, there are  plenty of sustainable ways to drive traffic without putting a hole in your pocket. It takes a lot more effort, but in the overwhelmingly busy and crowded virtual space where competition among businesses is fierce, you need to do whatever you can to rise above all the noise. More than 3.5 billion people worldwide use social media platforms to connect with peers, discuss interests, and keep up with the latest news and trends. It’s safe to say that rampant social media use has shaped our view and experience of the world.  Businesses have adopted this knowledge to engage their target audience and drive traffic to their website. Es
Read more