|
|
India, Russia to Hold Jewelry Summit in Mumbai
Oct 23, 2012 6:04 AM
By Dilipp S Nag
|
|
|
RAPAPORT... The second edition of the Indo–Russian Jewellery Summit will begin on October 29, 2012 in Mumbai with a goal to boost trade ties between Indian jewelry manufacturers and their Russian counterparts.
The networking meeting is jointly organized by India's Gem & Jewellery Export Promotion Council (GJEPC) and the Moscow Diamond Bourse. The summit will be represented by 12 key players comprised of wholesalers and retailers from Russia, who collectively have more than 5,000 outlets across Russia and CIS countries, and 15 members from India’s gems and jewelry industry.
“The successful Indo-Russian Jewellery Summit held last year as well as the Diamond Summit held earlier this year have had a favorable impact on India’s trade relations with Russia,” said Vipul Shah, GJEPC’s chairman. “We hope that this summit will help the representatives of the Indian and Russian companies in getting a better understanding of each other’s markets and forge relations.''
India's gems and jewelry exports grew to $46.36 billion in 2011, up about 83 percent in 2009. Exports to Russia increased to $8.2 million during the period from $3.13 million in 2009, while imports from Russia stood at $639.5 million in 2011 from $125.72 million in 2009. This was driven by a market recovery following the Great Recession coupled with various measures taken by India's government and the council, GJEPC stated.
“These meets have widened the sourcing opportunities for the Russians since the first edition of the jewelry summit held last year,” said Alex Popov, the president of the Moscow Diamond Bourse. “This year too we hope to forge business links which will convert to see a rise in the business transacted between participating members of the two countries.”
The program includes round table discussions and presentations from industry leaders, business meetings, networking events and factory visits.
Indian companies participating in the summit include Gitanjali Gems Ltd., Goldiam International Ltd., Asian Star Jewels, K.P. Sanghvi International, Goldstar Jewellery, Core Jewellery, H.K. Designs, Inter Gold, KBS Designs, Shrenuj, Uni-Design Jewellery, Patdiam Jewellery, Intergold Jewellery and Indi Gold Jewellery.
|
|
|
|
|
|
|
|
|
|
Tags:
Dilipp S Nag, gems, GJEPC, India, Indo-Russian Jewellery Summit, jewellery, Jewelry, Moscow Diamond Bourse, mumbai, Russia
|
|
|
|
|
|
|
|
|
|
|
|
|