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Exhibitors Experience Steady Inquiries, Improved Traffic at JJS 2012
Dec 25, 2012 4:42 AM
By Dilipp S Nag
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RAPAPORT... Visitor traffic improved over the weekend at the tenth edition of the Jaipur Jewellery Show (JJS) in India, with exhibitors reporting good inquiries from customers. They noted that jewelry demand was relatively better than diamond demand during the four-day event, which runs until December 25, 2012.
Organizers expected more than 30,000 visitors to participate in this business-to-business and business-to-consumer jewelry show from India and overseas. More than 290 exhibitors participated in the event.
Exhibitors noted that they made new contacts at the show but it will take some time before related orders are placed. They added that there was good demand for kundan, meenakari and polki jewelry from consumers.
Sean Gilbertson, the executive director of Gemfields Plc, was the chief guest of JJS 2012. He said that Gemfields will bring ruby mined in Mozambique to the Jaipur market in June 2013.
Rajiv Jain, the secretary of the JJS organizing committee, stated that JJS is growing, which is reflected by the desire of people from the industry who are vying with each other for participation. He added that revenue from the show is used to promote emeralds and other gemstones.
This year, the organizers promoted "Diamond Jewellery....Jaipur adds color to it." JJS is also known as the December show and is considered the second-largest jewelry show in India, according to show organizers.
Pankaj Parekh, the vice chairman of the Gem & Jewellery Export Promotion Council (GJEPC) said that the colored gemstones industry stood at $3.44 billion in fiscal year 2012, a growth of 10 percent over the previous year. “The industry has been growing steadily in the last five years, and initiatives such as the Mines to Market held in Jaipur last year, has gone further in bringing the international market to Jaipur” he added.
Parekh stated that GJEPC will provide a $8.2 million (INR 450 million) grant for setting up a gem bourse in Jaipur and it is also holding talks with the government on reducing the duty on import of rough colored gemstones. The council also intends to start a buyer-seller meet between Jaipur and Moscow and is making plans for gemstone trade with Afghanistan.
Jayant Mishra, the development commissioner of Special Economic Zone (SEZ) at Noida, invited entrepreneurs to use the facilities at Sitapura SEZ which still has 40 blocks to be allotted. Out of the $581.2 million (INR 32 billion) exports from Jaipur, the Sitapura SEZ contributes about $181.6 million (INR 10 billion), he noted.
Jaipur is known for its heritage jewels and gemstones and is also popularly called the Pink City of India.
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Tags:
diamond, diamond jewelry, Dilipp S Nag, Gemfield, India, jaipur, Jaipur Jewellery Show, jewellery, Jewelry, JJS
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