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India Expands its Presence at the Hong Kong Show

Feb 15, 2012 5:28 AM   By GJEPC
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Press Release: The Gem & Jewellery Export Promotion Council (GJEPC) will present India's leading 90 manufactures of gems and jewelry at the Hong Kong Jewellery Show scheduled from February 16-20 at Hong Kong Exhibition & Convention Centre.

The Hong Kong Jewellery show is one of the finest in the industry that caters to the key markets of Asia. GJEPC has hosted the Indian contingent in Hong Kong fairs for nearly 8 years and has been expanding ever since. The participation has increased manifolds since inception and this February, the India Pavilion grows bigger with additional location at meeting room N 201 where prominent Indian loose diamond companies will display their exclusive range. The other locations of India Pavilion are Hall 3E (loose diamonds), Hall 5BC and Expo Drive Hall (finished jewelry) and Hall 5E (gemstones).

“India’s association with Hong Kong dates back to several years. The show provided India’s skilled diamond- and gemstone cutters as well as its high-quality jewelry makers with a platform that bring their product to the global marketplace. It also enables the world’s biggest wholesalers and retailers to source quality product of the widest variety from a single platform. Indian Diamond polishing factories are at par with other world centers which use cutting edge technologies,” said Rajiv Jain GJEPC’s chairman.

“The Hong Kong Jewellery Show has always been a great platform and once again we hope to see fruitful results for our participants. China and India - the two eastern giants are now a formidable force to reckon with. GJEPC looks at unfolding of the future and witness the two giants take the centre stage in gems and jewelry globally,” Jain added.

India today is undeniably the centre of gem and jewelry trade, with total exports recorded at $ 46 billion during 2011. A staggering $10.65 billion worth of export were to Hong Kong, the third largest export destination for India. The gem and jewelry sector accounts for 16.7 percent of India’s total merchandize export. Most recently, it is in the jewelry sector that India has made a brilliant impact, emerging as the fastest growing jewelry exporter in the world, averaging a growth of nearly 15 percent to 20 percent each year over the last decade. India today, is poised to take over the world, with its vigor, vibrancy and dynamism.

About GJEPC

The Gem & Jewellery Export Promotion Council is an all-India apex body for gem and jewelry, representing 5,500 members. Set up in 1966, it operates under the supervision of the Ministry of Commerce & Industry, Government of India.

Rapaport News is not responsible for, and does not endorse, the content of any press release. Press releases are not written by us and are provided only as additional information for our clients.
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Tags: diamond, GJEPC, Hong Kong show, India, Jewelry, Rajiv Jain, Rapaport
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