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UBM to Host Mumbai Jewellery & Gem Fair in January
Nov 28, 2012 2:09 AM
By UBM
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Press Release: Advanced attendee registration levels suggest that the second edition of the Mumbai Jewellery & Gem Fair (MJGF), which will take place at the Bombay Exhibition Centre on January 5 to 7, 2013, will see a record level of attendance from retailers, wholesalers and distributors.
“Building on the solid launch last year, our significant increase in marketing activity coupled with a more positive market means we expect to see significantly increased visitor levels in January,” said Kranti Nagvekar, the group director for UBM’s Indian jewelry portfolio. “UBM now has four business-to-business (B2B) jewelry shows in India which together attract over 30,000 key buyers and over 800 exhibitors from India and beyond. Our shows in Mumbai, Delhi, Chennai and Hyderabad mean that we can leverage our local relationships to bring key retailers to the show.”
Serving the heart of India’s $27.12 billion jewelry market, MJGF takes place ahead of the key marriage buying season and is perfectly timed for when the market wants to place orders. The January schedule also means the show is guaranteed to have dry and relatively cool weather.
UBM has now linked to over 500 key retail, wholesale and industry associations, which together represent the key players in the industry. MJGF will once again work in partnership with the Mumbai Wholesale Gold Jewellers Association which has a member-strength of 800 members. In addition, the Mumbai Diamond Merchants Association will partner the event for the first time and will market the event to its 15,000 members. 
Vinod Jain, the president of Mumbai Wholesale Gold Jewelers Association, stated, “It was an absolute delight to extend our support to the magnificent launch event which brought the industry, the key players and the future of this industry together. A platform of this sheer size and scale is hard to come across in India and we look forward to bringing in an even better second edition in 2013.”
UBM is investing in over 100 road shows in the major metros and tier-two cities, and the field sales team will be making thousands of retail visits across key states including Maharashtra, Gujarat, Madhya Pradesh, Andhra Pradesh and Tamil Nadu to ensure new retailers come to the event.
This year’s show will feature a special pavilion solely dedicated to machinery companies. UBM has decided to provide a platform for machinery companies in MJGF to highlight the skills and techniques essential to jewelry making. “UBM is the leading and first-of-its-kind in the industry to promote and give importance to role of machinery. This will bring the entire machinery and allied companies under one roof for manufacturers and retailers across India. Such an initiative plays a vital role in bringing technological advancement to the Indian jewelry industry,” said Ketan Jatakia of Ankitst Exim Inc., one of India’s leading machinery importer and exporter.
India has been the world’s largest manufacturing center of cut and polished diamonds for many years, contributing 60 percent of the world’s supply in terms of value, 85 percent in terms of volume. The diamond business in India is growing at 20 percent year on year. Eleven out of every 12 diamonds set in jewelry worldwide are processed in India. To leverage the diamond market in India, a live diamond search will feature at the exhibition. Visitors will be able to access an online live search for diamonds available through the exhibitors well ahead of the show to ensure successful trading and purchasing onsite.
In addition to providing a trading platform, the event will host a series of knowledge sharing sessions in conjunction with the best in the business. Panel discussions with top retailers, wholesalers and more prominent figures are scheduled to spark conversations on hot topics in the industry. Another highlight at the fair will be Swarovski Elements Gallery, which has proposed an exclusive gallery to display their trendsetters and sparkling jewelry pieces for 2013.
Authorities on the subject, laboratory and education partner, GIA, will present a series of workshops and seminars on various facets of gemstones and diamonds as well as sales techniques. E-commerce education partner, eBay, will provide training on international e-selling for the industry. Top retailers and jewelry designers will be convening to have engaging panel discussions on hot topics in the industry.
MJGF is positioned as the gateway to India and provides a platform for buyers and suppliers to meet, exchange ideas, create trends and generate business opportunities. In addition to domestic visitors, the fair is being promoted in to international audiences, which includes a delegation from China which has already confirmed its presence. Additionally, the groundwork to tap into more countries to send delegations to the Mumbai Jewellery & Gem Fair is underway.
Featuring a three day event with an expected participation of more than 250 exhibitors, the second edition of MJGF is set to raise the benchmark and increase business opportunities for the jewelry industry. For more information and to register visit www.jewelleryfair.in
About UBM India
UBM India is a part of UBM Plc which is a leading global business media company. UBM is the platform that brings the world’s buyers and sellers together at events, online, and in print, providing them with the information they need to do business successfully.
Rapaport News is not responsible for, and does not endorse, the content of any third party press release. This is not a Rapaport Press Release. It has been provided as additional information for our clients.
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Tags:
diamonds, gem, gems, gold, India, jewellery, Jewelry, MJGF, UBM, UBM India
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