A Mega B2B gem and jewellery extravaganza by MJDMA and UBM India that shines a spotlight on key trends, and industry insights
The Indian gems and jewellery industry is expected to grow at a compound annual growth rate of 16% over the period 2014-19, according to industry reports. The sector is also witnessing changes in consumer preferences due to global influences. Consumers are seeking new, bespoke designs and the organised jewellers are able to fulfil their expectations better than local unorganised players. With India being the world’s second largest gold consumer with an annual demand of nearly 1,000 tonnes, the southern region continues to be the leading consumer of gold within the country and has been witnessing increase in interest from organised jewellery chains for expansion. Furthermore, after implementation of the Goods and Services Tax (GST) Bill which is a progressive step that will make the industry more structured and transparent, the organised jewellery retailers have seen their market share going up. GJIIE has been an instrumental platform in encouraging the leading and emerging players of the gems and jewellery industry to reach out to a huge number of domestic as well as international visitors with their premium collections. The expo will showcase heritage jewellery that includes Temple Nakshi Jewellery , Stone Studded Jewellery, and Bridal Jewellery such as Manga Malai, Kasu Mala and Pachhi Designs, modified by contemporary touches”.
Yogesh Mudras, Managing Director, UBM India
Madras Jewellers and Diamond Merchants Association (MJDMA) and UBM India are set to bring back the sheen in the gems and jewellery sector with the mega B2B show- the Gem & Jewellery India International Exhibition ( GJIIE ) at the Chennai Trade Centre from March 10th – 12th, 2017. The 13th edition of GJIIE comes at just the right time to provide an impetus, and elevate trade for the jewellery industry which had a relatively modest outing last year, globally and in India.
The three-day expo which is represented by over 350 exhibitors and participants include retailers, artisans, wholesalers and over 50 machinery manufacturers who will showcase the latest trends in this glittering domain. The GJIIE continues to attract well-reputed local and overseas buyers, reinforcing the expo’s position as a proven and trusted sourcing hub for the industry. The upcoming show will see jewellery wholesalers, retailers, importers and exporters, jewellery manufacturers, diamond, gemstone, pearl suppliers and traders, precious metal and jewellery mounting traders and suppliers, and representative from trade and governmental organisations, to come under one roof to meet, connect, network and grow their business. In addition to Tier I, II and III tier cities in India, the exhibition will have delegate representation from Dubai, Singapore and Malaysia, thus substantiating the international reach and presence of GJIIE 2017.
This year the expo will witness participation by leading players from Hyderabad, Bangalore, Chennai, Coimbatore, Kolkata, Mumbai, Jaipur, Delhi, Ahmedabad, Surat and others. Some of the exhibitor names include Mohanlal Jewellers Pvt. Ltd, Laxmi Jewellery Chennai Pvt. Ltd, Jai Gulab Dev Jewellers, J , C JEWELLERS (CHENNAI) PVT LTD, Mukti gold, Krizz, Emerald Jewel Industry India Ltd, Unique Chain Pvt Ltd, White Fire Diamonds India Pvt Ltd, Prakash Gold Palace Pvt Ltd, Vijay Gems & Jewellery, Grurukrupa Exports, Peeyar Manufacturers, Gitanjali Jewellery Retail Limited, Swarnshilp Chains & Jewellers Pvt Ltd, Chain N Chains, ORO, JKS Jewels, Anmol Swarn, Matushree Gold and Mehta Gold amongst others.
The key highlights of the expo include technical seminars by MSME & SBI, Bank Loans, BIS, DIC and GST seminars and panel discussions on industry related issues by thought leaders. The expo will also feature an ‘Innovative Zone’ — a special gallery that will be featuring at the expo for the first time showcasing unique designs. The ‘Hall of Fame’, a display of miniatures made from precious metals and gem stones, will also be another interesting highlight of the gallery.
The GJIIE is well-known to promote intelligence-sharing about the industry, market and trends. Millennials in general are moving from stereotypes to classy, affordable bespoke pieces. Accordingly, the trend of remodelling heirloom jewellery into customised pieces are in demand; The new global order in this sector is all about superior customer experience, ease of use, craftsmanship and cultural rootedness, with an eye on international trends. In gold, Gold Karat-White and Gold Karat-Rose appear to have an edge over Gold Karat-Yellow, while in the gemstones category, unsurprisingly, diamonds continue to be in demand, followed by pearls and rubies,
UBM has been an integral part of the jewellery industry for nearly three decades, organizing similar renowned jewellery fairs worldwide. GJIIE is one of the four-city jewellery shows (Kolkata, Chennai, Hyderabad and Delhi) hosted throughout the year by UBM India. Spread across four halls, the expo will feature category-wise pavilions such as Elite pavilion, Gold pavilion, Silver & Gemstone pavilion and will also have a Machinery & Allied section.