India Pavilion At JCK Las Vegas Marks Its 15th Year
Indian gem and jewellery exporters participated under the Gem & Jewellery Export Promotion Council’s India Pavilion at JCK Las Vegas for the 15th consecutive year. Every year top gem and jewellery manufacturers from India come up with new, exquisite jewellery collections made for the US market. The India Pavilion comprised 63 booths, strategically positioned at the Diamond Plaza and the Passport Location. Pramod Agrawal, chairman, GJEPC, said, “USA has been an important market for the Indian gem and jewellery industry. India’s exports to USA accounted for a staggering $8.91 billion during 2017. In fact, around 16% of the gem and jewellery requirement by USA is imported from India. JCK Las Vegas is a significant platform for India to further strengthen its network and improve its exports to the USA. It is also an opportunity for Indian exporters to understand the trends in the market which helps them to come back every year with a wide variety of products for the buyers here. With top manufacturers participating at the India Pavilion, I am sure buyers will get to see products of the highest quality including loose diamonds, loose coloured gemstones, plain gold jewellery as well as diamond and coloured stone studded jewellery.” India today is undeniably the centre of the gem and jewellery trade with total exports of $42 billion recorded for the period January-December 2017. Out of the total exports, cut and polished diamond exports accounted for $23,096.45 million, gold jewellery $8,683.42 million, and coloured gemstones recorded exports worth $421.74 million. Keeping in mind the strategic interests of Indian gem and jewellery products in the US, last year the GJEPC also organised the 7th edition of India Diamond Week in association with New York’s Diamond Dealers Club (DDC). The main purpose of the four-day event was to create an annual trading platform for Indian diamantaires in the US to fortify their business relationships with leading American diamond traders.