GJEPC Hosts In­au­gu­ral In­dia Sil­ver Jewellery Buy­erSeller Meet In New Delhi

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The Gem & Jewellery Ex­port Pro­mo­tion Coun­cil (GJEPC) or­gan­ised the first edi­tion of the In­dia Sil­ver Jewellery Buyer-Seller Meet (BSM) be­tween Oc­to­ber 3rd and 5th, in New Delhi. It was in­au­gu­rated by Senthil Nathan, deputy sec­re­tary, de­part­ment of com­merce, Gov­ern­ment of In­dia, at Ho­tel Radis­son Blu, Dwarka.

In the first edi­tion it­self, the BSM wit­nessed an en­cour­ag­ing re­sponse with 27 lead­ing In­dian sil­ver jewellery man­u­fac­tur­ers dis­play­ing a wide range of ex­quis­ite jewellery prod­ucts to 49 high-pro­file in­ter­na­tional buy­ers from 16 coun­tries.

The buy­ers con­sisted of sil­ver jewellery whole­salers, re­tail­ers, traders and chain store own­ers from coun­tries such as Al­ge­ria, Aus­tralia, Egypt, Ire­land, Jordan, UAE, UK, Uzbek­istan, Kaza­khstan, Kenya, Le­banon, Oman, Rus­sia, Sin­ga­pore, Sri Lanka and Tan­za­nia.

Pramod Agrawal, chair­man, GJEPC, said, “There is a grow­ing de­mand for sil­ver jewellery or al­ter­na­tive me­tal glob­ally. In­dia can cap­i­talise on this as it has the ca­pa­bil­ity and skills to pro­duce qual­ity sil­ver jewellery match­ing in­ter­na­tional stan­dards. The fo­cus of the sec­tor is to garner for­eign ex­change and in­crease value ad­di­tion, thereby gen­er­at­ing em­ploy­ment in the sec­tor.

“Sil­ver jewellery from In­dia needs ad­e­quate ex­po­sure in the world mar­ket and thus steps like fo­cused BSMs will help grow de­mand for it. We would also like to or­gan­ise such BSMs in over­seas mar­kets by invit­ing po­ten­tial buy­ers, thus giv­ing max­i­mum ex­po­sure to In­dian sil­ver jewellery man­u­fac­tur­ers across the world. We are hope­ful that the gov­ern­ment would sup­port this sec­tor with trade-friendly poli­cies and help it to play a big­ger role glob­ally.”

Agrawal fur­ther noted, “Over the years, de­mand for ‘Made in In­dia’ sil­ver jewellery has in­creased world­wide. In­dia has been of­fer­ing a va­ri­ety of de­signs, which are af­ford­able and light­weight. In­dia has added more value through the bold use of di­a­monds and coloured gem­stones.” Sil­ver jewellery ex­ports from In­dia stood at $3.38 bil­lion in 2017, plac­ing it among the top five lead­ing sil­ver jewellery ex­port­ing na­tions in the world.

“The sil­ver jewellery BSM will pro­vide a new op­por­tu­nity for de­ci­sion mak­ers to meet with par­tic­i­pat­ing man­u­fac­tur­ers for sourc­ing sil­ver jewellery, un­der­stand the sup­ply chain, busi­ness prac­tices and cul­ture, iden­tify and de­velop new sourc­ing op­por­tu­ni­ties and sub­stan­tially in­crease di­rect ex­ports of sil­ver jewellery to the tar­geted re­gions,” said Dilip Shah, con­vener, in­ter­na­tional ex­hi­bi­tions, GJEPC.

Lina Abouhalka, a buyer from Beirut, Le­banon, said, “It is a fan­tas­tic ini­tia­tive from GJEPC, show­cas­ing the true strengths of jewellery crafts­man­ship in In­dia. The buyer and seller meet is very promis­ing, which gives an op­por­tu­nity to ex­plore fine sil­ver jewellery col­lec­tions.”

(From left) Senthil Nathan, Dilip Shah, Pramod Agrawal and GJEPC re­gional chair­man – north Ashok Seth ad­mir­ing some of the jewellery on dis­play.

(From left) GJEPC con­vener – sil­ver jewellery panel Ram­babu Gupta, Pramod Agrawal, Senthil Nathan and Dilip Shah at the open­ing cer­e­mony.

The event at­tracted 49 high-pro­file in­ter­na­tional buy­ers from 16 coun­tries.

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