GJEPC Hosts Inaugural India Silver Jewellery BuyerSeller Meet In New Delhi
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.