Showcasing growth, new opportunities for G&J industry
The 10th edition of the four-day IIJS Signature 2017 show that concluded at Mumbai’s Bombay Exhibition Centre earlier this month witnessed a stellar response from the gem and jewellery industry and signalled the commencement of the buying season with full vigour.
The annual event, a precursor to the much larger IIJS Show to be held later this year hosts over 500 exhibitors and approximately 1,000-plus stalls from across industry segments, attracting an estimated 15,000 trade visitors and buyer delegations from across India and countries like UK, Iran, Russia, Uzbekistan, Turkey, Lebanon, China, Hong Kong, UAE, Saudi Arabia, Oman and Sri Lanka among others.
This year’s edition was no exception with a large volume of exhibitors and visitors thronging the event, which included the 4th edition of the India Gem & Jewellery Machine Expo (IGJME) at the same venue.
GemAtlas spoke to a few of the exhibitors who participated in the event regarding the response to this year’s edition and a majority expressed their happiness with the flow of new business inquiries and new contacts they had established over the course of the show.
Sharing his views, Probir Chatterjee, director, Mirrar Jewels Pvt Ltd admitted that the response had exceeded his expectations. “In light of the recent demonetisation, I wasn’t expecting much, but we have seen quite a few serious buyers here. Yes, footfalls are a little low compared to earlier editions but it’s a good platform for the industry.”
“Considering the current market scenario, the response has been decent although some of the bigger players are missing,” felt Sanjay Shah, managing director, Gold Star Diamond Pvt. Ltd. “Compared to last year’s edition, the walk-ins are noticeably less, but things are picking up.”
Putting things in perspective, Mahesh Bhatiya, director – production, Jewel Goldi gave a thumbs-up to the event. “We have been participating in this show and the larger one scheduled for later for a long time. It’s a great platform for the industry. With regard to the current edition, the response has been good and we have been getting a focussed audience at our booth.”
Speaking earlier at the inaugural function on Day One, Pravinshankar Pandya, chairman, GJPEC said that the significance of the event has improved considerably as the industry has geared up to grow exports after the recent challenges.
“The gem & jewellery sector is confident of achieving double digit growth this year in exports,” he reiterated, adding, “This year, in sync with the government programmes such as ‘Digital India’, GJEPC has unveiled its own mobile app to help members as we move towards transforming into a cashless, paperless institution.”
Lauding the GJPEC for its efforts in promoting the cause of the gem and jewellery industry, Manoj Dwivedi, joint secretary, Union Ministry of Commerce felt that the two events Signature IIJS & IGJME – have helped in reinventing the business wheel with new designs, themes and innovations.
“The rapid expansion and growing popularity of the Signature and IIJS events year on year indicates that this is the right time for GJEPC to create its own one-stop exhibition & convention centre and the government will be happy to extend its full support,” he revealed.
The other highlights of this year’s show was the organisation of the Signature Club – which showcased the most exquisite couture jewellery by leading manufacturers and an exclusive ‘By Invitation Only’ networking evening that was organised to enable exhibitors and buyers to network extensively and explore business opportunities.
|- By GemAtlas Team|