The International Gem & Jewellery Show (IGJS) 2022, held from May 10 to 12 in Jaipur, India, concluded positively on the back of strong market demand, revealed the Gem & Jewellery Export Promotion Council (GJEPC).

Hosted by GJEPC and Gemfields, the three-day show featured more than 200 exhibitors who showcased their latest gemstone and jewellery collections to 650 international buyers from 48 countries.

The event, aimed primarily at further boosting India’s gem and jewellery exports, featured an expansive range of products, including coloured gemstones and loose diamonds as well as plain gold, diamond- and gemstone-studded, and silver jewellery.

GJEPC Chairman Colin Shah said the country could reach US$5 billion in jewellery exports this year due to sustained promotional efforts and free trade agreements that India signed with the United Arab Emirates and Australia. 

The recently concluded IGJS will also bolster India’s US$75-billion export target over the next few years, added the GJEPC official. 

India plays a prominent role in the global gem and jewellery trade, with annual exports reaching nearly US$40 billion. Its major export markets are the US, which accounts for 37 per cent of total exports; Hong Kong (24 per cent), UAE (14.5 per cent), Belgium (5 per cent) and Israel (4 per cent).

GJEPC International National Exhibitions Convenor Dilip Shah cited “tremendous” post-pandemic demand for gemstones and jewellery from international buyers at IGJS Jaipur. The positive feedback bodes well for the planned New York and Dubai editions of IGJS later this year, added Dilip. 

Buyer Mohammed Tamjid Abdullah, CEO of UAE-based Jawahara Jewellery, highlighted the fair’s international scale while exhibitor Abhishek Sand of Savio Jewellery said he found new customers and entertained buyers from Iran, South Africa, Brazil and Australia.