GJEPC holds virtual buyer seller meet for international gem industry
Following its recent online emerald fair, the Gem and Jewellery Export Promotion Council launched a virtual buyer seller meet for all other gemstones, featuring ten Indian businesses and 28 international buyers.
On November 9, the GJEPC launched its fourth virtual buyer seller meet following previous meets for diamonds, gold jewellery, and emeralds, the traders’ body announced on its website. The GJEPC described its previous virtual fairs as “hugely successful” on its website.
Exhibiting Indian businesses were Lunawat Gems Corporation, Mka's Rubylite, Gem India Exports, Kala Gems & Co., Natural Sparkling Diamonds, Kinu Baba Gems (India) Pvt. Ltd., Rajendra S Gems World, Rahul Exports, and Ritu Gems. The 28 international buyers hail from the U.S., China, UK, Spain, Switzerland, and several South American countries.
“The Coloured Gemstones VBSM is the fourth one in a series of VBSM that GJEPC has organised during this pandemic,” said GJEPC chairman Colin Shah, the GJEPC reported.
“With every show, we are improving, based on the learnings from the previous show. The virtual business experience is also facilitating actual transactions and are proving to be a success . VBSMs are fast, cost-effective and highly productive. VBSMs will be the future of business particularly jewellery even when the world gets back to normal.”
“India is a major cutting and polishing centre for all coloured gemstones in fancy shapes and beads,” said GJEPC convenor for coloured gemstones and pearls, Vijay Kedia.
“We have highly skilled labour along with semi-automatic machines for polishing gemstones. With the coming of the Gem Bourse in Jaipur, the coloured gemstone industry will have a better hold in the international market.”
The virtual meet aims to spark demand ahead of the winter festive season. The GJEPC will hold its next virtual buyer seller meet for silver jewellery from November 17 to 19, followed by a meet for diamond jewellery from November 25 to 28.
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