GJEPC's IRGSS concludes in Jaipur with 95% of rough gemstones sold
The second edition of the India Rough Gemstones Sourcing Show, organised by the Gem and Jewellery Export Promotion Council, concluded in Jaipur on April 19 with 95% of goods on offer sold.
“Jaipur is the global hub for cutting and polishing of coloured gemstones,” said GJEPC chairman Colin Shah, the GJEPC reported on its website. “It processes more than 300 different varieties of precious and semi-precious gemstones, which includes emerald, tanzanite, and morganite, among several others. However, being an import-oriented industry, availability of good quality rough gemstones is a prerequisite for the sector.
“By organising India Rough Gemstones Sourcing Show, GJEPC is making sure that the export activities resume in full throttle as manufacturing activities are back to normal and there is ease in Covid crisis,” said Shah.
“The aim is to give direct access of rough gemstones to manufacturers without having to travel to different mining countries for sourcing roughs.”
The IRGSS ran from April 13 to 19 and featured rough rubies and emeralds offered by two participating mining companies from Mozambique and Zambia. Out of the 82 ruby lots on offer, 77 lots were purchased by buyers and out of the 37 lots of emeralds, 36 lots were purchased. The show featured gemstones worth a total of $27.38 million (Rs 206 crore).
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