GJEPC's virtual buyer seller meet for silver, fashion jewellery launches with 34 international buyers

By

Isabelle Crossley

Published
Nov 18, 2020

The Gem and Jewellery Export Promotion Council inaugurated its Virtual Buyer-Seller Meet for Silver and Fashion and Costume Jewellery on November 17 with buyers from countries including the U.S., Mexico, and Russia.

Following a number of online networking events for product categories including emeralds, gems, and gold, the GJEPC launched a three-day event dedicated to the silver and fashion jewellery segments on Tuesday, it announced on its website. The buyer-seller meet is designed to boost Indian exports in the sector. 
 
A total of 34 international buyers from geographies including Canada, South America, Spain, Italy, and Ireland have organised meetings with Indian jewellery manufactures during the event.

“The virtual buyer-seller platforms are a new territory to explore ways to conduct business in the months ahead,” said Ministry of Commerce and Industry joint secretary, Suresh Kumar, at the event’s online launch, the GJEPC reported. 

“Silver jewellery is a sector where, in spite of the pandemic, the recovery has been fast. Indian silver (plain and studded silver jewellery) exports from April to September 2020 stood at $864 million, which is almost 50% of last year.”
 
“Silver is comparatively cheaper so consumers are inclined to buy more, and it is the best performing commodity,” said Kumar. “However, the costume and fashion jewellery segment requires more attention as currently India’s share is just 2-3% of the $7 billion world market. I am sure GJEPC will take initiatives to further the growth of this potential segment.”
 
The ten Indian exhibitors participating in the Silver and Fashion Jewellery VBSM are Casa De Plata, Jaipur; Nidhi Gold, Mumbai; Karma Enterprises, Ahmedabad; Anirudh Jewels, Jaipur; RGN Global Enterprises, Jaipur; Pinkcity Jewelhouse Pvt. Ltd., Jaipur; Silver Mountain, Jaipur; Shriarihant Mangal Expo Impo Pvt. Ltd., Jaipur; M/s Bhagwati Jewellers BB Zaveri, Delhi; and DWS Jewellery Pvt. Ltd., Jaipur.