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GJC estimates 10,000 retailers will visit 5th edition of its flagship show GJS over four days in Mumbai

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GJC estimates 10,000 retailers will visit 5th edition of its flagship show GJS over four days in Mumbai

According to the trade body, jewellery sales of approximately 20 tonnes is expected during the exhibition, that goes on up to April 5 

Mumbai: The All India Gem and Jewellery Domestic Council (GJC) inaugurated its flagship event, the India Gem and Jewellery Show (GJS) April show at the Jio World Convention Centre in Mumbai to bring jewellery wholesalers and retailers together ahead of the festive season. Dubbed #HumaraApnaShow, the four-day event began on April 2 in the presence of industry leaders. It will continue up to April 5. 

The event was inaugurated by the Chief Guest, Mangal Prabhat Lodha, Minister of Skills, Employment, Entrepreneurship and Innovation, Government of Maharashtra, along with Guest of Honour Rajesh Kalyanaraman, Executive Director, Kalyan Jewellers, Sunil Nayak, CEO, Reliance Jewels, who were also keynote speakers. Rajiv Jain, Secretary, Jaipur Jewellery Show was also part of the inauguration ceremony.

There are 600+ stalls and 350+ exhibitors displaying their innovative products at GJS. GJC has organized 2000+ rooms for buyers to stay. Over 200 international buyers have been registered for the GJS April 2024 show, attending from Dubai, Bahrain, Qatar, Bangladesh, the United States, the United Kingdom and Thailand, among others. The show is timed strategically before Gudi Padwa and Akshaya Tritiya, creating an ideal opportunity for retailers to explore and immerse themselves in trend-setting designs. Additionally, all precautions have been taken for the smooth movement of goods during the Achar Sanhita (model code of conduct) period before the elections, ensuring smooth operations and compliance with regulatory requirements. 

Addressing the gathering, Minister Mangal Prabhat Lodha said, “This expo has energized the entire Indian jewellery industry. Our Prime Minister has given a business-friendly atmosphere to boost our sales and grow exponentially. This is an opportune time for business growth as this is India’s decade. Leading global businessmen are looking at India as a potential growth market, which may boost our jewellery industry size in the coming years. We see the jewellery industry transitioning to a more organized sector in future.”

Rajesh Kalyanaraman, Executive Director, Kalyan Jewellers stated, “We have seen multiple challenges in gold rates as some States have cut gold rates. I don’t know if under-cutting gold rates is legally possible. However, we need to stress on a transparent jewellery business to grow together. Our customers need to feel the transparency.”

Sunil Nayak, Chief Executive Officer, Reliance Jewels said, “GJS has now evolved into India’s premier show. It provides a conducive atmosphere to all of us, including exhibitors and retailers, for making some good deals, getting updated about recent development in the markets, and taking them to our customers. As a retailer, we learn many things from such platforms and earn benefits for our customers.”

Saiyam Mehra, Chairman of GJC and Convenor, GJS April 2024 Show, said, “Our team has made a great effort over the past four GJS events to motivate the 5-6 million kaarigars of our industry to move to the next level, to introduce innovations in jewellery design and manufacturing across micro, small and medium enterprises (MSMEs). We have organized more than 165+ Labham events to guide jewellers about regulatory compliance. The industry has about 3,00,000 jewellers, with 75,000 retailers directly associated with GJC. We conducted road-shows across 150 cities. We expect over 10,000 retailers to visit this grand show and transact approximately 20 tonnes of business comprising gold, silver, diamond, precious stones, machinery, etc., in the next four days.”

Rajesh Rokde, Vice Chairman, GJC, said, “GJC has grown to become an apex body in India. We organize programmes like Labham and Manthan, in addition to conferences, for all-round growth of the entire jewellery industry. India is currently undergoing its ‘Amrit Kaal’ defined as the ‘Golden Era’ for the jewellery industry.”

GJC is also organizing a gala evening, the GJC Nite, on April 3, 2024, at Hotel Sahara Star. Presented by IDT Gemological Laboratories Worldwide, GJC Nite will honour jewellers and hold a fashion show featuring leading Indian models and celebrities showcasing some of India’s finest creations by leading jewellers. 

Retail Jeweller India News

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