Jewellers community projects 20% increase in sales this season

All India Gem and Jewellery Domestic Council expects jewellery sales on rise. Expects 20 per cent increase in sales in this season

The third edition of the India Gem and Jewellery Show (GJS) is coming to an end today. The All India Gem and Jewellery Domestic Council (GJC) and Rahul Narvekar, Speaker of the Maharashtra State Assembly, opened the show at the Bombay Exhibition Centre (Nesco) in Mumbai.

The exhibition was a showcase of the latest jewellery designs from the world’s most acclaimed jewellers, and it was promoted using the hashtag #HamaraApnaShow. The exhibition honours the art and craft of jewellery making by featuring masterpieces made with a variety of precious metals, gemstones, and other materials. During the show, the ‘GJC Connect’ industry magazine was also launched.

By participating in GJS, jewellery enthusiasts may expect an increase in sales by at least 20 per cent for that respective season. So, the objective of this event is to create an environment wherein visitors and exhibitors can make long-term participation in the GJS shows.

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Saiyam Mehra, Chairman of All India Gem and Jewellery Domestic Council and Convenor of GJS said, “Our past chairmen had seen a dream of a purely domestic show on gems and jewellery. A domestic gem and jewellery show was planned for over one-and-a-half years with efforts seen from all our staff, committee members and others directly or indirectly associated with this industry. Our first show was also the first show of Jio World Convention Centre with participation from 1300 stalls and more than 15,000 visitors.”

Rajesh Rokde, Vice Chairman, GJC said, “Changes are universal and bound to happen over a period of time. Similarly, the industry has witnessed a change with Saiyam Mehra as the youngest chairman of All India Gems and Jewellery Domestic Council. This show is being organised at a time when gold prices have jumped to a record high, and it lacks direction for the future. I can firmly say that gold’s real beauty is its price. Consumers will not get attracted towards gold if its price does not go up. So, there is no need to get demoralised. It is better to think in a positive direction and consider that its price hike is good for the industry. The jewellery industry’s future is the real gold price rise.”

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Meanwhile, GJC has tried to bring in innovations with the new version of the ‘Lucky Laxmi’ and connect with youths. The jewellery industry is also solving the unemployment problem in a big way.

GJC is planning to organise two GJS shows every year, with the first being in April and the second in September. Both events will be organised before the peak demand season. The April show will come ahead of Akshaya Tritiya and the September show before Diwali. Both shows will be the trendsetters wherein visitors and exhibitors will come and make the maximum of jewellery items displayed there. One can take advantage of the new design, new colour and the new lightweight jewellery of rose and bridal collections. Diamonds and bridal antiques are going to be the most common and seasonal phenomena.