India International Jewellery show premiered in Dubai

Dubai: The Gem & Jewellery Export Promotion Council (GJEPC) along with the embassy of India in UAE organized the first-ever IJEX BSM in conjunction with IIJS Premiere 2022 roadshow in Dubai. The event saw leading retailers from UAE connecting with top gem & jewellery manufacturers from India. The event was graced by His Excellency Sunjay Sudhir, Ambassador of India to UAE; Colin Shah, Chairman, GJEPC; Omar Khan, Director International Offices, Dubai Chambers, Shailesh Sangani, Convener, National Exhibitions, GJEPC; Sabyasachi Ray, ED, GJEPC.

H.E. Sunjay Sudhir, Ambassador of India to UAE, said, “Bilateral trade between India and UAE is doing well. Last year it accounted for US$73 billion (AED268b) and our goal is to achieve US$100 billion (AED365b) in the next few years, but I am very confident that after the implementation of CEPA and the way things are going, we would achieve this target well before time.”  

Colin Shah, Chairman, GJEPC said, “The overwhelmingly positive feedback received from exhibitors at the first ever IJEX Buyer-Seller Meet bodes well for the continuing success of this latest initiative by the GJEPC. I believe that the fruition of the Indo-UAE CEPA will spur many more such opportunities for our traders to connect and network, as evidenced by the immediate spike in bilateral gem & jewellery trade, especially plain gold jewellery, post the trade agreement’s enforcement on 1st May this year. India’s plain gold jewellery exports to UAE jumped 63% to $135.27 million (AED496m) in May 2022 and 59% to $116.70 million (AED428m) in June 2022 on a year-on-year basis.”

“UAE is an important export market for Indian gems & jewellery, accounting for around 15% or $5.8 billion in FY 2021-22. We expect buyers from UAE to visit IIJS Premiere in large numbers come August”, Colin Shah added.

Omar Khan, Dubai Chamber of Commerce and Industry said, “The recent agreement that was signed between India and UAE is a significant achievement as far as both the countries are concerned. It is really going to give further traction to the trade between both countries. We have a very high, ambitious target to achieve bilateral trade of US$100 billion, and I am sure the gem & jewellery trade will contribute in a big way. Indian gems and jewellery and their craftmanship is very popular here in UAE.”

Indian gem & jewellery manufacturers exhibiting at IJEX BSM are Divya Jewels, Dialmaz, Manish Bindi Jewels, MM Corporation, Riddhi Corporation, and Zest Untamed Elegance. The BSM had a good turnout from leading retailers from UAE, Bahrain & Oman such as Siroya Jewellers LLC; Joy Alukkas; Dhamani 1969; Malabar Gold & Diamonds; Dhakan; Bhima Jewellers; Jawhara; Vairaa Mountings Diamond and Jewellery LLC; Devji Aurum – Bahrain; Damas; Bhumi Ornaments; Fine Jewels; Al Yaasi Jewellery LLC; Anaswara Jewellery LLC; KP Sangvhi; Bafleh Jewellery; Rathor Jewellers; Golden Stone Jewellery; Solitaire; Thangam Jewels; IGI-International German Institute; Sea Pearls Gold and Diamond Jewellery – Oman; Dusoul and many more were seen interacting with the exhibitors.

The platform “India Jewellery Exposition Centre (IJEX)” which was unveiled in March 2022, enables GJEPC members to display goods and book orders throughout the year. The platform will organize exhibitions all 365-days of the year, promoting specific categories of ‘Made in India’ gems & jewellery, divided into four seasons, each lasting three months. The first IJEX BSM was also an attempt to promote IJEX among the trade members in UAE.

The IJEX centre will serve as a showroom cum marketing area for GJEPC Members who arrive in Dubai for business purpose and act to expand trade opportunities in the Middle East Market, with special emphasis on Dubai, African & CIS Countries. 

The event also saw GJEPC holding an IIJS Premiere roadshow, especially inviting buyers from the UAE.