iPhone | iPad
Android
Huawei
The accolade highlights Bajaj's remarkable achievements in media strategy and client success
KT APPDOWNLOAD
GJEPC’s IIJS Premiere 2024 spurs record-breaking $12 billion of business
With over 3,600 stalls and 2,100 exhibitors, IIJS Premiere attracted over 50,000 buyers
One of the world’s largest gem and jewellery B2B shows — India International Jewellery Show (IIJS) Premiere 2024 organised by India’s apex trade body, The Gem & Jewellery Export Promotion Council (GJEPC) – set a new staggering record by generating a staggering $12 billion of business over six days.
Showcasing 'Brilliant Bharat' theme this year, IIJS Premiere 2024 (the 40th edition) show dates were: 8-12 August at JIO World Convention Centre, Mumbai and 9-13 August at Bombay Exhibition Centre, NESCO Goregaon, Mumbai. IIJS Premiere 2024 had a total exhibition area of 135,000 sq. mt. (1.45 million sq. ft.), which is much higher than that of the prominent comparable shows in the western world. With over 3,600 stalls and 2,100 exhibitors, IIJS Premiere attracted over 50,000 buyers. There were 15 International delegations from 13+ countries including Cambodia, Iran, Japan, Malaysia, Nepal, Russia, Saudi Arabia, Sri Lanka, Thailand, Turkey, UK, Uzbekistan.
Running concurrently with IIJS Premiere 2024 was IGJME Premiere, a prominent Machinery and Allied Expo held from August 9-13, 2024, at the Bombay Exhibition Centre, NESCO, Goregaon in Mumbai. This event featured over 220 companies and 320 stalls, showcasing the latest in machinery and technology. Notably, the expo included an Italy Pavilion, highlighting international participation and the global reach of the exhibition.
Piyush Goyal, Minister of Commerce & Industry visited IIJS Premiere at the Bombay Exhibition Centre on 10th August and had an interactive session with the trade members. Goyal announced the reintroduction of the Diamond Imprest Licence as a key policy initiative for the gem and jewellery industry.
Goyal said that the Union Budget had cut duty rates of gold, silver and platinum, which was hurting the vibrant gem & jewellery industry and job creation. “India’s domestic market is resilient and growing fast to compensate for the loss in exports due to global recession. I urge gem & jewellery exporters to be positive,” he said.
Goyal further added, "Indian Government is engaging with G7 actively and several relevant Union Ministers are very much involved in negotiations. We have been having extensive discussions with EU Ministers and Commissioner. There are issues of transparency, data protection and costs. But this is the first time that India is negotiating from a position of strength with the G7."
In the FTA with Australia, we got double taxation removed for Indian IT sector. In case of Europe’s EFTA (Switzerland, Iceland, Norway and Liechtenstein), they have committed to invest $100 bn in India and create one million jobs.
“Indian exporters need to create greater degree of value addition due to recession in developed countries. The world is not looking for high cost products or jewellery but intricate products with diligent workmanship, exquisite artistry and bespoke handmade jewellery. Discerning customers will always seek value for money," Goyal said.
Dr Harshdeep Kamble, IAS, Principal Secretary (Industries) Govt. of Maharashtra, who was part of the inauguration of IIJS Premiere at Bombay Exhibition center said that he will include a new bigger exhibition and convention centre as well as ‘smart Manufacturing’ in the new Industrial Policy to be announced in September 2024.
Vipul Shah, chairman, GJEPC, said: "IIJS Premiere 2024 was a tremendous success, generating over USD 12 billion in business for our exhibitors. The show featured a dazzling array of products that highlighted the brilliance in designs and clearly reflected the shift towards catering to millennials and Gen Z. This year's event set new benchmarks in innovation and creativity, bringing together the finest talents in the industry."
"With 2,000 international buyers and 15 international delegations from over 13 countries, IIJS Premiere 2024 played a crucial role in boosting exports and expanding our global footprint. The presence of these international participants underscores the importance of IIJS as a premier platform for connecting with global markets and enhancing trade opportunities."
“The overwhelming response from buyers and the enthusiasm of exhibitors reaffirm our commitment to making IIJS the premier platform for the gem and jewellery industry. I extend my heartfelt thanks to everyone for contributing to the show’s remarkable success. Together, we will continue to drive the industry forward, setting new standards of excellence and achieving greater heights."
Former Miss World and actor Manushi Chhillar, brand ambassador, GJEPC, said: "It’s an absolute honour to be here at the opening of IIJS Premiere. India has an unmatched legacy of making extraordinary jewellery. And this show is the pinnacle of our artistry and leadership in this field. Every piece you see here at IIJS is a little work of art."
Chillar added, "My tenure as GJEPC’s brand ambassador has deepened my conviction that ‘Jewellery’ is India’s most compelling envoy to the world. It beautifully encapsulates our nation’s rich heritage and timeless elegance. Similarly, IIJS is the heartbeat of India's jewellery industry, driving it to new heights of global recognition."
Nirav Bhansali, convener, National Exhibitions, GJEPC, stated: "The 'Brilliant Bharat' theme for IIJS Premiere 2024 celebrates our nation's vibrant traditions. This year, we've leveraged technology to enhance the exhibitor experience and eliminated flex materials, promoting sustainability. The Select Club's participating brands have grown to 101, showcasing top-tier luxury and design. Innov8 Talks featured industry experts discussing trends and sustainability, while the 40 Under 40 initiative continues to honor young industry leaders. This year's show was a resounding success."
More news from KT Network
The collaboration aims to democratise and simplify escrow services, making them more accessible through a user-friendly digital platform
The unique experience brings together six strangers for a face-to-face meal, fostering new friendships, partnerships, and even mentorship opportunities
The app stands out by offering access to legal professionals in over 100 areas of law, including debt, disputes, contracts, and more
With over 300 million stockholders globally, the need for advanced tools like TradeGPT has never been greater
Kayal’s work has been celebrated for its use of rich textures, refined colour palettes, and meticulous attention to detail
With this incredible lineup of rewards, Big Ticket continues its tradition of offering bigger prizes and more opportunities for participants to win
From helping businesses set up on the mainland, in free zones, or offshore, Trinity Group ensures a seamless process by handling the legal and regulatory requirements