MUMBAI, July 18, 2014 – Footfall was strong in the opening stages of the India International Jewellery Show (IIJS), where Indian designers and manufacturers showed off their latest collections.
The Indian gold jewellery manufacturing industry has increased its share of the global market in recent years, due to a highly skilled workforce and tight cost control.
Pankaj Parekh, Vice Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), said India’s gold jewellery manufacturing industry had a bright future due to hefty investments in training and education across the spectrum from manufacturing techniques to design.
He said he felt that the current 10 percent gold import duty was likely to remain in place in the near term due to concerns over India’s current account deficit.
A delegation of UK retailers and manufacturers met with Parekh at IIJS on July 18 in a courtesy visit and discussed gold supplies to the Indian jewellery manufacturing industry.
Standout designs at IIJS included extraordinary precious jewels from Jaipur-based Jewels Emporium, which showcased a number of one-off pieces, inspired by nature and featuring a variety of coloured stones with gold and diamonds.
Another exciting new jewellery line was Nazraana, a Rio Tinto Diamonds initiative, which featured seven exquisitely crafted diamond jewellery collections, inspired from the most beautiful things around us.
IIJS, taking place at the Bombay Exhibition Centre, runs until July 21, 2014.