A three-day Virtual Buyer-Seller Meeting (VBSM) for Silver and Fashion & Costume Jewellery, organised by India’s Gem & Jewellery Export Promotion Council (GJEPC), was inaugurated on November 17, with strong participation from 34 international buyers connecting virtually to the silver manufacturers in India from the USA, Spain, Italy, Mexico, Canada, Ireland, Russia-CIS and Latin America.
Speaking at the Silver VBSM launch, Suresh Kumar, Joint Secretary, Ministry of Commerce & Industry, said, “The virtual buyer-seller platforms will help explore ways to conduct business in the months ahead. Silver jewellery is a sector where, in spite of the pandemic, the recovery has been fast.”
He added, “The costume and fashion jewellery segment requires more attention as currently India’s share is just 2-3% of the $7 billion world market. I am sure GJEPC will take initiatives to further the growth of this potential segment.”