India’s Gem and Jewellery Export Promotion Council (GJEPC) is preparing to organise its first export-oriented show only for international buyers, the International Gem & Jewellery Show (e-IGJS) in a virtual format. The show is scheduled to take place from 18th to 22nd January, 2021.
Colin Shah, Chairman, GJEPC said, “Looking at the positive developments in global markets, the recovery in retail jewellery demand and the distribution of an effective vaccine, GJEPC felt that the time was right to organise e-IGJS, a show exclusively meant for foreign buyers to source high quality products in a variety of exquisite designs.
“Global markets like the US, Europe, China and other Asian countries are witnessing increasing demand for gems and jewellery. The Thanksgiving Day spending in the US rose by nearly 22% year-over-year to $5.1 billion, hitting a new record, with a 37% jump in online sales in Q3 of FY2021.
“We are expecting the Indian government to announce a comprehensive e-commerce policy for the gem and jewellery sector which will encompass ease in processes, hassle-free returns, seamless payments, speed of delivery, minimal cost, etc. I am sure this will help in further boosting exports from this sector,” added Colin Shah.