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Union Minister Shri Piyush Goyal Union Minister Shri Piyush Goyal Inaugurates GJEPC’s Largest-Ever IIJS Signature 2024 Gem & Jewellery Trade Show

32,000+ visitors from 800 Indian cities & 60 countries at IIJS Signature 2024 estimated to generate business of over Rs. 35,000 crore.

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Union Minister Shri Piyush Goyal  Union Minister Shri Piyush Goyal Inaugurates GJEPC’s Largest-Ever IIJS Signature 2024 Gem & Jewellery Trade Show

(PRESS RELEASE) NATIONAL — Union Minister Shri Piyush Goyal inaugurated the New Year’s first and largest-ever India International Jewellery Trade Show — IIJS Signature Gem & Jewellery Trade organized by the country’s apex trade body, the Gem & Jewellery Export Promotion Council (GJEPC). The 16th edition of GJEPC’s IIJS Signature will witness 30,000+ visitors (including international buyers) from 800 Indian cities and 60 countries. The show boasts of 1,500+ exhibitors occupying 3,000+ stalls across a sprawling 1.25 lakh sq. mt. of exhibition area.

For the first time ever, the New Year’s first top-of-the-line design centric jewelry trade show along with the India Gem & Jewellery Machinery Expo (IGJME) is being held at two venues in Mumbai: JIO World Convention Centre, BKC (4-7 January) & Bombay Exhibition Centre, NESCO, Goregaon (5-8 January). This expansion aims to offer exhibitors and visitors more space, fostering a relaxed environment conducive to productive business interactions.

Gracing the momentous occasion along with Chief Guest Shri Piyush Goyal were Shri Joy Alukkas (Chairperson, Joyalukkas); Shri Vipul Shah, Chairman, GJEPC; Shri Kirit Bhansali (Vice Chairman, GJEPC); Rajesh Kumar Mishra, IRS Zonal Development Commissioner, SEEPZ-SEZ; Shri Anoop Mehta, President, GJEPC; Shri Nirav Bhansali (Convener, National Exhibitions, GJEPC); Shri Sabyasachi Ray (ED, GJEPC), along with others.

Shri Piyush Goyal, Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution & Textiles, Govt. of India, said, “Under Prime Minister Narendra Modi’s guidance India can become the global epicenter of the gem & jewelry industry with a holistic ecosystem encompassing all diverse constituents and elements. Massive investments are being made to create a world-class infrastructure including the 20-acre India Jewellery Park in Navi Mumbai and a common facility centre in SEEPZ Mumbai with most modern machinery and equipment. The infrastructure impetus can empower MSMEs in the gem & jewelry industry to build global competitiveness and expand their business in a very modern and efficient environment. After the success in Dubai post the India-UAE CEPA, we are planning to open a new India Exposition Centere in Hong Kong to gradually spread our wings to capture world markets across borders. Jewelry design should become our next big export. Our young, talented and skilled workforce and help us merge fashion and jewelry into an unbeatable & desirable combination. The emphasis has to be on making India the design destination of the world for fashion and jewelry. The fashion+jewelry combination can make India a coveted and preferred wedding destination for the world. The Surat Diamond Bourse has already become a benchmark globally and this competitive spirit that will take Indian industry to greater heights. India has the potential to become the world’s largest gem jeweler, proficient lab grown diamond maker, impeccable design centre and technologically advanced machinery manufacturer all under one platform. It’s time we embark on the journey to realize our true potential and show our prowess to the world.”

Shri Vipul Shah, chairman, GJEPC, said, “India is today a powerhouse of jewelry manufacturing and the domestic gem & jewelry market, which is currently valued at USD 44 billion will grow to USD 134 billion by the year 2030 with CAGR of 17.35%. The Indian gem & jewelry industry shares our beloved Prime Minister’s dream of becoming a USD 5 trillion economy by 2030 and a first world nation by 2047. To take part in that Sankalp to be “Viksit Bharat”, GJEPC on behalf of the gem & jewelry sector recently submitted the work plan to the Ministry of Commerce to touch USD 75 billion exports by the year 2030 and USD 100 billion by 2047.”

“Honorable Union Minister Shri Piyush Goyal, following the success of the India-UAE CEPA bilateral trade agreement, the gem & jewellery sector is looking forward to trade agreements with GCC, the UK, EU and Canada to happen soon under your leadership. And we will grow India’s share in world exports of gems & jewelry from 4.6% to more than 10% by 2030,” added Shah.

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Shah said, “Building world-class infrastructure in the gem & jewelry business will entail an investment of more than Rs. Two Lakh crore within the next five years. As an industry, we are doing our bit in nation building and creating national assets. We are investing heavily in infrastructure through finance from trade members only, be it commissioning the largest diamond bourses in the world like Bharat Diamond Bourse at Mumbai and now Surat Diamond Bourse in Surat or recently announced Gem Bourse in Jaipur or the largest Jewellery Park in the world, the India Jewellery Park, Mumbai. Govt. is also investing to create mega Common Facility Centre (CFC) at SEEPZ and NEST 1 and NEST 2 restructuring of SEEPZ. The IIBX at Gift City is another such endeavour which is bringing landmark changes in the industry. Thank you Hon. Minister for your active involvement in all of these facilities, which will help bring back the Indian G&J businessmen back from foreign destinations of Belgium, UAE, Thailand, USA and other countries.”

Mr. Joy Alukkas, chairperson, Joyalukkas Group, said, “We should be very proud the way India is progressing as one of the top economies in the world. Thanks to the very efficient leadership of our country. Honorable Union Minister Shri Piyush Goyal is doing everything for our gem & jewelry trade. The initiatives of GJEPC is also worth mentioning and commendable. Over a period of time the IIJS Signature has become a significant jewelry exhibition in the world. I am very optimistic about the future of our industry and I feel very proud to be a part of this.”

Shri Nirav Bhansali, convener-national exhibitions, GJEPC, said, ” As the first show of the year, IIJS Signature plays a crucial role in gauging demand from both domestic and global buyers. It also offers vital insights into the trends in different markets as per the buying behaviors. These insights, particularly at the year’s outset, prove invaluable for manufacturers. The dual-venue expansion is intended to provide exhibitors and visitors with additional space, creating a conducive and spacious atmosphere for productive business interactions.”

“The IIJS Signature show alone is set to enable a staggering Rs. 35,000 crore worth of business. When considering the collective impact of all three IIJS shows, the total business generated will amount to an impressive Rs. 1.25 lakh crore. This establishes the IIJS as a truly unparalleled platform within the global gems and jewelry industry, added Bhansali.

IIJS Signature is strategically positioned in the beginning of the year. Following a phenomenal festive season that witnessed double-digit sales growth for retailers, this platform gives buyers to stock up inventory for the weeding and festivities placed in the first half of the year.”

GJEPC has successfully enlisted the IIJS Signature 2024 Exhibition under the “Procurement and Marketing Support” scheme of the Ministry of MSME. The scheme provides financial assistance to micro and small enterprises for participating in domestic and international trade fairs and exhibitions. As a result, the eligible exhibitors can now avail themselves of a grant of ₹1.50 lakh each, which will help them cover costs and enhance their visibility and competitiveness in the global market.

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Along with IIJS Signature, the India Gem and Jewellery Machinery Expo (IGJME 2024) is held simultaneously at BEC, featuring over 100 companies and 150+ stalls. This edition promises an enhanced experience, presenting a wider array of compelling business opportunities.

Additionally, GJEPC has introduced a dedicated section for luxury connoisseurs and couture jewelry buyers called “The Select CLUB” at IIJS Signature 2024 in the Jio World Convention Centre. This exclusive section allows Couture jewelry manufacturers to showcase their extensive collection of high-end, exclusive jewelry designs to a curated audience.

‘The Select CLUB’ for Couture Jewellery manufacturers at IIJS Signature 2024, aims to bring forth a unique blend of traditional craftsmanship and contemporary designs that will resonate with the discerning taste of patrons at the luxurious JWCC venue. ‘The Select CLUB’ at IIJS Signature 2024 is poised to empower Couture jewelry manufacturers, providing a platform to showcase their diverse array of exclusive high-end jewelry designs to our discerning audience.”

This IIJS Signature edition brings not just a showcase of the latest trends and innovations but also a forum for knowledge exchange. Innov8 Talks, seminars designed to inspire and educate, and the networking evenings foster connections that go beyond business transactions.

Salient Features that Define IIJS Signature 2024:

  • Dual venues – Jio World Convention Centre and Bombay Exhibition Centre
  • 5 Exhibition Halls offering a comprehensive display of the finest in the industry
  • “The Select CLUB”- a dedicated section for luxury connoisseurs and couture jewellery buyers
  • Prime Plus Lounge for Prime Plus Exhibitors and Visitors at Both venues.
  • Seamless Visitor Pre-Registration & Digital Entry Badge for ease of access.
  • Complimentary Registration for International Visitors to foster global participation.
  • IIJS APP providing comprehensive show details at your fingertips.
  • 3D Interactive Floor Plan ensuring effortless navigation within the venue.
  • Shuttle Bus Services connecting hotels and airports to the event location.
  • Accommodation Options ranging from 5-star to budgeted hotels in close proximity.
  • Networking Evenings fostering collaboration and professional connections.
  • Innov8 Talks (Seminars) enlightening attendees with industry insights.

Product sections at JWCC:

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  • Diamond, Gemstone, and other studded jewellery
  • Gold and Gold CZ studded jewellery
  • Laboratories and Education (for Loose)
  • International companies.

Exclusive Sections

  • THE SELECT CLUB: Exclusive High-End Couture Jewellery
  • Loose stones (Diamonds)
  • Lab-grown Diamonds (Loose & Jewellery)

Product sections at BEC:

  • Diamond, Gemstone, and other studded jewellery
  • Gold and Gold CZ studded jewellery
  • Laboratories & Education (for Jewellery)
  • International companies

Exclusive Sections

  • Silver Jewellery, Artefacts & Gifting Items
  • Loose stone (Colour gemstone)

Concurrent Show: (IGJME 2024)

  • Machinery, Technology, and allied NOW In HALL 5 at BEC

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