The 38th edition of the India International Jewelery Show (IIJS) was considered a success by the organizers after generating over 50,000 visitors.
Held at the Bombay Exhibition Center in Mumbai from August 4-8, the IIJS was the largest gem and jewelery exhibition organized by the Gem and Jewelery Export Promotion Council (GJEPC) to date.
Over 1,750 exhibitors turned up over the five days of India’s largest gathering of domestic and international buyers, while local jewelry makers had the opportunity to network with retailers, enabling both gain insight into product design and market trends.
GJEPC chairman Colin Shah said he hoped the success of the event was a sign of things to come for local commerce.
“It is estimated that Rs 50,000 crore in business will be generated over the next 4-6 months,” he said.
“It brought joy not only to its attendees, but also indicated that the holiday and wedding season will boost retail jewelry sales.
“Despite the recent rise in gold duties, market sentiments have remained strong towards the yellow metal. With the phenomenal buying that took place at IIJS Premiere, there is no doubt that this will be an outstanding Diwali.
Among the 50,000 visitors were approximately 1,500 internationals from more than 60 countries, including the United States, Canada, United Kingdom, Hong Kong, Middle East, Europe, Bangladesh, Nepal , Russia, Thailand and Egypt.
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