The All India Gem and Jewellery Domestic Council (GJC) is set to host the 5th edition of the India Gems and Jewellery Show (GJS), scheduled from 2nd to 5th April 2024 at the Jio World Convention Centre, Mumbai.
Known within the industry as #HumaraApnaShow, GJS 2024 aims to bring together over 350 exhibitors and 600+ booths, with an anticipated attendance of more than 10,000 visitors, including over 200 from international locations.
Key Features and Offerings
The event will feature a broad spectrum of products, including gold and diamond jewellery, antique collections, lab-grown diamonds, and related machinery, aiming to cater to a wide range of industry needs. With facilities such as complimentary meals and dedicated prayer rooms, the organisers seek to ensure a comfortable experience for all attendees. Additionally, arrangements for over 2,000 room-nights have been made available for premium buyers to facilitate their participation.
The GJC Nite, set for 3rd April 2024 at Hotel Sahara Star, is planned as an evening event to acknowledge industry players, alongside fashion shows that will display jewellery collections by well-known jewellers, supported by companies such as De Beers, Laxmi Diamonds, and Platinum Guild International.
Industry Significance
Timed before the festive occasions of Gudi Padwa and Akshaya Tritiya, as well as the wedding season, GJS 2024 is positioned as a strategic event for the industry, potentially influencing retail jewellery sales in India. It offers retailers a platform to explore new designs and engage with others in the industry. The presence of governmental and industry leaders during the inauguration highlights the event’s importance to the sector’s development.
Shri Mangal Prabhat Lodha, stated, “This expo has energised the entire Indian jewellery industry. Our Prime Minister Shri Narendra Modi has given a business-friendly atmosphere to boost our sales and grow exponentially. This is an opportune time for business growth as this is India’s decade. The leading global businessmen are looking at India as a potential growth market, which may boost our jewellery industry size in the coming years. Our Prime Minister is aiming at India with minimum government interference in the next 20 years. We see the jewellery industry transitioning to the more organised sector in future.”
Shri Sunil Nayak, Chief Executive Officer, Reliance Jewels expressed, “GJS has now evolved as India’s premier show. It provides a conducive atmosphere to all of us including exhibitors, and retailers for making some good deals, updating with the recent developments in the markets, and taking them to our customers. We as a retailer learn many things from such platforms and we earn benefits for our customers.”
Shri. Saiyam Mehra, Chairman of GJC and Convenor of the GJS April 2024 Show, states, “Our team has brought up great efforts since the past four GJS events to motivate our five-six million karigars to the next level, to introduce innovations in jewellery designs, and manufacturing across entire micro, small and medium enterprises (MSME). We have organised more than 165+ Labham to guide regulatory compliance to our jewellers. The industry is spread across 300,000 Jewelles with 75,000 retailers directly associated with GJC. GJC has conducted road shows across 150 cities. We expect over 10,000 retailers to visit this grand show and transact approximately 20 tonnes of business comprising gold, silver, diamond, precious stones, machinery, etc. in the next four days.”
Rajesh Kalyanraman – Executive Director, Kalyan Jewellers said, “We have seen multiple challenges in gold rates as some states have cut gold rates. I don’t know if undercutting gold rates is legally possible. However, we need to stress on transparent jewellery business to grow together. Our customers need to feel the transparency.”
Shri Rajesh Rokde, Vice Chairman of GJC, remarked, “GJC has grown today to become an apex body in India. We work 360 degrees for the growth of the entire jewellery industry. We organise programmes like Labham and Manthan, in addition to organising conferences for an all-round growth of this industry. India is currently undergoing its ‘Amrit Kaal’ which is defined as the ‘Golden Era’ for the Indian jewellery industry. Our country is moving towards becoming a Developed India from a Developing Nation today.”
Implications for the Jewellery Industry
GJS 2024 represents the GJC’s efforts to support the industry’s growth through facilitating exchanges of ideas, trends, and potential new product launches. The event’s comprehensive organisation aims to establish a conducive environment for business discussions and networking. By gathering exhibitors and visitors from various parts of the world, GJS 2024 is expected to foster international connections, contributing to the broader goals of the industry.
The event underscores the importance of innovation, networking, and strategic partnerships in driving the jewellery market forward, both within India and on a global scale. Industry professionals view GJS 2024 as a crucial opportunity to gain insights into emerging trends and form collaborations that could influence the market’s direction in the future.
