Today’s the concluding day of the 28th edition of India International Jewellery Show 2011 (IIJS) that was being held in Mumbai.
The show was slated from August 4 – 8, 2011, at NSE grounds, Goregaon.
Some of the special features of IIJS 2011 were the new products and technologies that were on display.
The concluding day of IIJS 2011 started by a seminar titled “Preparing for Profit” by Mr. Shishir Nevatia, the founder and chairman of Sunjewels Group of companies. He spoke about the challenges faced in maintaining the appropriate ROI (return of investments). According to him, in today’s unpredictable scenario the aspects of trustworthiness, risk and credibility are the key factors in leveraging one’s own goodwill and assets.
One of the show highlights has been the motivating speech delivered by celebrated author Chetan Bhagat addressing the GIA Alumni Meet yesterday evening. He spoke about the need for greater innovation in the jewellery industry.
According to Mr. Daxesh Doshi, polish diamond division, Rosyblue, “This year the show has been good though the quality-conscious buyers want to buy 4-5% lesser than the usual prices. I guess it’s because of the price point related both to gold as well as diamonds. The buyers are a bit apprehensive about the international market but I feel that the domestic scenario is just too good”. Mr. Doshi observed a positive approach in the domestic buyers all the days of the show.
This opinion is seconded by Mr. Abhishek Ghatiwala of Jaipur-based Ghatiwala Jewellers who feels that the domestic market has “super potential” and the buyers should not get affected by the international scenario. He says, “Price point is a bit of resistance otherwise the show has been as good as every year. The international scenario is weakening the sentiments of the buyers as they just want to wait and watch the prices of gold and diamonds. They are unable to decide right now”.
Mr. Justin Varkey of Jaipur-based Jewel Ace too has been quite happy with the new distributorship response he’s got this year at the show.
In the ongoing India International Jewellery Show (IIJS) 2011, approximately 1,800 international buyers have registered for the Show, while 20,000 visitors visited show on the first day. More than 30,000 visitors are expected in the span of five days. This Show provides a platform to Indian jewellery sector who are constantly looking for international buyers and traders. Through the Show, there is a hope of increasing the share in exports done by Indian jewellery sector which presently stands at 40% in the international trade.
The third seminar on Day 4 titled “Blending Indian culture with international technology and design” had prominent speakers like Mr. K Srinivasan, managing director, Emerald Jewel Industry Pvt. Ltd, Mr. Anil Talwar of Talwarsons Jewellers, Mr. Giuseppe Gullo, international business development, Gitanjali Group and Mr. Pramod Derewala, president, Derewala Jewellery Industries Ltd. Mr. Ajay Pandey, Gitanjali Group and Mr. Samit Bhatta, Retail Jeweler, moderated this session.
For aeons, India has relied on its manufacturing competency but now there are clear signs of change. A countable number of Indian manufacturers are operating on Italian technology in large factories and churning out varieties of Indo-Italian jewellery. Predominantly, these are sold in metros in top retail outlets that pride themselves on clients with insatiable desire for innovation and creativity. It is enough to suggest that the diversification has been successful in satiating the growing appetite of Indian consumers for fashionalble and unique jewellery.
Speaking about how does one see the future of this marriage between Indain consumers and Italian products, Mr. Talwar of Talwarsons Jewellers said, “The Consumers are here, the demand is there. But the billion dollar question is whether the retailer is ready for this change? Since the Indian consumers are ready, we either have to bring the jewellery over here or set up technology to manufacture that kind of jewellery here”.
The Gem & Jewellery Export Promotion Council (GJEPC), under the Ministry of Commerce, Government of India, is holding India international jewellery Show (IIJS) 2011 scheduled at NSE Ground, Goregaon, Mumbai, from 4th to 8th August, 2011. This year IIJS marks the 28th edition and this "Trade Only" event, showcases a vast range of country’s production of gems and jewellery items to more than 33,000 trade visitors from India and abroad.
Day 3 at IIJS kicked off with an interesting seminar on “Grow with Gold” moderated by Mr. Vinod Hayagriv, CKC & Sons and the key speakers for this seminar were Mr. Mahish Jain, Mr. Anantha Padmanabhan, Mr. Haresh Soni and Mr. Nilesh Pareek. The seminar covered the recent increase in gold prices and related volatility does pose huge challenges for the end consumers and in turn puts pressure on the retailer/manufacture margins.
Some of the highlights of IIJS 2011 are country pavilions from Belgium, Israel, Thailand, UAE, Turkey and a special international product gallery.
The show has on display precious metal jewellery, loose gemstones, including diamonds, costume/fashion jewellery, jewellery making machineries and gems and jewellery publications. IIJS also exhibits the latest high precision machinery and allied products correlated to gems and jewellery industry.
The second seminar titled – “Exotic World of Colors” – was moderated by Mr. Anup Bohra of Jaipur-based Jewels Emporium. The distinguished speakers for this exceedingly interesting seminar were Mr. Nawal Kishore Agarwal, a member of GJEPC and GJF, Mr. Natvarlal Choksi, founder of CVM Group, Mr. Vivek Kala of Kalajee Jewels and Mr. Rajnikant Sukhadia, founder-director, Swadi Stit Co. Ltd. The seminar discussed how to make the maximum use of colors in jewellery to enhance the value, beautification, and profitability by effective application.
The increasing number of foreign buyers visiting each year further reiterates of it being an increasingly important international event thus providing an ideal ambience to strike profitable business deals.
The Israel Diamond Institute Group of Companies (IDI), a non-profit company representing the Israeli Diamond Industry, has targeted India as a major market for Israeli diamonds. With 7 Israeli diamond manufacturers and exporters exhibiting at the Israel Diamond Pavilion at IIJS 2011, continued growth in diamond trade between India and Israel is guaranteed.
14 of Antwerp’s finest diamond companies are gathered in Hall 1.
Amidst tight security and good traffic, IIJS 2011 presents a wide range of latest and trendy jewellery designs. It is providing a wonderful platform to the exhibitors to promote their products and brands, as well as to interact directly with influential buyers and key decision makers in the jewellery industry.
The India International Jewellery Show (IIJS) 2011 is been held from August 4 – 8, 2011, at NSE grounds, Goregaon, Mumbai. IIJS is the biggest b2b jewellery show in India and thronged by some eminent keynote speakers like Mr. Ravinath Mohandas, managing director, VNM Jewel Crafts Ltd, Mr. Sandeep Kulhalli, Titan Industries, Ms. Ameesha Prabhu, business Head, Trust for Retailers and Retail Associates of India (TRRAIN), Mr. Rahul Vira, Gili and Mr. Prem Kothari, Fine Jewellery Group. The seminar titled “Innovations for price point jewellery” deftly handled issues relating to create value and higher profitability in a market with increase in raw material, prices and finding innovations on how to innovate. Mr. Mahesh Rao moderated this seminar.
Speaking on the occasion, Mr. Kulhalli said, “Profitability aspect is an important aspect of pricing and has to be taken forward. We as an industry need to be in sync with consumers who are constantly evolving and premium are to be got for the jewellery”. Adding to this, Ms Prabhu said, “Affinity for gold will never diminish in India and owning a piece of gold will never cease in terms of value. Consumers are promiscuous – they move on and hence, brand promise is very important”. Mr. Vira felt that it’s time for experimentation with jewellery and be creative so that an aspiration can be created for a certain product.
This year, taking the task of promoting Indian art internationally, GJEPC has joined hands with the World Crafts Council (WCC) to work towards the revival of Indian crafts as the main objective. Through this platform, the two bodies are working towards at reviving the ancient art forms of making jewellery in India. Craft Designer Wall is the effort of GJEPC with dedicated few leading designers and craftsmen from Bidri, Patwa, Filigree and Bamboo who had tried to expand their vocabulary of techniques by looking at these four crafts as their inspiration and combining the same with established techniques of precious metal working enabling an opportunity to the traditional craft of the non precious craft jewellery to get into mainstream precious jewellery segment. As a part of this initiative, GJEPC sponsored 22 artisans, designers and faculty members from the Council’s institutions IIGJ - Mumbai, Jaipur, Delhi & IDI Surat for an exclusive workshop earlier this year so that they would take the initiative to the next level. The specimens of their craftsmanship will are on display at IIJS.
Day 2 at IIJS had another interesting seminar on “Global Jewellery Trends & You” moderated by Mr. Shishir Nevatia. Some of the noted key speakers at this seminar were Mr. David Lamb, World Gold Council, Mr. Sohil Kothari, Gine Jewellery Group, and Mr. Colin Shah, Kama Schachter. This seminar delved into matters relating to the emerging jewellery trends at a global level and how Indian manufacturers and exporters can unleash their own potential to tap into these trends and into newer geographies.
IIJS is continuously evolving as a show and this year there has been a 24 percent increase in visitor registration. The Government has once again awarded the accolade of ‘The India Show’ to IIJS, Asia’s second largest jewellery show. This year IIJS has set records higher than 2010.
Day 2 at the Gem and Jewellery Export Promotion Council (GJEPC) organized, India International Jewellery Show (IIJS), started with a seminar on "Gold prices - Outlook & Opportunity (Mechanism)” moderated by Bhargav Vaidya. In this seminar, the issue related to the phenomenal increase in gold prices and related volatility in the past few years were dealt with. The key speakers for this seminar were Mr. Sameer Patil, senior vice president, Product Knowledge Management Team (PKMT) with Multi Commodity Exchange of India Ltd (MCX), Mr. Rajan Venkatesh, managing director, and the head of the bullion business at ScotiaMocatta, the bullion division of the Bank of Nova Scotia and Ms. Gargi Shah, a Metals Analyst from GFMS Ltd, a London-based precious metals consultancy firm.
IIJS is the largest sourcing event in the country. IIJS presents a platform for extensive B2B trade for Indian participants and international visitors.
IIJS is in its 28th year and will see a congregation of more than 800 companies participating from India and overseas. Trade delegations are expected from Bangladesh, Nepal, Uzbekistan, China, Iran, Azerbaijan, UAE, Russia, Poland, Hungary, Italy, Thailand to name a few and in addition, there will be a large number of delegations from regional trade associations from across India.
Rajiv Jain, chairman, GJEPC, says*:* “This year there are more exhibitors in the show as opposed to previous years. Success of the show can be gauged by the fact that 97% of the previous participants are a part of this current show and this year, we expect more trade to be transacted as the market scenario has changed favourably. The Government has once again awarded the accolade of ‘The India Show’ to Asia’s second largest jewellery show in Mumbai to set records higher than 2010 ".
The Diamond India Limited (DIL) show will hold an auction of polished diamonds at IIJS 2011 which will be an opportunity for manufacturers and jewellers to procure diamonds directly from the source. The auction lots will be of all sizes from 0.001 carat upwards and the auction will be held on August 5, 6 & 7, 2011 in the loose stones section.
IIJS 2011 promises to provide a platform to traders and be a landmark sourcing event for the diamond industry and set records higher than 2010 truly establishing it as the India Show.
Tamira Jewels launched the concept of modular bangles which are essentially two precision-engineered components combining to form a complete bangle. the product line developed by Tamira Jewels consists of over a 100 such bangle halves. any two halves can be combined to create an entirely new design. a 100 bangle halves can offer a 4,950 combinations. The entire range of the half-bangles in 22k gold is embellished with cubic zirconia.
This innovation, patented in 197 countries, is the brainchild of renowned jewellery designer Varuna D Jani. Dharmesh Sodah as chief executive is leading Tamira Jewels.
The 28th edition of India International Jewellery Show (IIJS) 2011, organized by the Gem & Jewellery Export Promotion Council (GJEPC), was inaugurated earlier in the day by H E Mr. Ahmed bin Sulayem , executive chairman, Dubai Multi Commodities Centre and Mr. PK Chaudhery, special secretary, ministry of commerce and industry, India, in the presence of Mr. Rajiv Jain, chairman, GJEPC, Mr. Sanjay Kothari, vice chairman, GJEPC, Mr. Haresh Zaveri, convener, GJEPC and Mr. Sabyasachi Ray, executive director, GJEPC.
The show is slated from 4th August to 8th August, 2011, at NSE Complex, Goregaon, Mumbai. This year the show is spread over around 42,000 square feet area and 1,700 stalls have been allotted to 800 jewellery companies. Some of the countries to send their delegates to IIJS are Russia, Italy, Turkey, UAE, Japan, Azerbaijan and Poland to name a few. The Council is all set to open its new office in Dubai and planning to organize an Indo-Japan buyer seller meet soon.
According to Mr. Jain, “The real challenge lies in sourcing raw materials and we look forward to a collective effort by the entire industry to overcome all challenges”.
On the first day, the Gitanjali Group unveiled a number of sparkling new brands and collections at the Show. Each of the new offerings is targeted at a niche consumer segment that has not been addressed till now and will be of immense benefit to partnering retailers in meeting the emerging demands of consumers in their regions.
Some of the new brands being unveiled for the first time are GDivas, GSolitaire, Amore and Maya Diamonds each of which addresses the jewellery needs of different segments of society.
The All India Gems & Jewellery Trade Federation (GJF) introduced their Jewellers Identity Card (JID) for the industry. Some of the salient features of JID is to mitigate the identification related problems faced by the jewellers in transfer of valuables and a tamper-resistant credential containing the employer or employee's biometric to allow for a positive link between the card and the individual. The benefits of JID are to establish the bonafides identity and association with the industry and establishing the bonafides identity and association during the verification and checks done by various authorities.