GJEPC aims $5 billion jewellery exports from South India

The Gem & Jewellery Export Promotion Council (GJEPC) plans to boost jewellery exports from South India from $3 billion to $5 billion. They will host the IIJS Tritiya 2025 exhibition at the Bengaluru International Exhibition Centre from March 21 to 24. Kirit Bhansali, the GJEPC Chairman, stated that this event is the largest business-to-business jewellery exhibition in the region. The council aims for a total of $70 billion in gem and jewellery exports by 2030, highlighting the growing potential of this market. India is now one of the biggest markets for gems and jewellery, with domestic consumption reaching $85 billion. This is expected to rise to $130 billion by 2030. The exhibition has support from various government bodies and industry associations, and it features over 1,100 exhibitors this year. Bhansali noted the strong interest in the event, indicating that it is essential for business growth in the southern market. The GJEPC is also investing in artificial intelligence to enhance engagement between buyers and sellers at the exhibition. They aim to position India as a global centre for jewellery manufacturing and innovation, similar to famous regions in Italy and Turkey.