Empowering MSMEs with News & Insights

Gems and jewellery industry achieves export target of $48 billion in FY23

Updated: Dec 24, 2022 10:33:53am

Gems and jewellery industry achieves export target of $48 billion in FY23

New Delhi, Dec 24 (KNN) Post-pandemic, the gems and jewellery industry is back on track and it has been successful in achieving its annual export target of USD 48 billion, an official said on Friday.

"The present chairman of the gems and jewellery council has informed that the industry has achieved the yearly target of 48 billion of exports from the country till the last quarter of this fiscal. We have achieved what we had to achieve," honorary secretary of the Jaipur Jewellery Show (JJS) Rajiv Jain said.


The 20th edition of the four-day jewellery show began on Friday at the JECC.

As per reports, the event is hosting over 900-plus booths and 500-plus exhibitors from different parts of the country and abroad.

Jain said that the domestic gems and jewellery market is also growing because of heavy gold buying. He said that focus of jewellery traders has now shifted from international consumers to the domestic buyers.

"We are keeping our fingers crossed. If it remains limited to China then it will be a windfall gain for the Indian market," he said.

Jaipur Jewellery Show is a premier B2B and B2C show. The event was inaugurated by the chief guest, Asher Ottamoochikkal, MD- Indian operations at Malabar Gold & Diamonds.

Chairman, Gem & Jewellery Export Promotion Council (GJEPC), Vipul Shah, and Chairman, All India Gem & Jewellery Council (GJC), Ashish Pethe were also present at the event.  (KNN Bureau)


    Be first to give your comments.


Required fields are marked *