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AP gems & jewellery fair to focus on modern practices

Updated: May 22, 2013 05:59:56pm
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Hyderabad, May 22 (KNN) The city is hosting a three-day jewellery and gem fair to focus on modern techniques in jewellery making to help both jewellers and traders to learn of modern techniques of manufacturing, latest trends, industry practices, and exporters' demands.

Organised by UBM India, the event would feature 125 major jewellers from across the country at the sixth edition of the Hyderabad Jewellery Pearl and Gem Fair (HJF) held here from June-7 to June-9.

UBM India, a part of UBM plc, a leading global media business company, on Tuesday announced the event which is one of the biggest gems and jewellery B2B exhibition.

Jewellery manufacturers, wholesalers, retailers, importers, exporters, diamond and gemstone suppliers and representatives from trade and governmental organizations will participate in the event.

Commenting on the event, group director, UBM India Kranti Nagvekar, said, "The platform will help both jewellers and traders to know the latest trends in styles, industry practices and exporters demand. The major attraction during the current edition would be light-weight jewellery and we're expecting big order placements both from local and overseas traders. Customers here in India prefer Jaipur-studded and Hyderabad precious stone jewellery," according to a media report.

She said the recent fall in gold prices would help exporters improve their revenues and remain competitive in the overseas markets.  India exports jewellery to Singapore, West Asia, Istanbul, Russia, Germany, China and Taiwan.

The exhibitors will present a wide spectrum of merchandise including diamonds, pearls, gemstones, exquisite gold jewellery, latest machinery and equipment used in the manufacturing process and other related product and services.

India’s gems and jewellery industry is one of the major contributors to the country’s export. The consumption of gems and jewellery products in India has rapidly grown over the years at the rate of 10-15 per cent per annum. Today, the domestic Indian market is estimated to be over USD 30 billion.

According to a recent study, India and China are now emerging as leaders in the global jewellery industry in terms of consumption, besides production and trade. The countries jointly would account for over 30 per cent of global diamond market in 2015.  (KNN)

COMMENTS

  1. Ajit
    Ajit 15/12/2023 3:52 PM

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