Sunday, June 13, 2010

>Gems & Jewellery Market – India: Major Government Bodies

The Gem and Jewellery Export Promotion Council (GJEPC)
The apex body of G&J trade in India was set up in 1966 for promoting precious stones and
jewellery exports

Has 6,500 members across the country

It has undertaken many initiatives in order to enhance competitiveness.

  • Preparation of a medium term export strategy for various sectors including G&J by the Ministry of Commerce
  • Exploring the possibility of direct procurement of rough diamonds from mining countries
  • Promotion of Indian diamonds and jewellery abroad through advertisements, publicity and
  • participation in international fairs, buyer seller meets as well as directly approaching market retailers
  • Market study through experts in the field to identify new markets
  • Promotion of export of 'hallmark' jewellery from India to assure foreign customers of quality and purity of jewellery made in India.

The Gem and Jewellery Trade Council of India (GJTCI)
This council is established with the main aim of boosting the gem and jewellery trade of India
It plays an important role in showcasing the Indian gem and jewellery to the international market
It is a council formed to boost jewellery trade of India by resolving various issues of the trade by forwarding them to the relevant high authorities
It disseminates latest information to its members through a monthly newsletter, various educative and trade motivational events such as seminars, workshops, exhibitions, festivals etc.

To read the full report: GEMS & JEWELLERY