
Summary:
India's gem and jewellery market, valued at Rs. 7.37 lakh crore, is expected to grow to Rs. 11.27 lakh crore by 2030. The Gem & Jewellery Export Promotion Council (GJEPC) has invested Rs. 150 crore in promoting diamonds globally. GJEPC also partnered with De Beers to launch the Indian Natural Diamond Retailer Alliance (INDRA) to help independent retailers with advanced tools like AI for personalized campaigns.
GJEPC plans to expand globally, with an exhibition in Saudi Arabia in 2025 to strengthen trade ties with the GCC region. They’ve also partnered with DHL Express to improve global exports of Indian jewellery. Domestically, GJEPC aims to turn Singur in West Bengal into a major export hub for fashion jewellery, leveraging its skilled workforce, including women artisans, and strategic location near Kolkata airport.
Source: IBEF
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