Potential of India's jewellery sector highlighted in Saudi

An upcoming key jewellery exhibition in Mumbai will give first-hand information of Indian gem and jewellery products to Saudi dealers through direct interaction with manufactures in India.
"Gem and jewellery sector occupies a prominent place in the Indian economy, in terms of its export earnings, employment generation and growth. Today, India has the world's largest diamond cutting and polishing industry, blending modern techniques with the traditional to cater to the world market," India's Consul General Faiz Ahmed Kidwai said at a gem and jewellery roadshow ahead of 'Signature Exhibition'.
The roadshow - held in Jeddah by the Global Gem and Jewellery Fair (GGJF) on Tuesday to highlight the potential of India's gem and jewellery sector - witnessed high net-worth individuals, executives and businessmen, professionals, whole-sellers and retailers of gold and jewellery, CEOs and decision-makers among the attendees.

The Exhibition, to be held in Mumbai between February 21-24, offers "one such opportunity to Saudi gems and jewellery dealers to have firsthand information of Indian gem and jewellery products and to interact with Indian manufactures directly", Kidwai said and appealed to the dealers to visit the exhibition in large numbers.
Saudi Arabia's gem and jewellery market is worth USD 800 million while Indian exports to Saudi Arabia are around USD 21.8 million, around 2.5 per cent of Saudi market size.
Signature, India's top-of-the-line jewelry show, showcases the best jewellery collections by the country's leading manufacturers, the report said.
Sponsored by the Ministry of Commerce and Gems and Jewellery Export Promotion Council (GJEPC), its focus is on gems and jewelry products - jewellery of the highest standards of design, craftsmanship and finish, it said.

Anil Sankhwal, chairman for Northern Region, GJEPC said: "this is our second roadshow in Jeddah. We have to make people aware that India is a largest exporter of diamonds, people feel that all diamonds come from Belgium, New York but the fact is out of 13 diamonds sold in the world, 11 of them are processed in India.