/ -- The mega B2B gem and jewellery extravaganza by UBM India, with a special focus on South India's repertoire
(Logo: https://mma.prnewswire.com/media/675607/UBM_Logo.jpg )
(Logo: https://mma.prnewswire.com/media/828492/CJGF_March_Logo.jpg)
(Photo: https://mma.prnewswire.com/media/832873/UBM_CGF2019_Inauguration.jpg)
Speaking at the inauguration of CJGF 2019, Mr. Yogesh Mudras, Managing Director, said, "The rising demand for Indian gems and branded jewellery from across the globe is primarily being driven by the rising per capita income of the consumers and a stronger purchasing power of the middle-class today. In fact, the sector is now revolutionizing in terms of consumer's penchant for jewellery. Contributing 29 per cent to the global jewellery consumption, the Indian jewellery industry is already seeing an influx of established brands that are helping cater to the changing consumer preferences and making the market become more organized. Government initiatives like standardisation on gold hallmarking, Gold monetisation Scheme for individuals, trusts and mutual funds and building India's largest jewellery park will also open up more opportunities for the sector to grow in a more organised manner. Understanding the love for sparkle and the need for an organised market structure, UBM India in association with Chennai Jewellers Association through the CJGF aims to further boost the morale of this sector by offering immense opportunities to the industry."
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