The flagship IIJS Premiere, according to the Gem and Jewelery Export Promotion Council, is expected to generate trade worth Rs50,000 crore over the next 4-6 months. This year’s IIJS took place August 4-8.
“We expect the 5-day premiere of the IIJS from August 4 to generate revenue of Rs 50,000 crore over the next 4-6 months from retail sales,” according to GJEPC Chairman Colin Shah.
There is no doubt that this will be a record Diwali given the huge buying that took place at IIJS Premiere despite the recent increase in gold duties, the speaker continued.
In addition to exhibiting gold and CZ (Cubic Zirconia) studded jewelry, loose stones, silver jewelry, artifacts and gifts, labs and educational resources and technology, the event featured 1,790 exhibitors.
About 50,000 people attended the event, including 1,500 foreign visitors from more than 60 countries, including the United States, Canada, United Kingdom, Hong Kong, Middle East, Europe, Bangladesh , Nepal, Russia, Thailand and Egypt, according to Shailesh Sangani. , Organizer of the GJEPC, National Exhibitions.