JB Insights
APGJF 2024 is a resounding success
State’s Largest B2B jewellery exhibition helps consolidate Vijayawada’s
position as a key GJ hub
Andhra Pradesh’s largest B2B jewellery exhibition, ANDHRA PRADESH GEM AND JEWELLERY FAIR (APGJF) 2024, held between December 13th and 15th at SS Convention Centre, Vijayawada, soared to new heights this year.Large crowds thronged the venue on all the three days and almost all the exhibitors were extremely satisfied with the brisk business transactions that they concluded and the network of new contacts they could establish.
APGJF is jointly organized by India’s premier jewellery exhibition management company United Exhibitions and AP Bullion Gold Silver & Diamonds Merchants Association.
The show began with the grand Inauguration Ceremony attended by the Chief Guest Dr. Ponguru Narayana, Hon’ble Minister of Municipal Administration and Urban Development, Govt of Andhra Pradesh. at the inaugural ceremony the chief guest was accompanied by the esteemed leaders from the Indian jewellery industry.
This year’s show brought together over 200 of India’s top and renowned jewellery manufacturers, wholesalers and technology service providers under one roof with over 9,600 visitors from across the Southern states and other parts of India. On display were over 5,00,000 designs displaying innovation and creativity and provided perfect options to the retailers as they prepare for the forthcoming festive and wedding season for the people from Telugu states.
K. Vijay Kumar, State President, APBGSDMA, said, “The buying spirit at the exhibition was consistently high on all three days after a fantastic start! APGJF 2024 saw a remarkable turnout of visitors from across the region, covering the spectrum of retail businesses from large corporate chains to small, single store retailers. This is a clear sign that the show serves a very important need in the region. We are confident that it will continue to grow.”
Shantilal Jain, State Chief Organizer, APBGSDMA said that Vijayawada is now gaining recognition as a key hub of the gem and jewellery industry. “Visitors were highly appreciative of the vast variety of choices which they had. They also reacted positively to the innovation and creativity in new designs that gave contemporary look to the traditional southern ornaments. APGJF is being seen as an important platform in the B2B supply chain for Telugu states.”
APGJF also won praise for its business-friendly environment with strict B2B norms implemented in regulating entry, along with a number of key networking and knowledge-sharing events that provided space for interaction and exchange of ideas and information.
V.K. Manoj, Project Director, United Exhibitions said “We made every effort to ensure the success of the show by adhering to the highest standards in planning and execution and ensuring that hospitality was flawless in every aspect .We are happy that APGJF has been recognised as a high-quality platform and now become an important milestone in the trade fair calendar of South India. A clear indication of this is that we have already received many confirmations for participation in APGJF 2025.”
Among the highlights of the three-day event was the Stars of Andhra Pradesh Awards & Networking Nite held on the evening of Dec 13th 2024 at Novotel Vijayawada where leading jewellers and key supporters who have helped uplift the trade were felicitated. Adding sparkle to the event was the presence of Miss Mannara Chopra, popular actress and celebrity in South India Cinema has filled the evening with glitter and glamour.
JB Insights
Dhanteras 2026: Strong Footfalls, Value-Led Growth Across India’s Jewellery Trade
Dhanteras 2026 opened on a confident note for India’s jewellery industry. Retailers and industry bodies report higher footfalls, double-digit value growth and a visible shift in what customers are buying. Volumes, however, are largely flat, and the growth is being carried by price.
Market Size and Growth
The Gem & Jewellery Council (GJC) estimates India’s Dhanteras gold business at roughly ₹60,000 crore on preliminary assessment. Rajesh Rokde, Chairman, GJC, says value growth is expected at 15–20% over last year, with volumes “almost at the same level.” He calls it “a very encouraging start for the jewellery industry.”
Retailers are reporting stronger numbers. Suvankar Sen, MD & CEO, Senco Gold Ltd, reports sales value up over 25% year on year, with higher store footfalls. Dr. Saurabh Gadgil, CMD, PNG Jewellers, says industry indications point to 25–30% incremental performance. He attributes this to easing prices, strong pre-Dhanteras bookings and a long Diwali weekend. Jignesh Mehta, Founder & MD, Divine Solitaires, reports 30% growth in festive sales.
What Customers Are Buying
- Gold: Sachin Jain, Regional CEO India, World Gold Council, notes strong walk-ins across retail markets. Buyers are choosing jewellery, coins, bars, ETFs and digital gold. He says the recent price moderation has given buyers relief.
- Diamonds: Senco Gold’s Sen says diamond jewellery sales “have grown impressively.” Divine Solitaires’ Mehta points to rising interest in natural diamond solitaires for gifting, milestones and self-purchase, led by smaller solitaires and lightweight pieces.
- Silver and multi-metal: Ansh Anand, CEO, Punjab Jewels, reports strong interest across gold, diamond, platinum and silver. PNG’s Gadgil adds that silver jewellery and articles are in high demand.
- Men’s jewellery: Sen flags growing interest, with Senco’s Aham line catering to men who see jewellery as personal style.
Key Trends
1. Lighter, everyday designs are gaining. Sen sees growing interest in lighter, more versatile designs alongside traditional gold and coins. Jayantilal Challani, Chairman, Challani Group of Companies, observes a visible shift from heavy traditional jewellery to everyday elegance.
2. Value-conscious, disciplined buying. Challani describes buyer mood as “calculated optimism and value-driven purchasing,” with high gold rates prompting disciplined shopping. Punjab Jewels’ Anand says customers are prioritising design, craftsmanship and quality alongside investment value, and festive enthusiasm has held despite elevated metal prices.
3. Trust and transparency matter more. Divine Solitaires’ Mehta says consumers place greater emphasis on transparency, authenticity and quality assurance. He cites the company’s 123-parameter Quality Guarantee and standardised pricing as the response.
4. Old gold exchange is a growth lever. PNG’s Gadgil says exchange is playing a big role, including in tier 2 and tier 3 cities.
5. Weddings and savings-led purchases. Sen reports strong participation from wedding customers and from families buying jewellery as savings.
Outlook
Sentiment is positive heading into Diwali and the wedding season. The WGC’s Jain says the day’s response “offers an encouraging outlook for the year end.” Gadgil notes that sales usually pick up in the second half of Dhanteras, so early figures may understate the final tally. Challani adds that grassroots spirit remains intact, which gives hope to jewellers who sell big and heavy pieces.
Bottom line: Dhanteras 2026 is a value-led recovery. Price easing, wedding demand, diamond and silver momentum and strong festive bookings are driving growth, while volumes hold steady. Retailers who combine lighter designs, transparent pricing and exchange offers are best placed to gain.
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