JB Insights
Bengal International Jewellery Show 2024
Opens on a grand note; celebrates industry icons and women empowerment
The 5th edition of the Bengal International Jewellery Show (BIJS) commenced at the Milan Mela Exhibition Centre, Kolkata, with resounding success. Organized by KNC Services, this event, running from November 30 to December 2, 2024, set a stellar precedent on its opening day, celebrating excellence in the jewellery industry and beyond.
The formal inauguration was done by Chief Guest Salem Abdullah Al Ammari of Dewan Al Dahab Jewellery LLC in the presence of Guests of Honour, Mohammad Ishrat, Mustafa’s Pte. Ltd, T.A. Sharavana, Member of Karnataka Legislative Council and Special Guests Saiyam Mehra, Chairman GJC, Dr Chetan Kumar Mehta, President -Jewellery Division -IBJA,President -JAB, Sachin Jain, Regional CEO India -WGC, Samar Kumar De, Working President -SSBC, Deepak Soni, Burrabazar Bullion Gems and Jewellers Welfare Association, Subir Sen, President -SSBC,Alok Adhya, Howrah Jewellery Traders Welfare Association, Tagar Chandra Poddar, Gen Sec, Akhil Bharatiya Swarnakar Sangh, Kranti Nagvekar, Founder KNC Services and dignitaries from GJ industry.
With participation from global industry leaders spanning Singapore, Malaysia, Bangladesh, Saudi Arabia, Dubai, and Indian states including West Bengal, Maharashtra, Karnataka, and regions from the North and South, BIJS 2024 has reaffirmed its position as a global platform for the jewellery trade.
Honoring the pillars of the industry with the Durga Awards
As a highlight of the inaugural day, KNC Services presented the prestigious Durga Awards to four exceptional women, affectionately called the “Durgas” of the jewellery industry. These awards honor their dedication, hard work, and significant contributions to advancing the industry. The recognition underscores KNC’s commitment to celebrating talent, perseverance, and leadership within the jewellery sector.
A Day of Success and Celebration
The event continued with a series of memorable moments, including:
Coffee with Dr. Chetan Mehta, CMD, Laxmi Diamonds, Bengaluru, in an inspiring dialogue with Mr. Suvankar Sen, MD, Senco Gold, Kolkata.
A spectacular Grand Fashion Show Networking Night, showcasing Kolkata’s unmatched craftsmanship and elevating the spirit of artistry in the jewellery world.
Networking and Business Opportunities
The first day of BIJS 2024 has already proven to be a remarkable success in terms of business and networking. The event facilitates collaboration among manufacturers, designers, retailers, and stakeholders, making it a vital hub for innovation and growth in the jewellery industry.BIJS is not only a networking powerhouse but also an affirmation of the industry’s collective strength, innovation, and creativity.
BIJS 2024: A Platform for Excellence
BIJS continues to be East India’s premier B2B jewellery exhibition, providing a unique platform for manufacturers, designers, retailer Coffs, and stakeholders to connect, collaborate, and create opportunities.
BIJS 2024 was a celebration of the vibrant spirit of the jewellery industry; it was where tradition meets innovation, and excellence is the standard.
Coffee with Dr Chetan Kumar Mehta in conversation with Suvankar Sen
Dr Chetan Kumar Mehta’s fireside chat with Suvankar Sen, MD & CEO – Senco Gold and Diamonds unearthed the wisdom and passion that drives one of India’s respected corporate retail jewellers, which boasts of 165 outlets across the country.He spoke on how he had responsibility to carry forward a four generation legacy.
Suvankar Sen was fortunate to have as mentor his father and an icon of the jewellery industry Shankar Sen.The learnings from his father include:
Focus and determination to see an initiative to its successful completion despite the odds and obstacles.
Quick decision making and then sticking by one’s decision
Carry along your people, your team – this will ensure your success.
Face good times, and bad times with equanimity.Remember that bad times is not the end of the world.
Maintain a work – personal life balance.
Suvankar Sen displayed his own strength and that of Senco as they journeyed towards their IPO- a dream of Shankar Sen.The objective was to be a better, organised,clean and transparent organisation.
The journey was a tough – it had its challenges.Identifying PE investors, getting the best auditors on board, battling negativity and suspicion about the jewellery sector, convincing the legitimacy of jewellery industry and strengths and integrity of Senco and bearing the loss of his father.
DiamondBuzz
Jewelbox Expects Festive Momentum as Consumers Embrace Versatile Lab-Grown Diamond Jewellery
In an exclusive JewelBuzz interview, Vidita Kochar Jain, Co-founder, Jewelbox, shares insights on festive jewellery demand, evolving consumer preferences, the growing acceptance of lab-grown diamonds and the brand’s latest personalised diamond offering, Signed Diamonds
Jewelbox, a contemporary lab-grown diamond jewellery brand, is witnessing an evolving jewellery consumption landscape, with consumers increasingly prioritising versatile designs, personal expression and value. As festive and wedding purchases gain momentum, the brand sees growing opportunities in everyday fine jewellery, gifting and personalised diamond offerings.
In an exclusive interview with JewelBuzz, Vidita Kochar Jain, Co-Founder, Jewelbox, discusses expectations for the current festive season, changing consumer sentiment, the growing appeal of lab-grown diamonds and the brand’s latest festive offering, Signed Diamonds, which brings a personal touch to diamond jewellery.
Jb: What are your expectations with regard to jewellery sales during the current festive season?
Vidita Kochar : Every year, the festive season is a strong period for jewellery consumption, with both gifting and self-purchases contributing to demand. Jewellery continues to hold a unique position in Indian celebrations, but the nature of consumption is evolving. Customers are increasingly looking beyond traditional occasion-led purchases towards versatile pieces that can be worn regularly. At Jewelbox, we expect lab-grown diamond jewellery to benefit from this shift, particularly in categories such as everyday fine jewellery, statement pieces and gifting. We remain optimistic about festive demand and expect to see sustained momentum across our retail and digital channels.
Jb: What is the current consumer sentiment regarding jewellery purchases?
Vidita Kochar: Consumer sentiment towards jewellery remains encouraging, although purchasing behaviour is becoming increasingly discerning. Customers are placing greater emphasis on design differentiation, product quality, versatility and the overall value proposition. There is also a discernible shift towards self-purchasing, with consumers increasingly viewing jewellery as a personal expression rather than an occasion-led purchase. Within this evolving landscape, lab-grown diamonds are finding greater acceptance, particularly among younger consumers who appreciate the ability to access fine jewellery across a wider range of designs and price points.
Jb: Are you launching any festive or wedding collections this season? If yes, please share the details?
Vidita Kochar: At Jewelbox, our focus this season is on offering jewellery that brings together contemporary design, versatility and craftsmanship. Our collections cater to festive celebrations as well as weddings, with designs that transition effortlessly from special occasions to everyday wear.
With changing consumer preferences reshaping the jewellery landscape, versatility, personalisation and design-led offerings are emerging as important purchase drivers.
Jewelbox’s focus on contemporary lab-grown diamond jewellery and innovative concepts such as Signed Diamonds reflects its approach to connecting with the evolving expectations of modern consumers. As the festive and wedding seasons bring renewed opportunities for the industry, the brand remains focused on making diamond jewellery more accessible, expressive and meaningful.
Jewelbox Expects Festive Momentum as Consumers Embrace Versatile Lab-Grown Diamond Jewellery
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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.