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HIJS 2023: Satisfied exhibitors applaud success of show

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South India’s largest B2B jewellery exhibition, the Hyderabad International Jewellery Show (HIJS) 2023, which was held at Hitex Centre from May 19-21, 2023 was rated as an overwhelming success by the exhibitors, visitors and organisers alike. The show concluded on a high note with the booths remaining crowded till closing time on the last day.

V K Manoj, Project-Director, United Exhibitions, the organiser of HIJS 2023, said, “The massive response to the first HIJS exceeded expectations of all participants and the exhibitors were all very satisfied. They were especially pleased by the strict implementation of the norms restricting entry to business visitors only. We also received positive feedback about the quality of facilities provided. We have been greatly encouraged by the success of HIJS and the support from the industry across the region.” 

Broad-based Support 

Chief Guest Hon’ble Minister of Tourism & Culture, Telangana, Shri Srinivas Goud Garu showered praise on the HIJS and expressed his government’s wholehearted support to the jewellery industry, while speaking at the event. He said, “The industry should come up with a plan to develop a huge permanent jewellery trading market and also other infrastructure to boost manufacturing and approach the government for its requirements. We will be happy to work out solutions.”

The show was also supported by all the major gem and jewellery trade bodies from across South India. The vigorous campaign to promote HIJS through road shows and door-to-door drives in all the key jewellery industry centres had a huge impact and created major awareness due to the backing from local trade bodies in each area.

Leading personalities of all major associations from every state in the southern region were also personally present on the opening day of the show.

Significant Pan-India Participation

HIJS was a successful platform that brought together leading manufacturers from across the country with large, medium and small jewellery retailers both from the South as well as from many other key jewellery centres in other regions too. The cross section of visitors from so many different states led a few participants to say it was almost on par with other pan India shows.

The show had 250 exhibitors in 600 booths spread over 1,50,000 sq ft of exhibition space. An estimated 20,00,000 jewellery designs were showcased covering a wide array of choices across gold, diamond, and silver jewellery, as well as loose gemstones. Equipment used in the manufacturing process and the latest technology and software solutions used in the jewellery industry was also being displayed and demonstrated in the halls.

High Footfalls, Brisk Business 

Many of the exhibitors expressed satisfaction over the steady flow of visitors on all three days. A few even commented on the significantly high number of footfalls even on the evening of the last day saying that it was on par with what is normally seen on Day One of any show.

On all the days, large groups of buyers were seen from various districts of Telangana, Andhra Pradesh and South India. In addition, there were a significant number of trade visitors from across various parts of India as well. 

Jitender Kumar Gupta, Proprietor- Inderlal Balmukand Gems & Jewels, Hyderabad said, “This show is very well organised and has very good quality buyers. Every visitor is a genuine and good quality buyer, and as the timing of the show is perfect those jewellers who have a requirement for new stocks have come here to the show.”

Similarly, Ankit Vaidya – Director of Jewel Partner, an exhibitor from Indore in MP remarked, “The show has been very good and much better than other similar shows held earlier in the city in terms of buyers. “Clearly there are no window shoppers, and only the serious buyers who have come to make stock purchases have come in. This is a show about quality and not quantity.”

Concurrent Events

The importance of the show as a business networking event was further seen in the variety of key concurrent events that were hosted by HIJS. 

Some of the key highlights of included:

I. Panel Discussion with Heads of Industry Associations

Immediately after the inaugural session, a distinguished panel comprising 15 office bearers of gem & jewellery industry bodies from Telangana, Andhra Pradesh, Tamil Nadu, Karnataka and Kerala discussed their views on ‘Role of Associations in the Growth of the Jewellery Sector’. The discussion was moderated by Shri Sumesh Wadhera of Art of Jewellery.

II. Kohinoor Jewellery Awards

At a special event, Kohinoor Jewellery Awards, held on the evening of May 19, presented by SVAR, leading stalwarts and iconic brands from the Gems & Jewellery industry were felicitated for their outstanding contributions to the growth and development of the industry. Chief Guest Hon’ble Minister of Tourism & Culture, Shri Srinivas Goud Garu and other dignitaries did the honours at the event.

III. GJC Regional Conference

The All India Gem & Jewellery Domestic Council (GJC) conducted its Regional Conference at HIJS 2023 on May 20. The conference, was attended by about 500 delegates from across the region and steered by Saiyam Mehra, GJC Chairman, S Abdul Nazar, Convener All-India Conference, GJC Past Chairman Nitin Khandelwal and others. An important interaction took place during the session addressed by CA Bhavin Mehta who spoke about Hallmarking, GST, HUID and PMLA among other related themes.

United Exhibitions said that almost all the exhibitors have confirmed their participation in HIJS 2024, the exact dates of which will be finalised soon.

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DiamondBuzz

Anglo American in touch with  banks about a De Beers IPO

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Anglo American is reportedly exploring an Initial Public Offering (IPO) for its diamond mining subsidiary, De Beers, as a potential alternative to a direct sale. This move aligns with Anglo’s broader strategic restructuring efforts, announced in May 2024, which focus on divesting less profitable assets and prioritizing its core operations in copper. The company has already executed agreements to sell its coal and nickel assets and is expected to offload its platinum operations later this year. However, progress on De Beers has been slow, prompting Anglo American to engage in preliminary discussions with banks about the feasibility of an IPO.

Background De Beers, a 136-year-old diamond mining company, has been a subsidiary of Anglo American for decades. However, due to declining profitability and shifting strategic priorities, Anglo American has decided to divest its stake in the diamond unit. CEO Duncan Wanblad has reiterated that the divestment of De Beers will be “substantively complete” by the end of 2024. The company is taking steps to ensure that De Beers operates as a fully independent entity, thereby minimizing any negative impact on Anglo American’s broader operations.

Strategic Rationale for the IPO

  • Market Conditions: The diamond industry has faced challenges, including fluctuating demand, rising competition from lab-grown diamonds, and macroeconomic uncertainties affecting luxury goods markets. These factors may have deterred potential buyers, making an IPO a viable alternative for Anglo American.
  • Maximizing Shareholder Value: An IPO could allow Anglo to extract value from De Beers through a public listing while potentially retaining a minority stake during an initial transition phase.
  • Standalone Business Readiness: Anglo has already taken measures to position De Beers as an independent business entity, making it better suited for an IPO.
  • Potential Investor Interest: Given De Beers’ global brand recognition and historical dominance in the diamond sector, the IPO could attract institutional and retail investors looking for exposure to the luxury commodities market.

Challenges and Risks

  • Market Volatility: The global diamond market remains unpredictable, with price fluctuations and shifting consumer preferences.
  • Investor Perception: De Beers’ recent financial performance, coupled with competition from synthetic diamonds, may impact investor sentiment.
  • Execution Risks: Structuring the IPO, securing regulatory approvals, and ensuring a smooth transition to public markets could pose operational hurdles.

Conclusion Anglo American’s consideration of an IPO for De Beers reflects its commitment to restructuring its portfolio and focusing on high-growth sectors like copper. While a sale remains the preferred option, the IPO serves as a contingency plan to ensure De Beers’ divestment is completed within the stated timeline. The coming months will be crucial in determining the final outcome of this strategic shift, with market conditions, investor appetite, and execution feasibility playing key roles in Anglo American’s decision-making process.

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DiamondBuzz

Botswana’s economic outlook negative due to diamond market pressures: S&P Global

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S&P Global Ratings has revised Botswana’s economic outlook to negative from stable, citing external and fiscal pressures. The agency confirmed its ’BBB+/A-2’ long- and short-term sovereign credit ratings for the country. The decision reflects the challenges Botswana faces due to decreased global demand and prices for diamonds, which are pivotal to its fiscal revenues and exports.

Botswana’s economy is heavily reliant on diamonds. They account for around 80 per cent of its export earnings and a third of total budget revenues.

De Beers and the Botswana government finally reached agreement last month on the long-term mining and rough sales deals, but sales by their joint venture, Debswana, were down by 52 per cent for the first three quarters of 2024, and there a few signs of a sustained recovery in demand.

The agency projects that without a significant fiscal effort by the government or a substantial increase in diamond prices and sales volumes, Botswana’s fiscal consolidation efforts will remain challenging. It forecasts government debt, net of liquid assets, to rise to 19% of GDP by 2028 from 3% in 2024.

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BrandBuzz

Celebrate Gudi Padwa with Exclusive Festive Collections and Unbeatable Offers with PNG Jewellers

The brand’s omnichannel campaign highlights new designs and exclusive offers in popular collections such as Polmi, Saptam, Pratha, Katha, and Enaa.

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To usher in the Maharashtrian New Year with pomp and splendour, PNG Jewellers, Maharashtra’s most trusted corporate family jewellery brand, celebrates the occasion with stunning festive collections such as Polmi, Saptam, Pratha, Katha, and Enaa. From March 24 to April 30, 2025, the brand doubles up with attractive offers for its customers across all stores.

Gudi Padwa, which marks the beginning of the new year, is an auspicious time of new beginnings and prosperity. Keeping this spirit alive, PNG Jewellers’ latest campaign highlights attractive offers on an exquisite range of traditional and contemporary gold, diamond, platinum and silver jewellery, perfect for wedding shopping, festive gifting, personal indulgence, or starting new investments in gold.

At the heart of this campaign is the Polmi Collection – featuring Polki (uncut) diamonds designed with old-world craftsmanship for both elegant and chic looks. From statement necklaces to delicate bracelets, each piece is crafted to highlight the natural beauty of polki, offering a fresh perspective on this traditional jewellery. The collection draws inspiration from the jewellery of ancient queens, positioning it as a must-have for the modern woman who seeks to embrace her inner royalty. While exuding a royal aura, the Polmi Collection is designed to be within reach, allowing every woman to adorn herself with these timeless pieces without compromising on quality or elegance.

Sharing his excitement about market expectations, Dr. Saurabh Gadgil, Chairman and Managing Director of PNG Jewellers, said, “Gold prices touching new highs have not deterred demand; instead, they have reaffirmed gold’s status as a timeless investment and cultural necessity. Consumers are adapting to these price shifts by exchanging old gold for new jewellery, ensuring liquidity while fulfilling their festive and wedding-related purchases. With Gudi Padwa marking an auspicious period for new beginnings, we see strong customer interest in traditional gold jewellery and studded collections. Additionally, the ongoing Maharashtrian wedding season is further driving demand, as many customers prefer to take delivery of their jewellery on such significant occasions. Since gold buying in India is deeply sentiment-driven rather than purely price-sensitive, we remain confident of a vibrant and prosperous Gudi Padwa season for the industry

To make this Gudi Padwa truly memorable, PNG Jewellers is offering a 0% deduction on the old gold exchange, up to 30% off on gold jewellery-making charges, and up to 100% off on diamond jewellery-making charges.

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