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IGJS Jaipur 2025 opens;welcomes over 180 international buyers from 28 countries

Published

1 year ago

April 4, 2025

Amid the evolving global trade landscape, the Gem & Jewellery Export Promotion Council (GJEPC) inaugurated the International Gem & Jewellery Show (IGJS) Jaipur 2025 today, reinforcing India’s commitment to strengthening its gem and jewellery industry as it navigates the recent announcement of a 27% reciprocal tariff by the US administration on Indian exports.

The 4th edition of IGJS Jaipur, organized by GJEPC, is being held from 3rd to 5th April 2025 at Novotel, Jaipur Exhibition and Convention Centre (JECC), Jaipur. SECURE is the logistics partner for IGJS 2025. The show serves as a premier B2B platform for fostering trade collaborations and expanding India’s footprint in key global markets.

The event was inaugurated by esteemed dignitaries, including Retired Major General Anuj Mathur; Mrs. Shilpi R Purohit, Joint Commissioner, District Industries Centre, Government of Rajasthan; Mr. Gaurav Joshi, Joint Director & HOO, MSME – Development Institute, Ministry of MSME Jaipur; Mr. Shaunak Parikh, Vice Chairman, GJEPC; Mr. Yogendra Garg, Regional Chairman (Rajasthan), GJEPC; Mr. D.P. Khandelwal, Convener, Coloured Gemstone Panel, GJEPC; Mr. Krishna Behari Goyal, Convener, Silver Panel, GJEPC; Mr. Arvind Gupta, Convener, SEZ Panel, GJEPC; and Mr. Siddhartha H, COO, GJEPC.

Over 50 companies exhibiting at 62 booths, presented a stunning collection of loose gemstones, dazzling diamonds, gemstone-studded masterpieces, and exquisite silver jewellery.

Talking about the show, Shaunak Parikh, Vice Chairman, GJEPC, said, “IGJS Jaipur 2025 offers an unparalleled platform to strengthen partnerships and expand global connections. This year, we are proud to host over 50 companies across 62 booths, welcoming more than 180 international buyers from 28 countries, including the USA, UK, Europe, Oceania, MENA, Russia, and the CIS regions. As a premier business-to-business show, IGJS Jaipur fosters collaboration, drives trade, and unlocks new opportunities in the world of fine jewellery.

Jaipur has long been renowned for its exceptional craftsmanship, and IGJS Jaipur 2025 continues to be the go-to destination for international buyers seeking high-quality jewellery from India. The event showcases the finest gemstone and jewellery collections from leading manufacturers, reinforcing Jaipur’s position as a global hub for innovation and excellence in jewellery.”

On this occasion, Shaunak also addressed concerns regarding the recently imposed 27% tariff by the US administration on India which will have a significant impact gem and jewellery exports. He reiterated GJEPC’s stance, urging the US to uphold the spirit of the longstanding trade partnership between India and the USA, built on mutual respect and shared economic interests.

“The tariff presents both challenges and opportunities. In the short term, we anticipate difficulties in sustaining India’s current export volume of USD 10 billion to the US market. In the long term, this could reshape global supply chains,” said Parikh. He further added, “We urge the Government of India to progress the Bilateral Trade Agreement between India and the US, as it would be crucial in navigating the tariff issues and securing long term interest of the sector.”

GJEPC is actively engaging with stakeholders to address the potential risks and explore solutions that ensure continued access to the US market. The Council remains committed to working with the Government of India to progress discussions on trade negotiations that protect the industry’s growth trajectory.

Talking about the Jaipur gem and Jewellery sector Shaunak Parikh said, “GJEPC is committed to taking Jaipur’s gem and jewellery industry to the next level, ensuring its growth as a global hub. GJEPC is also working closely with the government to establish a Special Notified Zone (SNZ) in Jaipur, allowing direct sourcing of rough gemstones from miners, replicating the successful models of SNZs in Bharat Diamond Bourse and Surat Diamond Bourse. Additionally, Initiatives like the India Rough Gemstone Sourcing Show (IRGSS)—scheduled from 11th to 30th April 2025—are crucial in maintaining a steady supply of rough gemstones for manufacturers. These strategic efforts will further strengthen Jaipur’s position as a leading centre for gemstone manufacturing and jewellery exports.”

Yogendra Garg, Regional Chairman (Rajasthan), GJEPC, said, “Gem Bourse in Jaipur, developed by GJEPC in collaboration with the Jewellers Association, Jaipur, and with the visionary support of the Rajasthan Government. Spread across 43,828 square meters, this world-class facility will not only boost exports but also create 60,000 jobs, transforming Jaipur into a global hub for gems and jewellery.”

By bringing together global buyers and Indian exporters, IGJS Jaipur plays a pivotal role in strengthening India’s position as a trusted sourcing hub, even as the industry navigates complex trade dynamics. GJEPC remains optimistic that initiatives like IGJS will bolster trade relations and open new avenues for growth in emerging markets.

Jeremy Keight, GJEPC Coordinator, Asia Pacific, Oceania, UK, Africa, US & Europe, said: “We’re in an ever-changing jewellery industry where designs and demands evolve, and that only happens through collaboration between the buyers and the suppliers. I encourage you to be open with exhibitors, explore possibilities, and dive into design—that’s how we grow as an industry.”

Ali Pastorini, GJEPC Coordinator, Latin America, commented, “I’m proud to bring delegations to this high-quality event. In these challenging times, unity is crucial, and this is a prime opportunity for buyers and sellers to connect and do great business. We must keep pushing forward. India’s exports must not depend solely on the USA—explore untapped markets like Latin America to open new doors. Visitors, take advantage of the incredible companies here; I visited factories yesterday, and you won’t be disappointed.”

Exhibitors were bustling with activity right from the inaugural day of the show. Jinesh Mehta, Founder of Kaamya Jewels, a high-design jewellery brand, remarked that they had been so engaged with clients that they hadn’t even found time for a lunch break.

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National News

The Invisible Giant Behind India’s Jewelry Industry Turns 30- Kama Jewelry

Mumbai-Based Kama Jewelry Marks Three Decades Of Fine Jewelry Manufacturing — 1,200 Craftspeople, 260+ Clients Across Four Continents, And A 27% CAGR That Rivals The Best Long-Term Compounders In Indian Business.

Published

3 hours ago

May 14, 2026

JewelBuzz Spread The Buzz

27.1%	30-Year CAGR \| No outside capital raised
1,200+	Master craftspeople, all in-house — not contract labour
260+	Global clients across India, the USA, the UAE, and Europe
47,508	Pieces manufactured per month on average

Kama Jewelry Private Limited, India’s leading fine jewelry manufacturer, today marks its 30th anniversary — a milestone defined not by celebration alone, but by a record that few Indian manufacturers can match.

Founded on 27th May 1996 by Colin Shah, a first-generation entrepreneur from a family of doctors, Kama began with a single premise: do the right thing, every time, even when no one is watching. Three decades later, that premise has produced one of India’s most quietly consequential manufacturing businesses.

Operating from SEEPZ Special Economic Zone in Mumbai, Kama runs four specialist plants — covering 18KT gold, natural diamonds, platinum, and CNC machine-made jewelry — serving clients across India, the United States, the UAE, and Europe.

The Numbers

Kama’s FY26 growth represents a 30-year compound annual growth rate of 27.1% — generated entirely without external capital. Its post-pandemic CAGR of 16.8% confirms the recovery trajectory is accelerating. FY27 target represents 23% growth, with output planned at 6.75 lakh pieces across its export and domestic divisions.

Third-Party Recognition

The Gem and Jewellery Export Promotion Council (GJEPC), operating under the Ministry of Commerce, recognised Kama as the Largest Diamond Jewelry Exporter in two consecutive years — an award based on audited customs data, not self-declaration. Kama holds a BBB Stable credit rating, maintained through demonetisation, GST transition, COVID, and gold prices reaching an all-time high of Rs. 1,51,366 per 10 grams.

A Timely Milestone

Kama’s anniversary arrives at a structurally significant moment for Indian jewelry manufacturing. The India-US bilateral trade framework, finalised in early 2026, reduced jewelry tariffs from over 50% to 16% — creating what GJEPC estimates as a near-term export opportunity of $3 billion. India’s effective tariff rate on jewelry exports to the US now sits below China’s for the first time, making Indian manufacturers the preferred supply chain alternative for US buyers diversifying away from Chinese sourcing.

Kama, with 60+ existing US clients and three decades of verified export experience, is positioned to capture this opportunity immediately — without needing to change its product mix or infrastructure.

Governance and Financial Discipline

Kama is one of the few private manufacturers in India that operates with the governance infrastructure of a listed company. Four independent audit and compliance bodies oversee the business: statutory audit, internal audit, tax, and US audit. The company carries a BBB Stable credit rating maintained through every economic shock of the past three decades.

Unlike many manufacturing businesses at this scale, Kama is not promoter-dependent. Senior leadership averages over 20 years of tenure. Functional heads across sales, manufacturing, design, finance, and HR operate with independent accountability. SAP ERP has governed operations since 2013 — built proactively, not in response to any requirement.

Culture and Continuity

The company’s 1,200 craftspeople are employed directly on payroll — not through contract arrangements — preserving fine jewelry stone-setting skills that are disappearing globally as automation advances. This is a deliberate, costly choice that gives Kama quality control and craft depth no competitor replicates at scale.

Colin Shah served as Chairman of the GJEPC from 2020 to 2022, leading the industry through the most disruptive period in modern trade history. The company has also recently launched a CNC manufacturing facility and is conducting production trials in CNC 9-axis machining, binder jetting, and hot isostatic pressing — technologies it describes as preparing before being required to.

Founder’s Statement

Founder & MD of Kama Jewelry, Colin Shah said:

“Kama is not 30 years old. Kama is 30 years young. We began with belief. We grew with discipline. We lead with trust. The best chapters are not behind us — they are waiting to be written.”