News
IGJS Jaipur 2025 opens;welcomes over 180 international buyers from 28 countries
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.
National News
Jaipur Gem & Jewellery Bourse Poised To Transform Global Coloured Gemstone Trade
Backed By Rajasthan Government and CIBJO, The Jaipur Gem & Jewellery Bourse Aims To Become The World’s Leading Hub For Coloured Gemstone Trade, Sourcing and Innovation.
As global demand for coloured gemstones continues to surge, industry leaders are positioning the Jaipur Gem & Jewellery Bourse (JGJB) as a transformative initiative that could redefine the future of international coloured gemstone trade, sourcing, and distribution.
Gaetano Cavalieri, President of CIBJO – The World Jewellery Confederation, accompanied by Shri Pramod Agrawal, Chairman of the Jaipur Gem & Jewellery Bourse and Vice President, CIBJO, met Hon’ble Chief Minister of Rajasthan, Shri Bhajan Lal Sharma. The discussions focused on the transformative role of the Jaipur Gem & Jewellery Bourse in strengthening Jaipur’s position as the global capital of coloured gemstones.
During the meeting, Cavalieri thanked the Hon’ble Chief Minister and the Government of Rajasthan for their vision and support in advancing the Jaipur Gem & Jewellery Bourse, noting that the project will benefit the global coloured gemstone industry by creating a transparent, organised and internationally connected marketplace.
A major driving force behind the project has been the proactive support extended by the Government of Rajasthan, which has played a crucial role in facilitating the development process. The land allotment through RIICO, and continued engagement under the Rajasthan Investment Promotion Scheme (RIPS) reflect the State Government’s vision of positioning Rajasthan as a premier global jewellery and gemstone destination.
Expressing his gratitude to the Rajasthan Government, Pramod Agrawal, Chairman of the Jaipur Gem & Jewellery Bourse and Vice President, CIBJO, said:
“Our meeting with Hon’ble Chief Minister Shri Bhajan Lal Sharma reaffirmed the Rajasthan Government’s strong support for the Jaipur Gem & Jewellery Bourse. The Hon’ble Chief Minister assured us of the Government’s support in providing the infrastructure, policy support, skilling initiatives and investment ecosystem required to realise this landmark project. This gives the industry tremendous confidence as we move towards creating a world-class hub that will strengthen Jaipur’s position as the global capital of coloured gemstones.”
“Through strong collaboration between industry, government and global stakeholders, the Jaipur Gem & Jewellery Bourse has the potential to become a catalyst for trade expansion, investment, innovation, employment and sustainable growth across the gemstone value chain,” added Pramod Agrawal.
Jaipur already occupies a unique position in the global gemstone value chain, processing and trading a significant share of the world’s coloured gemstones. The Bourse seeks to elevate this leadership by bringing together manufacturers, traders, international buyers, sourcing offices, laboratories, logistics providers, auction facilities, technology partners and support services within a single world-class platform.
Kirit Bhansali, Chairman, GJEPC said:
“Jaipur’s unmatched expertise in coloured gemstones has made it a cornerstone of the global gem and jewellery industry for centuries. The Jaipur Gem & Jewellery Bourse will strengthen India’s leadership in the global coloured gemstone trade by creating a world-class ecosystem that connects heritage, craftsmanship and international commerce.”
Raju Agarwal Mangodiwala, President, The Jewellers Association, Jaipur, said :
“The Jaipur Gem & Jewellery Bourse reflects the collective vision of Jaipur’s gem and jewellery fraternity. We are proud to support an initiative that will empower our artisans, traders and entrepreneurs while strengthening Jaipur’s global position.”
Gaetano Cavalieri, President, CIBJO, described the initiative as one of global significance and a timely response to evolving market dynamics.
“The market is requesting increasing quantities of coloured gemstones, particularly quality gemstones, and Jaipur has always been one of the world’s most important centres for the coloured gemstone trade. The establishment of the Jaipur Gem & Jewellery Bourse responds directly to this growing demand by creating an organised, transparent and responsible trading environment.”
Emphasising the international relevance of the project, Cavalieri added: “This is not something related only to India. It is something related to the world through Jaipur and through India. The Bourse has the potential to become a reference point for the global coloured gemstone industry by bringing together trade, services, sustainability and traceability within a single ecosystem.”
Cavalieri further noted that the Bourse would strengthen confidence across the supply chain by promoting responsible business practices, transparency, sustainability and traceability — principles that are becoming increasingly important for consumers, brands and retailers worldwide.
Industry leaders believe the project will create significant opportunities for international buyers, jewellery manufacturers, luxury brands and gemstone traders seeking efficient access to high-quality coloured gemstones through an organised marketplace. The concentration of services and infrastructure is also expected to improve business efficiency, accelerate trade flows and foster greater collaboration across the global industry.
The Jaipur Gem & Jewellery Bourse is being developed as the world’s first dedicated bourse exclusively for coloured gemstones and coloured gemstone-studded jewellery. Planned facilities include more than 1,750 trading offices and kiosks, customs facilitation, gem-testing laboratories, auction facilities and a comprehensive range of trade support services.
As the coloured gemstone capital of the world, Jaipur is uniquely positioned to lead the next phase of growth in the global gemstone industry. With growing international support and a shared vision among industry stakeholders, the Jaipur Gem & Jewellery Bourse is expected to emerge as the world’s leading destination for coloured gemstone sourcing, trading, innovation, education and industry collaboration.
The Jaipur Gem & Jewellery Bourse, jointly promoted by GJEPC and the Jewellers Association Jaipur (JAJ), is expected to generate around 60,000 additional jobs and create a modern ecosystem that bridges Jaipur’s centuries-old gemstone craftsmanship with modern international trade and business standards.
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