OurBuzz
IIJS a Premiere 2023 could see upto 50,000 visitors in attendance
The response to IIJS Premiere has been nothing short of phenomenal. In the first phase alone, over 30,000 visitors and 15,000 companies have registered, surpassing expectations. This tremendous response demonstrates the industry’s support for the dual venue arrangement and highlights the growing significance of IIJS Premiere.This number may go up to 50,000 visitors and 25,000 companies as we approach the date.”
While the majority of visitors are from the local market, IIJS serves as a vital sourcing platform for jewellers catering to Non-Resident Indians (NRIs) worldwide. The show attracts a significant number of NRI jewellers, ensuring its international stature.
Last year, the show generated business worth ₹50,000 crore, and with the current trend of increased visitor footfalls, a 30% to 40% growth in business is anticipated. Stable gold prices, robust economic growth in India and surrounding regions, and positive market conditions add to the optimism.
Source: GJEPC
DiamondBuzz
Sarine Expands Indian Footprint, Unveils GCAL Laboratory In Mumbai
The facility is located in the SEEPZ, a major hub for India’s gem and jewelry export trade. By establishing a footprint directly within SEEPZ, the company aims to streamline logistics for local manufacturers and international exporters.
Israel-based diamond technology firm Sarine Technologies has officially inaugurated a new GCAL by Sarine jewelry certification and quality assurance laboratory in Mumbai, marking a key expansion in one of the world’s primary gem manufacturing markets. The opening of our SEEPZ lab expands GCAL by Sarine’s capabilities in India into jewelry certification and brings services closer to manufacturers and exporters
The facility is located in the Santacruz Electronics Export Processing Zone (SEEPZ), a major hub for India’s gem and jewelry export trade. By establishing a footprint directly within SEEPZ, the company aims to streamline logistics for local manufacturers and international exporters.
Key Takeaways for Investors and Industry Watchers:
- Strategic Positioning: Operating inside SEEPZ cuts turnaround times for major manufacturers, addressing growing industry demand for localized supply chain efficiency.
- Global Network: The Mumbai lab complements existing GCAL by Sarine grading facilities in Surat—India’s diamond-cutting epicenter—and New York, linking crucial production pipelines directly to the U.S. consumer market.
- Service Expansion: The new center broadens Sarine’s core offerings in the region beyond rough and polished diamond analysis to include full-scale finished jewelry certification.
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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.