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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
A recent industry report by ICRA highlights a period of significant transition for the Indian diamond sector. While global trade dynamics remain fluid, exporters are increasingly looking toward strategic diversification to ensure long-term resilience against persistent market challenges.
The report indicates that the outlook for cut-and-polished diamonds (CPD) remains negative. This sector continues to face a complex landscape defined by:
- Structural Challenges: Persistent internal hurdles within the supply chain.
- Shifting Demand: Evolution in consumer preferences affecting traditional diamond sales.
- Increased Competition: Growing pressure from international players and alternative products.
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