JB Insights
IIJS SIGNATURE 2024
Top-of-the-line design centric jewellery trade show is an overwhelming success
IIJS established as a truly unparalleled platform within the global GJ industry
2024’s first top-of-the-line design centric jewellery trade show IIJS SIGNATURE 2024 was held at two venues in Mumbai: JIO World Convention Centre, BKC (4-7 January) & Bombay Exhibition Centre, NESCO (5-8 January).
Dr. Devendra Fadnavis, Hon. Dy. Chief Minister of Maharashtra, inaugurated the show at Bombay Exhibition Centre, NESCO (5-8 January along with Guests of Honour Uday Samant, Hon. Minister of Industries, Govt. of Maharashtra , Paul Rowley, Executive VP, De Beers and Sunil Nayak, CEO, Reliance Jewels , Reshma Lakhani, DGEP along with doyens of international & Indian diamond, gem & jewellery sector.


Along with IIJS Signature, the India Gem and Jewellery Machinery Expo (IGJME 2024) is held simultaneously at BEC, featuring over 100 companies and 150+ stalls. This edition promises an enhanced experience, presenting a wider array of compelling business opportunities.
Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution & Textiles, Govt. of India,Shri Piyush Goyal inaugurated the show at JIO World Convention Centre with Guests of Honour Joy Alukkas, Chairperson, Joyalukkas along with doyens of international & Indian diamond, gem & jewellery sector.
Representing GJEPC were Chairman Vipul Shah, Vice Chairman Kirit Bhansali, Convenor National Exhibitions Nirav Bhansali and Executive Director Sabyasachi Ray.
Piyush Goyal speaking at the inauguration said “Under Prime Minister Narendra Modi’s guidance India can become the global epicentre of the gem & jewellery industry with a holistic ecosystem encompassing all diverse constituents and elements. Jewellery design should become our next big export. India has the potential to become the world’s largest gem jeweller, proficient lab grown diamond maker, impeccable design centre and technologically advanced machinery manufacturer all under one platform.”

Speaking at the IIJS Signature, Dr. Fadnavis said, “Prime Minister Shri Narendra Modi ji has set a target of USD 75 bn for gem & jewellery exports by 2030. This will be possible with the pivotal role played by the apex body GJEPC, which has instrumental in making India one of the biggest international players in the global gems & jewellery industry. And whenever GJEPC wishes to create any new ecosystem, the natural and first choice has to be Maharashtra.”
Vipul Shah, Chairman, GJEPC, said, “India is today a powerhouse of jewellery manufacturing and the domestic gem & jewellery market, which is currently valued at USD 44 billion will grow to USD 134 billion by the year 2030 with CAGR of 17.35%. The Indian gem & jewellery industry shares our beloved Prime Minister’s dream of becoming a USD 5 trillion economy by 2030 and a first world nation by 2047.”


Nirav Bhansali, Convener-National Exhibitions, GJEPC, said, “The IIJS Signature show alone is set to enable a staggering Rs. 35,000 crore worth of business. When considering the collective impact of all three IIJS shows, the total business generated will amount to an impressive Rs. 1.25 lakh crore. This establishes the IIJS as a truly unparalleled platform within the global gems and jewellery industry.”
IIJS Signature is strategically positioned in the beginning of the year. Following a phenomenal festive season that witnessed double-digit sales growth for retailers, this platform gives buyers to stock up inventory for the weeding and festivities placed in the first half of the year.”
Over 32,000 visitors attended two-venue IIJS SIGNATURE 2024 in Mumbai. The current 16th IIJS Signature has attracted buyers from 800 Indian cities and 60 countries. The show boasts over 1,500 exhibitors and 3,000 stalls across a sprawling 1.25 lakh sq. mt. of exhibition area.
“The Select CLUB” exclusively for Couture Jewellery manufacturers at IIJS Signature 2024 was introduced by GJEPC. Prime Plus Lounge for Prime Plus exhibitors and visitors at both venues was a feature that added to the premium standing of the show. Innov8 Talks (Seminars) enlightened attendees with industry insights.



GJEPC has successfully enlisted the IIJS Signature 2024 Exhibition under the “Procurement and Marketing Support” scheme of the Ministry of MSME. The scheme provides financial assistance to micro and small enterprises for participating in domestic and international trade fairs and exhibitions.
Education
Natural and Lab-Grown Diamonds: Two Sparkling Paths Defining the Future of Luxury Jewellery”
The diamond landscape is evolving faster than ever. As technology meets tradition, Natural and Lab-Grown Diamonds are redefining how consumers, retailers, and brands perceive luxury. Both share identical chemical and optical properties, yet their origins, pricing, sustainability factors, and emotional appeal set them apart.
With the global diamond market at a turning point, understanding these distinctions helps both jewellery buyers and industry professionals make informed decisions in 2025 and beyond.
From the Earth’s Depths to Cutting-Edge Labs

Natural diamonds are formed over billions of years deep within the Earth’s mantle under immense heat and pressure. They emerge through volcanic activity and are then mined, cut, and polished before reaching the consumer.
In contrast, lab-grown diamonds (LGDs) are created inside advanced laboratories using High Pressure High Temperature (HPHT) or Chemical Vapor Deposition (CVD) technology. These processes replicate natural conditions, producing diamonds that are chemically, physically, and optically identical to those mined from the Earth — but grown in a matter of weeks.
Appearance and Durability: Identical in Every Sparkle

Both natural and lab-grown diamonds score a perfect 10 on the Mohs hardness scale, meaning they are equally durable, brilliant, and suitable for everyday wear. Even expert gemologists require specialized instruments to distinguish between the two.
Modern certification authorities such as GIA, IGI, and SGL ensure complete transparency by clearly mentioning whether a diamond is natural or lab-created on its grading report — maintaining consumer trust and industry integrity.
Pricing and Market Accessibility

One of the most defining aspects of lab-grown diamonds is affordability. On average, they cost 50–80% less than natural diamonds of similar size and quality. This has opened the luxury jewellery market to younger, value-conscious consumers, particularly Millennials and Gen Z, who view LGDs as sustainable and budget-friendly choices.
However, natural diamonds continue to command premium value due to their rarity, heritage, and perceived emotional depth — making them a timeless investment for collectors and traditional buyers.
Sustainability and Ethics in Focus

In today’s conscious consumer era, sustainability and ethical sourcing play a critical role in purchase decisions. Lab-grown diamonds have gained popularity for their minimal environmental footprint and traceable production methods.
Meanwhile, leading natural diamond mining companies have advanced significantly in eco-restoration, carbon reduction, and community programs, ensuring responsible mining practices. As both sectors innovate, the diamond industry as a whole is moving toward greater transparency and social responsibility.
India’s Pivotal Role in the Diamond Evolution

India, particularly Surat, has emerged as the global hub for lab-grown diamond production, driving exports and technological innovation. According to trade data, lab-grown diamond exports from India have surged sharply in 2025, solidifying the nation’s role as a world leader in both natural and synthetic diamond expertise.
Retailers across India are now offering dual counters — one for natural diamonds and another for lab-grown — to cater to the evolving preferences of modern consumers.
Changing Consumer Perceptions

The perception of lab-grown diamonds has shifted dramatically. Once viewed as “alternatives,” they are now celebrated as symbols of modern luxury and sustainability. However, natural diamonds continue to represent heritage, emotion, and exclusivity — values deeply rooted in the cultural and emotional fabric of jewellery buying.
The brilliance of a diamond, whether mined from the Earth or grown in a lab, remains eternal. The difference lies not in its sparkle, but in the story it tells — one of timeless beauty versus technological innovation.
As the jewellery industry embraces both, the future of diamonds is not about choosing one over the other — it’s about celebrating diversity, transparency, and conscious luxury.
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