JB Insights

Jewellery Machinery & Allied India International Expo

An unparalleled platform to showcase jewellery manufacturing technology from India and across the globe

Published

2 years ago

February 1, 2025

The Indian jewellery machinery industry is a vital component of the country’s overall gem and jewellery sector. It plays a crucial role in supporting the manufacturing and processing of jewellery, from raw materials to finished products. The industry has witnessed substantial growth in recent years, driven by factors such as rising domestic demand, increasing exports, and technological advancements. The industry comprises a mix of large-scale manufacturers, small and medium-sized enterprises, and local artisans.

One of the major drivers of the jewellery machinery industry is the Jewellery Machinery & Allied India International Expo (JMAIIE). It has provided an unparalleled platform to showcase jewellery manufacturing technology from India and across the globe.JMAIIE is one of the most anticipated exhibitions in the jewellery manufacturing machinery industry, bringing together leading manufacturers, exporters, and professionals from across the globe. Renowned as a dynamic platform for showcasing technology, innovation, and manufacturing expertise, JMAIIE serves as a premier destination for connecting with the latest trends and fostering collaborations within the industry. JMAIIE is Asia’s biggest trade show in jewellery manufacturing machinery segment.

JMAIIE is organized by KNC SERVICES and powered by JEWELLERY MACHINERY & ACCESSORIES FORUM

JMAIIE achievements over previous editions

Global Participation
JMAIIE has consistently attracted exhibitors and buyers from multiple countries, fostering international trade and creating opportunities for Indian jewellery-making machinery to gain global recognition.
Business Growth
The exhibition has established itself as a robust marketplace, facilitating significant business transactions, partnerships, and networking opportunities for both established and emerging players in the machinery sector.
Innovation and Technology
Focused on cutting-edge advancements, JMAIIE has showcased technologies that enhance jewellery design and manufacturing processes, helping the industry remain competitive in global markets.
Recognition of Craftsmanship
By celebrating Indian jewellery artistry, JMAIIE has highlighted traditional techniques while promoting modern designs, solidifying India’s position as a leader in skilled craftsmanship and technological adaptation.
Educational Initiatives
JMAIIE has organized workshops and seminars led by industry experts, providing valuable insights into market trends, evolving consumer preferences, and sustainable manufacturing practices.
Support for SMEs
Small and medium enterprises (SMEs) have benefitted significantly from JMAIIE, using the platform to gain visibility, access new markets, and establish themselves within the competitive landscape.

JMAIIE 2025 will be held from for February 7th to 10th, Bombay Exhibition Centre, Mumbai.

Number of exhibitors: 220 +

Number of booths: 350 +

Overseas exhibitors: 30+ from various countries including Turkiye, Italy, Germany

Expected Visitors: 5000 visitors representing 3000 companies

Kranti Nagvekar, Founder KNC Services, spoke to JewelBuzz on JMAIIE , its beginnings, objectives and how it is a force to reckon with as we approach the fourth edition of JMAIIE

Over the years the jewellery manufacturing technology segment was not given the importance it deserved. There was no dedicated effort to showcase and promote the machinery and allied segment. We believe that jewellery machinery is the root of manufacturing. This is what drove us to create JMAIIE – a platform focus only on manufacturing technology and machinery. We joined forces with JMA FORUM to create this powerful platform.

India is the second largest manufacturing hub, Hence there was no better place than India, and esp Mumbai which is home to the leading players in jewellery, to conduct JMAIIE. We host only one exhibition a year; Innovation and upgradation in manufacturing technology takes time. Every year exhibitors showcase fresh, innovative technology. Jewellery manufacturers are exposed to latest tech from India and abroad under one roof.

Besides leading players from India, JMAIIE features players from Italy, Turkiye, Germany.Also, many Indian distributors represent Chinese companies.Cutting edge technology from global players like sisma, Fasti, OTEC, Schultheiss is showcased.

Roadshows and seminars to promote JMAIIE are held in major metros and also in smaller cities and towns like Kolhapur and Ichalkaranji. Our team connects personally with jewellery makers and invites them. JMAIIE exhibitors are given a QR code to invite their guests. Each exhibitor reaches out to 100 -150 guests.We host more than 600 companies from India, Dubai and other GCC countries, Sri Lanka, Bangladesh.

JMAIIE is a complete show, besides the best in machinery, we have consultants, banks/financial institutions (offering loans), jewellery designers, interior designers etc

Going forward JMAIIE will get bigger and feature newer elements. We are planning more knowledge seminars.We are showcasing and demonstrating an AI based automated manufacturing process which will save costs and increase efficiency. Also, we wish to award and felicitate jewellery machinery manufacturers for excellence and innovation.

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Naresh Balani, Vice Chairman- JMA FORUM spoke to JewelBuzz on the jewellery manufacturing ecosystem, the challenges, need for government support

Earlier, leading Indian jewellery makers were entirely dependent on foreign jewellery machinery.Now increasingly, Indian jewellery makers are using Indian made machinery. But it must be noted that technological and innovation capability of India made machinery is 30 to 40 percent of the leading foreign players. Hence there is a huge gap to be filled.

We have observed that the value and quantum of orders are getting bigger from jewellery manufacturers including corporate retailers.From placing orders worth Rs 5 to 50 lakhs, we now see turnkey projects for manufacturing set up valued from Rs 25 cr to Rs 50 cr. JMAIIE has contributed in this growth story.

The Government of India needs to support Indian jewellery machinery manufacturing ecosystem by providing resources and funds, especially in R&D, skilling, training.Government schemes and finance are required to establish the infrastructure for manufacturing of jewellery machinery.The MSME suppliers need to be integrated into this ecosystem.

The government needs to recognize and honour jewellery machinery manufacturers for excellence and innovation and performance in exports.

Major jewellery companies, especially the public limited companies are adopting new technologies in jewellery machinery and allocating huge budgets. JMAIIE is a channel that communicates the critical need to adopt new technologies, which are crucial to the growth of the GJ industry.JMAIIE is actively promoting the MAKE IN INDIA movement

Indian jewellery machinery manufacturers must focus in improving quality, increase productivity using latest technology including AI, Blockchain, CAD / CAM, invest in research, lessen material wastage and adopt green energy and sustainability practices.

KNC Services, founded in 2014 by Kranti Nagvekar, has rapidly become a key player in the jewellery and machinery exhibition industry, with Kranti Nagvekar as the only female entrepreneur in this sector. JMAIIE by KNC Services is one of the most anticipated exhibitions in the jewellery manufacturing machinery industry.The company has expanded its operations across key markets such as Kolkata, Kerala, Odisha, and Mumbai, drawing substantial international buyers. Recently, KNC has extended its reach to new regions, including Saudi Arabia, Dubai, and Bangladesh, to organize B2B exhibitions, helping to introduce Indian gems and jewelry to these markets.

By organizing events that promote India-made gems and jewellery, KNC Services helps elevate the global perception of Indian craftsmanship. The company’s membership in the National Gem & Jewellery Council of India (NGJCI), under the Ministry of Commerce & Industry, further supports its role in promoting Indian trade on the international stage.

Jewellery Machinery & Accessories Forum- JMA Forum was formed in 2016 to carry on the activities to promote new technology and processes for manufacture of Jewellery and to educate the jewellery manufacturing fraternity and train new entrants into the jewellery manufacturing fraternity requiring the same and to assist in bringing the latest machinery into the country and make the same available at affordable prices.

One of the major drivers of the jewellery machinery industry is the JMAIIE. It has provided an unparalleled platform to showcase jewellery manufacturing technology from India and across the globe. JMAIIE is also driving growth of Indian jewellery machinery sector and contributing to the MAKE IN INDIA movement.

Ketan Jatakia, Partner- Ankitst Exim Inc, Founder- JMA FORUM

JMAIIE is a gamechanger in the jewellery manufacturing technology industry. It is the ultimate platform for showcasing the best in Indian and global jewellery machinery. JMAIIE is providing a boost to Indian jewellery machinery players and contributing to the MAKE IN INDIA movement.

Bhavik Shah, CEO- DOIT Industries Pvt Ltd

JMAIIE has put jewellery machinery and allied in the spotlight.It has provided a platform for showcasing the latest and most innovative jewellery manufacturing technology. JMAIIE is contributing to growth of domestic GJ industry by driving jewellery manufacturers to adopt new technology and invest in cutting edge jewellery machinery, which in turn helps in making Indian jewellery globally competitive.

D.M. Musale, MD- Quantum Equipment Co. Pvt .Ltd

JMAIIE is a great platform for jewellery manufacturers, jewellery retailers, precious metal refineries and all type of bullion traders to see and experience the latest manufacturing technology. JMAIIE showcases the most modern manufacturing processes and machinery – all under one roof.

Rajesh Garg, Partner – Garg Electroheat

Some of the machinery showcased at JMAIIE

WESTERN EQUIPMENTS AND ALLIED PVT. LTD.

Schultheiss Rotary Furnace for high quality casting and power saving technology

DOIT INDUSTRIES PVT LTD

The 10L Plating Plant with programmable controls, digital displays, and temperature regulation efficiently handles gold (9kt–24kt) and Rhodium plating, including degreasing, activation, rinsing, and flash plating.

ANANT JEWELS AND TECHNOLOGIES

Related Topics:2025 jbinsights jmaiie specialreport

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JB Insights

Jewellery Stocks Surge Following Gold ETF FoF Restrictions

Fresh Curbs On Paper-Gold Products Have Pushed Investor Attention Toward Physical Gold and Organised Jewellers Just As Dussehra, Diwali and The Wedding Season Arrive. The Rally Was Real, But It Was Narrower, and IYU78ts Cause Less Certain,Than The Headline Suggests.

Published

9 hours ago

October 28, 2026

JewelBuzz Spread The Buzz

Key Takeaways

Around 17 fund houses temporarily halted fresh subscriptions to gold ETF funds of funds (FoFs) on 15 and 16 October 2026, reportedly on SEBI instructions relayed through AMFI.
On 16 October, jewellery stocks rose by as much as 9% in early trade. The sharpest moves came in smaller names: PC Jeweller, Shanti Gold, Sky Gold and Diamonds, and TBZ. Titan and Kalyan Jewellers moved far less.
No verified evidence shows that money blocked from gold FoFs flowed into jewellery shares. Market commentary treats the curbs as a catalyst for attention, not a proven cause.
Gold prices have since eased, and the sector now trades on festive demand, margins and earnings quality rather than on the curbs alone.

What Happened

Seventeen mutual fund houses temporarily restricted fresh investments in their gold ETF FoFs, with the curbs taking effect on 15 and 16 October. The restrictions cover fresh lump sums, switch-ins, top-ups, and new SIP and STP registrations. ICICI Prudential, HDFC, Tata, Kotak, DSP, Mirae Asset, UTI, HSBC, LIC, Quantum, Zerodha and Groww are among the AMCs that issued notices. Several also curbed bulk subscriptions to gold ETFs themselves, and HDFC and Mirae extended the curbs to their gold-silver passive FoFs.

Three features matter for readers:

The curbs are temporary. Notices say they stay in place until further notice.
Existing holders are untouched. Redemptions continue, and SIP and STP instalments registered before the cut-off dates run as usual.
No reasons were given. The notices did not state a rationale. The context is pressure on India’s external balances and the rupee, a heavy import bill and a festive season in which gold and silver ETF subscriptions surged last year.

Gold ETF net inflows had already jumped to Rs 4,450.61 crore in September, up 71.4% from Rs 2,596.70 crore in August, according to AMFI data. Globally, gold ETFs drew about 67 tonnes (nearly $10 billion) in September, according to the World Gold Council.

The Investment Thesis

The logic circulating in the market runs as follows:

Substitution. With new money barred from FoFs, some investors may turn to coins, bars and jewellery, or to listed jewellers as a proxy for gold demand.
Festive timing. Dussehra, Dhanteras, Diwali and the wedding season are the strongest demand window of the year, and the shifted festive calendar could lift the October–December quarter’s share of annual sales.
Organised-sector share gains. Analysts expect Titan, Kalyan and Senco Gold to keep winning share from the unorganised segment.
Consumer adaptation. Buyers are coping with high prices through lightweight jewellery, smaller tickets and old-gold exchange.
Operating momentum. Recent reported jewellery growth has been strong: Titan’s jewellery business up 21%, Kalyan’s India revenue up 27%, Senco Gold up 31% and PC Jeweller up 28% in consolidated revenue.

What the Evidence Does Not Show

A careful reading of the available coverage suggests caution on the causal story:

No proven money flow. Nothing verifies that capital denied access to gold FoFs went into jewellery shares.
Different routes remain open. The curbs hit specific FoFs and some ETF bulk subscriptions, not every way of owning gold.
Concentrated, not sector-wide. The sharpest moves were in smaller stocks, where low bases and momentum trading amplify headlines.
Values are not volumes. Jewellery sales can rise in rupee terms while customers buy fewer grams of gold.
Imports are not surging. Gold imports fell to $1.8 billion in September from $2.3 billion in August, so a festive import surge is a concern, not a confirmed outcome.

In short, the curbs lit the fuse, but festive demand and company fundamentals are the fuel.

Macro Backdrop

Duty and appeals. Earlier this year the government raised effective gold and silver import duties to 15% from 6%. In May, the Prime Minister urged citizens to defer gold purchases for a year to conserve foreign exchange. Jewellery stocks fell 5.5% to 11% on that appeal, and they also fell on the duty hike while gold ETFs and gold-loan lenders rallied.
Gold prices. 24-carat gold stood at Rs 1,50,980 per 10 grams on 12 October and Rs 1,47,440 on 16 October. By 21 October it had slipped to roughly Rs 1,46,080, about 3.25% below the 12 October level. Buyers are watching whether prices find a floor before Dhanteras.
Six-month stock performance. To mid-October, Kalyan was up over 27%, Thangamayil about 13%, Sky Gold and Diamonds about 139%, Senco Gold flat and Titan down about 2%.

Implications for the Trade

Retailers. Policy now cuts both ways: restrictions on paper gold support physical demand narratives, while duties, appeals and rupee-defence measures can dampen it. Lightweight designs, exchange schemes and gold-metal-loan and hedging discipline remain the practical levers.
Manufacturers and wholesalers. Festive restocking, working-capital cost and hedge cover matter more than headline sentiment.
Investors. Analysts caution against treating the curbs as a standalone reason to buy. Margins, same-store growth and sustainable earnings should drive the decision.

What to Watch

Any relaxation or extension of the FoF subscription curbs, and whether other gold-linked products see similar action.
Domestic gold price direction through Dhanteras and Diwali.
Festive-quarter commentary and results from Titan, Kalyan, Senco and PC Jeweller.
Gold import data for October and the state of the rupee.
Further policy signals on duties or gold-buying appeals.

Bottom Line

The FoF curbs gave jewellery stocks a timely narrative, and small-cap names ran hardest on it. But the durable case for organised jewellers rests on festive and wedding demand, share gains from the unorganised sector and clean earnings. The curbs are a headline; the festive footfall is the test.