OurBuzz
IIJS Premiere 2023 starts with a bang, sets an optimistic outlook for the future

- The show is held concurrently at JIO World Convention Centre (JWCC) and Bombay Exhibition Centre (BEC)
- 42,000 pre-registered visitors pouring in from across India
- 2,000 visitors from over 65 countries
- 3,250 stalls with 1,850 exhibitors, covering an expansive area of 70,000+ sq. mtrs of Exhibition Area.
National, 3rd August 2023: The much-awaited 39th edition of IIJS Premiere 2023, organized by the Gem & Jewellery Export Promotion Council (GJEPC), kick-starts today in Mumbai. This prestigious event brings together the gems and jewellery industry for an extraordinary showcase of excellence, innovation, and sustainability. IIJS Premiere 2023 promises to be the largest gathering of domestic and international buyers, offering Indian jewellery manufacturers an unparalleled platform to connect with retailers and explore product design and demand trends.
This year the IIJS Premiere is show simultaneously organised at two venues – the Jio World Convention Centre (JWCC) from 3rd to 7th August, and the Bombay Exhibition Centre (BEC) from 4th to 8th August. Combined, these venues will accommodate 3,250 stalls and welcome 1,850 exhibitors, covering an expansive area of 70,000+ sq. mtrs of Exhibition Area.
The grand opening of the show was marked with the gracious presence of Guests of honour Mr. Mike Hankey, Consul General, Consulate General of USA; Dr. Sanjay Mukherjee, IAS, Metropolitan Commissioner, MMRDA; Mr. Paul Rowley, Executive Vice President, Diamond Trading, De Beers Group; Mr. G.R. Radhakrishnan, Managing Director, GRT Jewellers India Pvt. Ltd. along with Mr. Vipul Shah, Chairman, GJEPC; Mr. Kirit Bhansali, Vice Chairman, GJEPC; Mr. Nirav Bhansali, Convener, National Exhibitions; and Mr. Sabyasachi Ray, Executive Director amongst others.
The response to IIJS Premiere 2023 has been overwhelming, with a record-breaking 42,000 pre-registrations from across India. The event will witness more than 2,000 visitors from over 65 countries, including the USA, UK, UAE, Australia, Canada, New Zealand, Fiji, Saudi Arabia, Qatar, Iran, Muscat, Italy, Bangladesh, Bahrain, Kuwait, Germany, Turkey, Singapore, Thailand, Vietnam, Cambodia, Sri Lanka, and many more. The distinguished guest list includes delegations from 16 nations, elevating the event to an unparalleled international stature.
Mr. Vipul Shah, Chairman, GJEPC, said, “Last year, the show generated business worth ₹50,000 crore, and with the current trend of a 30% increase in visitor footfalls, we are optimistic about achieving at least 30% to 40% growth in business. More exhibitors and visitors translate to more opportunities for business transactions. Additionally, the market conditions are favourable, with stable gold prices and a robust economic growth in India and the surrounding regions like the Middle East. After some initial challenges, the market has stabilised. Considering the positive response we have received so far, I think IIJS Premiere 2023 will break all records of the past in terms of doing business. This will be our most successful show till date.”
Mr. Mike Hankey, Consul General, Consulate General of USA, said, “Like the rest of the world, the United States recognises the staggering potential of the Indian economy to bring prosperity to all of its citizens and to world partners. I congratulate those in the gem and jewellery industry who are doing so much to expand that prosperity to hire and advance those from underserved communities, from women into leadership roles on their staff. The United States understands the considerable importance of the diamond manufacturing industry to India and its immense contribution to employment that I’ve seen personally.”
Mr. Paul Rowley, Executive Vice President, Diamond Trading, De Beers Group said, “India was already one of the world’s top markets, but it has also been the fastest growing major market this year. The number of middleclass households is expected to grow 30 million in the next decade alone, something like almost 15 times the population of Botswana today. It’s clear that the landscape in India will be a perfect platform for growth.”
“Two of the most important trends, we see in De Beers are around provenance and lab grown diamonds. In matters of provenance, we’re seeing a growing interest about where diamonds come from, and more importantly, perhaps the impact they have on the people and places on their journey to the consumer.”
“It’s not much of a surprise to see that natural diamonds at LGDS are rapidly diverging from each other. In such an environment of change, once again, the key to analysis to understand how to capture that opportunity.”
Mr. Nirav Bhansali, Convener, National Exhibitions, GJEPC, announced the success of the “One Earth” initiative, “Since the beginning of this year, GJEPC has embarked on a transformative journey towards environmental sustainability with the launch of the ‘One Earth’ initiative. Today, we are proud to announce that the initiative has surpassed all expectations, achieving the target of planting 1 lakh trees. This remarkable accomplishment is not only making a positive impact on the environment but also generating an astonishing Rs. 100 crore for marginal farmers, fostering robust economic growth in rural communities. Moreover, our collective efforts will lead to a reduction of 40,000 tons of Carbon dioxide, and will produce an impressive 67,000 tons of vital oxygen and create 220 acres of lush green cover, nurturing biodiversity.”
Recognizing the labour-intensive nature of this sector, the government on its part has taken several steps to boost exports. Shah said that the new e-commerce policy promises to boost retail exports, opening up exciting avenues for growth, while Strategic Free Trade Agreements (FTAs) with UAE and Australia have facilitated international trade. The Ministry is on the verge of finalising couple of more FTAs with in the near future.
Shah pointed out that the Ministry of Commerce and Industry’s backing has led to the establishment of a Mega Common Facility Center (CFC) in SEEPZ, while the Maharashtra Government’s support has paved the way for a Jewellery Park in Mumbai. The India Jewellery Park Mumbai is set to be a transformative project that propels the gem and jewellery industry in Maharashtra to new heights. Through its integrated approach, state-of-the-art infrastructure, and comprehensive support services, the Park will contribute significantly to the growth and expansion of the Indian jewellery sector. It is estimated to generate 1 lakh jobs in the sector.
These initiatives demonstrate the commitment of both central and state governments to foster the growth of this dynamic industry. With such robust governmental support, our sector shines with renewed vigor, poised for even greater achievements in the future, said Shah.
Shah announced a series of initiatives as GJEPC is hosting the India Show alongside the Hong Kong show in September, providing a valuable platform for Indian gem and jewellery businesses to showcase their offerings to international buyers.
The India Jewellery Exposition (IJEX) Centre in Dubai is yet another initiative by GJEPC, serving as a one-stop destination for the world to source Indian jewellery. This 365-day exhibition platform will promote specific categories of ‘Made in India’ gems & jewellery, reinforcing India’s leadership role in the global market.
USA accounts for 33% of India’s gem & jewellery exports. However, after the termination of India’s GSP (Generalized System of Preferences) designation by the USA, exports of around 45 gem and jewellery commodities, which were previously enjoying duty-free benefits, are now attracting duties in the USA. Shah requested the US Counsel General to look into this matter, and hoped to foster an environment that will facilitate a mutually beneficial trade relationship between the two nations.
In the presence of Mr. Paul Rowley, Executive Vice President, Diamond Trading, De Beers Group, Shah said that there is a need to further boost the generic promotion of diamonds. De Beers and GJEPC share a common vision of enhancing the overall appeal and desirability of diamonds. By joining forces, we can leverage our collective expertise and resources to create impactful marketing campaigns that resonate with consumers globally, nurturing a deeper appreciation for diamonds as cherished symbols of love, beauty, and enduring value, he added.
IIJS Premiere 2023 is all set to make history as it goes completely paperless. Embracing sustainability and convenience, attendees can now enjoy the ease of fully digital badges, taking a giant leap towards eco-consciousness.
IIJS is introducing an initiative, Innov8 Global, for the first time, facilitating tailored product-specific matchmaking between international buyers and manufacturers. This innovative platform aims to enhance business interactions and foster productive partnerships like never before.
Retailers, get ready to experience the “Prime” Visitor Package, offering VIP access to the show! With priority access, a high-speed WiFi zone, a dedicated Prime Lounge, and a special Help Desk, this package promises to elevate your experience to the next level.
As the curtains rise on IIJS Premiere 2023, the gems and jewelry industry gears up for an unparalleled event, showcasing exquisite craftsmanship, cutting-edge designs, and a commitment to environmental sustainability. We look forward to welcoming you to this exceptional extravaganza!
At the Jio World Convention Centre (JWCC), prepare to be dazzled by an extraordinary showcase of 500 exhibitors occupying 700 booths, presenting a stunning array of diamond, gemstone, and studded jewellery, including gold and gold CZ studded jewellery. In addition, JWCC features exclusive sections dedicated to loose diamonds, lab-grown diamonds in both loose and jewellery forms, laboratories, and education for diamonds and loose stones.
In line with its commitment to sustainability and convenience, IIJS Premiere 2023 has taken a giant leap towards eco-consciousness by going completely paperless. Attendees now enjoy the ease of fully digital badges, making their participation seamless and environmentally friendly.
The organizers have gone the extra mile to ensure the comfort and convenience of exhibitors and visitors alike, securing an astounding 10,000 room nights across 25 hotels.
Among the show-stopping features lined up, attendees can look forward to the highly anticipated innov8 talks at both venues – JWCC and BEC, offering insightful discussions on the industry’s latest trends and innovations. Moreover, IIJS Premiere 2023 is celebrating the future leaders in the industry with its “40 under 40” program, acknowledging outstanding talent and recognizing the best of the best.
Highlighting the achievements and contributions of the industry, IIJS celebrated leading retailers and industry icons at the IIJS Celebration Night, paying tribute to the true shining stars of the gems and jewellery world.
Retailers are in for a treat with the exclusive “Prime” Package, which grants VIP access to the show, offering priority entry, access to a high-speed WiFi zone, a dedicated Prime Lounge, and a special Help Desk, elevating the overall experience to the next level.
IIJS Premiere 2023 continues to impress with its remarkable statistics and impressive offerings, bringing together the world’s gems and jewellery industry in a dazzling extravaganza that showcases the very best in craftsmanship, innovation, and global connections.

DiamondBuzz
U.S. couples spent 5% less on engagement rings in 2024 : The Knot

In recent years, the engagement ring market has witnessed significant changes, particularly in consumer spending and gemstone preferences. According to a report by The Knot, U.S. couples spent approximately 5% less on engagement rings in 2024 compared to the previous year. The average cost of an engagement ring fell from $5,500 in 2023 to $5,200 in 2024, marking a 10% decline from 2022 and a 13% decrease from 2021. This trend aligns with the increasing preference for lab-grown diamond center stones, which, for the first time, accounted for more than half of all engagement rings purchased. The shift towards synthetic diamonds has surged by 40% since 2019, contributing significantly to the downward trend in overall spending on engagement rings.
The rise in demand for lab-grown diamonds is not only reducing costs but also influencing the size of center stones. While the average cost of a natural diamond engagement ring remains at $7,600, couples who opt for lab-grown alternatives tend to select larger stones. In 2024, the average engagement ring center stone measured 1.7 carats, an increase from the 1.5-carat average in 2021. This shift suggests that couples are prioritizing carat size while seeking more affordable alternatives to mined diamonds. Additionally, shape and metal preferences have remained relatively stable, with round and oval cuts being the most popular, and white and yellow gold accounting for over 70% of engagement ring settings. Notably, yellow gold has increased in popularity by 5% year-over-year, while white gold has declined by 3%.
Beyond gemstone and metal choices, setting styles are also evolving. Prong settings continue to dominate, with 35% of respondents selecting this classic option. However, the hidden halo setting—a cluster of diamonds encircling the base of the center stone—has gained traction, capturing 18% of the market and surpassing the traditional halo setting, which saw a decline to 13%. This trend reflects a shift in aesthetic preferences among modern couples who seek a balance between timeless elegance and contemporary design. Moreover, the engagement ring purchasing process has become more meticulous. Over half of proposers spent between one and four months researching and selecting a ring, with a quarter taking even longer. The increase in shopping duration correlates with a rise in the number of jewelers visited. On average, proposers explored five stores in 2024, compared to just two in 2022 and 2023, underscoring the importance of in-person evaluation before making a purchase.
The engagement ring industry continues to adapt to evolving consumer behavior, as financial considerations, ethical concerns, and aesthetic trends shape purchasing decisions. With lab-grown diamonds offering an affordable yet visually identical alternative to natural diamonds, the shift in spending and preferences is likely to persist. As couples become more discerning and invested in the selection process, the future of the engagement ring market may see further innovations and adjustments to meet the needs of modern consumers.
BrandBuzz
Taapsee Pannu & Sania Mirza Unveil Aukera’s Signature Collection: Echoes of Choice
The exclusive launch event at President, IHCL SeleQtions Mumbai marks the debut of Aukera’s empowering “Echoes of Choice” collection, celebrating women’s strength, individuality, and fearless decisions.

Aukera, India’s leading lab-grown diamond jewellery brand, unveiled its highly anticipated Echoes of Choice Signature Collection at an exclusive press event held at President, IHCL SeleQtions Mumbai today. This collection is part of Aukera’s My Choice My Voice campaign, which inspires and empowers women to own their decisions and stand by their beliefs. The powerful slogan, “My Choice. My Voice,” calls on women everywhere to redefine empowerment.
The launch event was graced by actress Taapsee Pannu and tennis icon Sania Mirza, the faces of Aukera’s campaign.
The Echoes of Choice collection draws inspiration from the idea that a single choice, much like a sound wave, reverberates, creating a lasting impact. The collection transforms the power of choice into exquisite jewellery, featuring rings, hoops, bracelets, and pendants crafted in 18K gold. It also debuts Aukera’s signature E3 Diamond, a specially engineered cut that reflects the brilliance and resilience of every woman. Each piece is designed to mirror the peaks of a sound wave, symbolizing strength, courage, and the ripple effect of the fearless choices women make.
Lisa Mukhedkar, Founder & CEO of Aukera, emphasized that the brand is not just a jewellery line but a movement for freedom and self-expression. “Echoes of Choice is a collective campaign that empowers women to make choices and reject compromises. We’ve tried to recreate women’s qualities of individuality and purpose through the aesthetics of this collection. Sania Mirza and Taapsee Pannu are trailblazers who have made bold choices in both their personal and professional lives, reflecting our brand’s core values. We trust women will enjoy this collection as much as we enjoyed creating it.”

Tennis icon Sania Mirza passionately affirmed, “I believe in making my own choices. The Aukera Echoes of Choice—worn on my right hand—is a symbol of strength and determination.”
Filmfare Award Winner, Actor Taapsee Pannu proudly shared, “I stand by my choices. The Aukera Echoes of Choice on my right hand represents confidence and individuality.”

The Echoes of Choice campaign has been sparking nationwide conversations through curated storytelling, exclusive appearances, and digital engagement. Backed by a combination of print, digital, radio, in-store, and outdoor promotions, the campaign amplifies the voices of women who dare to make bold choices. The collection has already created waves with women across the country echoing My Choice, My Voice, Aukera.
DiamondBuzz
China Reignites Diamond Demand, Boosting Indian Traders and Prices
After a two-year hiatus, Chinese buyers return to purchasing Indian-cut diamonds, sparking optimism for Surat’s diamond industry and boosting rough diamond prices.

After nearly two years of inactivity, China has resumed purchasing diamonds cut and polished in India, rekindling hope for Indian diamond traders and positively influencing rough diamond prices. This resurgence in demand, marked by Chinese buyers replenishing stocks at the Hong Kong International Jewellery Show (March 4-8), is expected to rejuvenate diamond production in Surat, India’s diamond cutting and polishing hub, and provide a much-needed boost to the country’s diamond exports.
China, which had primarily focused on buying gold during the past two years, is India’s second-largest diamond export market after the United States. This renewed interest is particularly significant for Surat, where diamond production had stagnated without Chinese orders. India currently handles the cutting and polishing of nine out of ten diamonds sold worldwide.
The mood at the recent Hong Kong Jewellery Show was notably more optimistic than the last event in September, with Chinese buyers showing more interest after a period of reduced spending on diamonds, driven by the belief that gold holds more value. Despite this cautious optimism, diamond exports to Hong Kong, the primary route for Indian exports to China, have dropped significantly—down 28% in FY24 and a further 60% through February of this fiscal year.
With Chinese demand starting to pick up, rough diamond prices have surged by 3-4%. “While we remain cautiously optimistic, we are unsure how long this recovery will last,” said Kirit Bhansali, chairman of the Gem & Jewellery Export Promotion Council. “The market dynamics are shifting, and we are adjusting our expectations accordingly.”
Although the Hong Kong show showed signs of recovery compared to the September 2024 event, industry leaders acknowledge that the diamond market has recalibrated. Turnovers for jewellery companies are now about 30% to 40% lower than previous years, suggesting that stakeholders must adapt their strategies to the new normal.
-
BrandBuzz2 days ago
Taapsee Pannu & Sania Mirza Unveil Aukera’s Signature Collection: Echoes of Choice
-
International News21 hours ago
Epitome of masterful craftsmanship: Paris Couture Week 2025 dazzled exquisite high-jewellery collections
-
DiamondBuzz21 hours ago
U.S. couples spent 5% less on engagement rings in 2024 : The Knot
-
International News23 hours ago
Optimism Soars at 2025 Hong Kong Jewellery Shows, Surpassing Market Expectations