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SILVER SHOW OF INDIA- 4th Edition concludes on a high note

Serious buyers, brisk business, and a big boost to the silver jewellery and artefacts segment

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The 4th edition of SILVER SHOW OF INDIA (SSI) – India’s Biggest Silver Specific Trade Show held at Bengaluru from 15-17 December 2023 was an astounding success. SSI was all about serious buyers, brisk business; the show was truly instrumental in providing a big boost to the silver jewellery and artefacts segment.

The SSI was formally inaugurated by Chief Guest M Chandra Sekhar, IPS , Addl DGP- Internal Security Division, Bengaluru along with Guest of Honour   T A Sharavana, MLC, Govt of Karnataka.

Present at the inauguration were Suresh Ganna, President -JAB, Srikanth Kari, Chairman KJF,Dr Chetan Kumar Mehta, Chairman, Organization Committee SSI, National VP, IBJA and VP-JAB, Bipin Mehta,Hon Secretary -JAB, Tushar RV, Hon Treasurer-JAB, Praveen K Oswal, Jt Sec JAB alongwith board members and mentors of JAB– and  stalwarts and dignitaries of the GJ industry.

SILVER SHOW OF INDIA is organized and promoted by GES India Inc. SSI is presented by JAB and supported by IBJA and KJF, Bangalore.

Silver Show of India saw nearly 300 exhibitors participating in the event. There was an overwhelming response from the trade with around 10,000 visitors from Karnataka and across the country including silver hubs like Rajkot and Agra.

Dr Chetan Kumar Mehta, Chairman, Organization Committee SSI said, “The response was overwhelming with over 10, 000 visitors from across the country. The success of the show underlines the fact that SSI is one of the premium jewellery trade shows in the country. The range and variety of products, the master craftsmanship and artistry on display is truly astounding. I thank the exhibitors, retailers, trade associations and every well-wisher who has contributed to the success of SSI.”

Nishtashri Srinivasan, Director at Emerald Jewels Industries India Ltd said “ We are always excited to be at SSI, the true platform for silver jewellery . SSI is the show that that has given recognition to the jewellery industry.”

Nitesh Jain, Purple Jewels said “WE thank GES, JAB for giving silver jewellery a platform like SSI. We thank them for getting us out of our shell; out of the shadow of gold jewellery.”

SSI was astounding with its wide range and variety of silver jewellery and artefacts.  All categories of silver jewellery, from mass to premium were on offer. Also on offer were silver payals, kamarpathi, temple jewellery, idols, mandirs, utensils and exquisite silver artefacts and masterpieces.

There was a buying frenzy, with some exhibiting manufacturers saying they have huge orders; some said their stock was exhausted in the first two days.

Visitors from across the country said that they had a great experience – thrilled to be at SSI. They were astounded by great variety at SSI– fantastic artisanship and marvellous, never seen before designs.

Silver trade shows like SSI have contributed in driving the growth of silver jewellery and artefacts. A cross section of retailers at SSI said that they will now have to place a greater focus on silver which was not done before and present it to customers in an interesting manner.

SSI has given silver the prominence it deserves and put the spotlight on silver. Exhibitors and visitors alike expressed that this is silver’s moment. Some other comments included: Silver is versatile; it is a trendsetter, it is a fashion statement. The future of silver is bright.

Box item

SSI SUFI NIGHT: A scintillating evening of networking, music and glam

The soul stirring sufi singers, their energetic renditions set the stage for a great evening. The evening saw exhibitors, visitors and dignitaries of the trade and industry.

SSI SUFI NIGHT was an evening of music, models in dazzling jewellery gracing the ramp, an opportunity to meet up with friends, networking for business and more.

It was an evening where the SSI team recognized and honoured all well-wishers, supporters and everyone who contributed to SSIs success.

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India’s Major Retail Jewelers See Double Digit Revenue Growth

Growth Points To Robust Momentum Ahead Of The Crucial Third-Quarter Holiday Season.

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India’s major listed jewelers are shrugging off a shift in the traditional holiday shopping calendar, reporting revenue growth between 22% and 28% for the quarter ended September on the back of resilient consumer appetite and higher average customer spending.

Industry giants including Titan Co., Kalyan Jewellers India Ltd., P N Gadgil Jewellers Ltd., and PC Jeweller Ltd. posted broad-based sales gains in business updates to stock exchanges, pointing to robust momentum ahead of the crucial third-quarter holiday season.

The strong second-quarter numbers come despite a calendar quirk: Navratri, the nine-night festival that typically kicks off peak seasonal gold buying, fell in October this year rather than September. That shift is expected to push a significant volume of traditional holiday sales into the quarter ending in December.

Kalyan Jewellers posted a consolidated revenue increase of more than 26% year-over-year, buoyed by a 27% surge in its domestic operations and a 20% rise in same-store sales. Its international operations expanded 18%, while its digital lifestyle arm, Candere, saw sales jump 64%. The company noted that domestic operations maintained strong momentum even against a tough comparison from the year-ago period, when the entire Navratri festival landed in the second quarter.

The revenue growth reflects both steady store expansion and higher ticket sizes. At Tata Group-owned Titan Co., which operates the Tanishq and Zoya brands, total jewelry sales rose approximately 21%.

While buyer volume growth tracked in the mid-single digits, average spend per transaction rose by double digits. Sales of studded, higher-margin jewelry led the way with growth in the low 30s percentage range, outstripping a 20% gain in plain gold items. Titan’s digital-first brand, CaratLane, posted a 32% rise in sales.

Strategically, several retailers are intentionally pivoting away from low-margin bullion toward high-margin studded items and branded pieces. P N Gadgil Jewellers, which logged 22.4% overall revenue growth and a 31.1% gain in its core retail segment, saw e-commerce sales fall sharply by 83.6% after deliberately trimming back online sales of low-margin gold coins.

Consequently, gold coins and bars made up 15.8% of P N Gadgil’s retail revenue during the quarter, down from 23.3% a year earlier—a mix shift executives say will sustain higher profitability.

Meanwhile, Delhi-based PC Jeweller posted a consolidated revenue gain of roughly 28%, citing sustained underlying demand across key urban markets.

With fundamental demand holding firm despite elevated gold prices, market analysts expect the delayed start to the Hindu festive season to set up Indian jewelers for a particularly lucrative December quarter.

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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.

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