GJEPC begins second Indo Euro Jewellery Summit

The Gem and Jewellery Export Promotion Council of India (GJEPC) is organising the second edition of the Indo Euro Jewellery Summit, from today April 27 until April, 30, 2010. The Indo Euro Jewellery Summit 2010 has increased in its scope since its first edition last year, and is inviting new segments of the European jewellery retail market, including Scandinavia, Letland, the Czech Republic, France and the Benelux.

The Summit was conceptualised to allow European participants gain first hand experience of the potential and versatility of the Indian jewellery manufacturing industry. Indian participants include Bombay Jewellery Manufacturers, Dimpex Jewels Pvt Ltd, Elegant Collection, Fine Jewellery Manufacturing Ltd, Dinurje Jewellery Ltd, Inter Gold (India) Pvt Ltd, Intercarat Jewelry Pvt Ltd, Jewel Art, Jewelex India Pvt Ltd, KBS Designs, Mohit Diamonds Pvt Ltd, Patdiam Jewellery Pvt Ltd, Priority Jewels Pvt Ltd, Shankar Jewels Ltd and Sunjewels International Ltd.

Mr. Vasant Mehta, Chairman, GJEPC delivered the inauguration speech at the Indo-Euro Summit today. He said, “I welcome our esteemed retailers from Europe, Mr. Philip Van Laere, our consultant for European Market, leading Indian Manufacturers & friends from media to the inauguration of the 2nd Indo Euro Summit here in Mumbai. Friends, India is important, Indian jewellery is important and so are the Indian diamantaires and jewellers. With the industry reaching the pinnacle of diamond manufacturing globally, and progressing towards being the fastest growing jewellery market, it is difficult for any associated with the trade to miss this burgeoning destination.”

He further added “Whereas the first Summit has seen strong participation from the most important West European countries, we now made a successful effort to attract the major retailers from Northern and Eastern Europe. This will present a major opportunity for some of the 15 participants from India to make major inroads into the European markets. For many retailers, this will be their first exposure to the very best of Indian manufacturing companies, and I am convinced they will be impressed by the design skills, operating efficiency and commercial acumen of modern Indian jewellery manufacturing. I look forward to a very animated Summit, with lots of business potential ahead.”

The Summit this year will deliver interactive sessions through seminars, presentations, facilitated discussions and targeted factory visits (enabling them to sample jewellery products which correspond to their respective markets.) “The meet reaffirms our commitment to the global market that the Indian Gems and Jewellery Industry is growing and is more than capable of serving the demands of markets all across the world. This meet also reaffirms key relationships and partnerships between emerging markets such as ours and those looking to us as market leaders and precursors”, said Mr. Vasant Mehta.

The GJEPC had released India’s gem and jewellery exports for FY’ 2009-10, which indicated a 16 percent growth over the previous year.