Against the backdrop of an evolving global trade landscape, the International Gem & Jewellery Show (IGJS) Jaipur 2025 concluded, underscoring India’s steadfast commitment to its vital gem and jewellery sector. The fourth edition of this premier B2B event, a key initiative of the Gem & Jewellery Export Promotion Council (GJEPC), was held from April 3rd to 5th at the Novotel, Jaipur Exhibition and Convention Centre (JECC), with SECURE as the trusted logistics partner.
The timing of this year’s event carries particular significance, unfolding shortly after the announcement of a 27% reciprocal tariff by the US administration on Indian exports. This development highlights the inherent resilience and strategic adaptability of the Indian gem and jewellery industry as it navigates the complexities of the current global trade dynamics.
Grand Inauguration and Dignitary Presence:
The inauguration of IGJS Jaipur 2025 was marked by the presence of esteemed dignitaries, including Retired Major General Anuj Mathur; Mrs. Shilpi R Purohit, Joint Commissioner, District Industries Centre, Government of Rajasthan; Mr. Gaurav Joshi, Joint Director & HOO, MSME – Development Institute, Ministry of MSME Jaipur; Mr. Shaunak Parikh, Vice Chairman, GJEPC; Mr. Yogendra Garg, Regional Chairman (Rajasthan), GJEPC; Mr. D.P. Khandelwal, Convener, Coloured Gemstone Panel, GJEPC; Mr. Krishna Behari Goyal, Convener, Silver Panel, GJEPC; Mr. Arvind Gupta, Convener, SEZ Panel, GJEPC; and Mr. Siddhartha H, COO, GJEPC.
A Platform for Global Partnerships:
In his keynote address, GJEPC Vice Chairman, Shaunak Parikh, underscored the critical role of IGJS Jaipur 2025 in fostering vital international collaborations and strategically expanding India’s global market presence. “This year, we are proud to host over 50 leading companies across 62 booths, warmly welcoming more than 180 discerning international buyers representing 28 countries, spanning the USA, UK, Europe, Oceania, MENA, Russia, and the CIS regions,” stated Mr. Parikh. He emphasized the show’s significance as a “premier business-to-business platform meticulously designed to promote collaboration, vigorously drive trade, and unlock a wealth of new opportunities within the dynamic world of gemstones and fine jewellery.”
Addressing the industry’s concerns regarding the recently imposed US tariff, Mr. Parikh acknowledged its potential for a significant impact on India’s substantial $10 billion gem and jewellery exports to the US market. While anticipating potential short-term challenges, he also noted the long-term possibility of a reshaping of global supply chains. He urged the US to uphold the spirit of the enduring trade partnership, built on mutual respect and shared economic interests, that has long characterized the relationship between the two nations. Furthermore, he called upon the Government of India to prioritize the advancement of the Bilateral Trade Agreement with the US as a crucial step in effectively mitigating the tariff issues and securing the long-term interests of the sector. Mr. Parikh assured that the GJEPC is actively engaging with key stakeholders to address potential risks and proactively explore strategic solutions to ensure continued access to the vital US market, while maintaining a steadfast commitment to working closely with the government on crucial trade negotiations.
Strengthening Jaipur’s Position as a Global Hub:
Discussing Jaipur’s strategic importance, Parikh noted, “GJEPC is committed to elevating Jaipur’s gem and jewellery industry to new heights.”
He outlined plans to establish a Special Notified Zone (SNZ) in Jaipur for direct sourcing of rough gemstones, replicating successful models from Bharat Diamond Bourse and Surat Diamond Bourse.
He also announced the upcoming India Rough Gemstone Sourcing Show (IRGSS), scheduled from 11th to 30th April 2025, which will facilitate a steady supply of rough gemstones to manufacturers.
Yogendra Garg, Regional Chairman (Rajasthan), GJEPC, shared updates on the development of the Jaipur Gem Bourse, a world-class trading facility being built in collaboration with the Jewellers Association, Jaipur, and the Government of Rajasthan. Spread across 43,828 square meters, the Bourse is expected to create 60,000 jobs and significantly boost exports, transforming Jaipur into a global powerhouse for gems and jewellery.
Charting the Future:
By connecting global buyers with Indian manufacturers, IGJS Jaipur 2025 is playing a critical role in reinforcing India’s position as a trusted sourcing hub amidst complex trade dynamics. GJEPC remains optimistic that initiatives like IGJS will not only bolster existing trade relations but also open new avenues for growth across emerging markets worldwide.