Kolkata,By Payel Das: UBM India, the largest organizer of jewellery fairs in India, today announced the third international B2B jewellery fair in Eastern India – the Kolkata Jewellery & Gem Fair ( KJGF ) which is scheduled to be held between 8th – 10th April, 2017 at Milan Mela, Kolkata. The expo is expected to draw over 150 exhibitors from across the country, especially the jewellery hub of East India and the neighbouring countries of South East Asia.
The 3rd edition of KJGF will be a three-day expo poised to raise benchmarks and fuel trade for the jewellery industry in India. The exhibitors participating this year comprise manufacturers, wholesalers and dealers of Diamond, Gold, Silver, Gem stones, Machinery, Packaging & Allied services, and representatives from trade and government organisations. Coinciding with the start of the seasonal festivities and the summer wedding season, KJGF 2017 is suitably timed, just before Poila Baishakh, the Bengali New Year, and the auspicious Akshaya Tritiya.
Well-supported by the Government of West Bengal and key associations like Calcutta Gem & Jewellery Welfare Association (CG&JWA), Bangiya Swarna Shilpi Samity (BSSS) and Swarna Shilpa Bachao Committee, KJGF promises to provide an excellent platform for buyers and suppliers to connect, network, exchange ideas, discover upcoming trends and generate business opportunities. Internationally, buyers from Sri Lanka, Nepal, Bangladesh and the U.S. will mark their presence at the event. As a precursor to the expo, Road Shows and Shop-to-Shop activities will be held across East India in cities such as Bankura, Guwahati, Patna, Raipur, Jamshedpur and Ranchi.
The expo will present a rich array of intricately designed and handcrafted jewellery that the state is famed for, including sets in diamonds, pearls, gemstones, and gold along with related products and services. Apart from traditional bridal pieces like Chandbalis, Choor, Ratanchoor, Mantasha, Saptalahari, Hansulis, Nabaratna sets, Kundan, Polki and Meenakari sets, among others, a significant amount of gemstones in Kolkata is also used for astrological purposes in the form of Graharatna jewellery.
The retail market of the city and its suburbs is pegged at an approximate Rs 3,000 crores. Although old family jewellers continue to receive patronage, the new global order is decidedly about superior customer experience, ease of transactions, and cultural rootedness, with an eye on international trends, thus encouraging the presence of organised retailers in the market. Millennials in general are moving from stereotypes to classy, affordable bespoke pieces. Accordingly, the trend of remodelling heirloom jewellery into customised pieces and a bias towards light weight gold jewellery is observed.
The notable exhibitors participating in this year’s edition include Unique Chains Private Limited, B.C. Jain Jewellers Pvt. Ltd, Indian Gem & Jewellery Creation Pvt Ltd, Jagdamba Chains Pvt. Ltd., AB Jewels, L Gopal & Sons, Sonar Bangla Jewellers Pvt. Ltd., Occi – Ori Jewels Pvt Ltd, Shree Siddhi Vinayak Jewellers, Harshwardhan Gems, Jewel India, Jai Gulab Dev, Royal Chains Pvt. Ltd., R.G. Bangle Private Limited, Bond Forever, Emerald Jewel Industry India Ltd. and Dharmanandan Diamonds Pvt. Ltd.
For the first time ever, UBM India is organising a unique felicitation programme for select Bengal kaarigars for their contribution to the trade. The felicitation would include a remuneration to promote the craftsmanship of the kaarigars. Significantly, as a part of the organisation’s sustainability drive, UBM India is also setting up a special fund for the welfare of the kaarigar community. The initial seed money will be presented by UBM India to cater to the community’s welfare needs such as education, hospitalisation etc.
The KJGF 2017 is one of the four-city jewellery shows (the others being Chennai, Hyderabad and Delhi) hosted throughout the year by UBM India to tap the potential of the Indian jewellery and gems market.
Speaking on the ever-growing prospects of the jewellery industry in East India, Yogesh Mudras, Managing Director, UBM India Pvt. Ltd. said, “We are delighted to make a renewed foray into the Eastern India jewellery market and provide a significant boost to the trade by congregating key manufacturers, retailers and associations in this segment. The East is known for its rich legacy in jewellery and its skilled kaarigars. We are extremely keen to safeguard this tradition in the face of economic changes, and further promote it to the world through contemporary, innovative means. We are especially enthused about the special fund that we are starting for the Bengal artisans in this regard and believe every step taken in the sustainability mission counts.
“The Indian Gems and Jewellery industry has a Compound Annual Growth Rate (CAGR) of 15.95 per cent over the period 2014-2019. There are abundant opportunities in this vertical which is also export-oriented and labour intensive, deeming India the hub of the global jewellery market. Echoing the principles of demonetisation and GST, the jewellery sector is keen to bring in transparency. It is thus extremely important that the community meets under one platform to discuss these changes, and strategise on ways to overcome the challenges that these may have brought about,” he added.
Speaking on the occasion of the 3th edition of KJGF, Mr. Ashok Bengani, President, CG&JWA said, “The 3rd edition of the mega jewellery show KJGF’17 is soon to be unveiled. CG&JWA is very proud of the constant success of KJGF as Eastern India’s largest B2B show held in association with UBM India. This year too, we have received an overwhelming response by wholesalers & retailers to attend the show and manufactures to showcase their ethnic and artistic creations.”
“We believe that the now improved economy has boosted the buyers’ purchasing power and the KJGF is due to be held just a few weeks before the summer wedding season and auspicious festive occasions. We are confident that the KJGF will be replete with genuine buyers from neighbouring states & countries. More than 150 exhibitors from India and abroad have already confirmed their presence at the show, having stocked up on the latest, most impressive jewellery creations. The KJGF is truly an ideal platform to exchange business ideas and opportunities to grow in all the categories of the Gem & Jewellery sector. I wish for all of us to explore and benefit from this significant business opportunity together,” he added.
About UBM India:
UBM India is India’s leading exhibition organizer that provides the industry with platforms that bring together buyers and sellers from around the world, through a portfolio of exhibitions, content led conferences & seminars. UBM India hosts over 25 large scale exhibitions and 40 conferences across the country every year; thereby enabling trade across multiple industry verticals. A UBM Asia Company, UBM India has offices across Mumbai, New Delhi, Bangalore and Chennai. UBM Asia is owned by UBM plc which is listed on the London Stock Exchange. UBM Asia is the leading exhibition organizer in Asia and the biggest commercial organizer in mainland China, India and Malaysia. For further details, please visit ubmindia.in.
About UBM plc:
UBM plc is the largest pure-play B2B Events organiser in the world. In an increasingly digital world, the value of connecting on a meaningful, human level has never been more important. At UBM, our deep knowledge and passion for the industry sectors we serve allow us to create valuable experiences where people can succeed. At our events people build relationships, close deals and grow their businesses. Our 3,750+ people, based in more than 20 countries, serve more than 50 different sectors – from fashion to pharmaceutical ingredients. These global networks, skilled, passionate people and market-leading events provide exciting opportunities for business people to achieve their ambitions.
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