November 2009 Vol. No.: VII | Issue: 3  
 
 
First Indo-Euro Jewellery Summit
 
Showcasing Indian manufacturers and finished jewellery products
 

The Gem and Jewellery Export Promotion Council (GJEPC) has unveiled the official launch of the first Indo-Euro Jewellery Summit, which is been held this month in Mumbai through 18th to 22nd November, 2009. "The Indo-Euro Jewellery Summit 2009 aims to create a powerful meeting platform between the leading Indian jewellery manufacturers and European retailers. This platform will help its participants to showcase their versatility in the trade and provide a unique opportunity to form winning partnerships between India and Europe", says Mr. Vasant Mehta, chairman, GJEPC.

This Summit targets leading jewellery retailers in Europe having chain stores in the UK, France, Spain, Germany and Italy. The names of the participating retailers include Club des Joailliers createurs, F. Hinds, Goldmeister, Jose Luis Joyerias, Le Donjon, Piery, Yes Bizuteria, The Company of Master Jewellers, Synalia, Megalithes (Althair) and Les Nouveaux Bijoutiers.

The Indo-Euro Summit is focused for European Union (EU) markets to encourage sourcing of finished jewellery from India. The EU presently consists of 27 countries that include Austria, Belgium, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, The Netherlands, Poland, Portugal, Slovak Republic, Slovenia, Spain, Sweden, UK, Bulgaria and Romania. As per the figures on eubusiness.com, EU-India trade has grown impressively over the years, from €4.4 billion in 1980 to over €46 billion in 2006.

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GJEPC Exclusive: Exports October 2009

(India) 8 percent decline in total exports

According to the provisional figures received from the Gem and Jewellery Export Promotion Council (GJEPC) for October 2009, the total export for this month stands at US $2114.45 million (Rs 9879 crores) as compared to US $2296 million (Rs11,167 crores) last year. There is an overall decline of almost 8 percent.

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IIJS Signature 2010: Separate Loose Diamond & Colourstone Section

From 19th to 22nd February, 2010

The third edition of IIJS Signature, a by-invitation-only luxury jewellery event organized by the Gem & Jewellery Export Promotion Council (GJEPC), is slated from 19th to 22nd February, 2010, at Kala Academy, Goa. This time IIJS Signature is introducing a separate exhibition section for loose diamonds and coloured gemstones in addition to the jewellery section. Thus, jewellery exhibitors will not be allowed to display loose diamonds at their stalls.

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Third Edition of Indo-China Diamond Buyer-Seller Meet In Beijing
From 9-11 November, 2009

After the stupendous success of the Gem and Jewellery Export Promotion Council (GJEPC)'s previous editions of Indo-China Buyer-Seller Meet (BSM) in Shanghai in the year 2007 and Shenzhen in the year 2008, the Council had organized the third edition in Beijing from 9-11 November, 2009.

Considering the success that the two earlier BSMs had achieved, it was envisaged that there was a need of organizing more such BSMs to cater to the ever-growing Chinese diamond industry. Also, based on the visit of the GJEPC delegation to Shanghai during May 2009, it was realized that China has a huge demand for loose diamonds and colour gemstones and hence it was seen as a huge opportunity for members to increase their database of Chinese buyers and build-up the country's exports to China.

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Marketing Diamond Jewellery in India

At times, marketing a product would be easy, but, not as easy to market diamond-studded jewellery to Indian women who have been traditionally obsessed with buying and wearing only gold ornaments. It was a real challenging task for me. Nevertheless, over the last decade, I have been able to introduce some of the most successful brands of Indian diamond jewellery like Nakshatra, Asmi, Arisia, Sangini and Forevermark. My own business and marketing strategy consultancy Blue Skies Business Management Group (BSBKG) services the gems and jewellery industry. Currently, I am associated with the Gem & Jewellery Export Promotion Council’s (GJEPC) Anant campaign, an initiative to market diamond-studded jewellery in the domestic market.

I feel that any marketing plan should start and end with a consumer’s need and want in mind. The truth about diamond jewellery is that “no woman needs diamond jewellery but every woman wants one.

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From The Chairman's Desk

I am happy that the Gems and Jewellery Export Promotion Council was able to organize two big events this month to promote and market Indian diamonds and diamond-studded jewellery across the globe. The on-going first-ever Indo-Euro Jewellery Summit in Mumbai and the recently concluded Indo-China Buyer-Seller-Meet (BSM) in Beijing, aimed to create a powerful meeting platform between leading Indian jewellery manufacturers with the rest of the world, has been very satisfying and able to meet our expectations. This will surely help in showcasing versatility in the trade. I had also been looking forward to the outcome of the Kimberly Process (KP) meeting and the combined meeting of the World Federation of Diamond Bourses (WFDB) and International Diamond Manufacturers Association (IDMA) at Antwerp and can say that it has been satisfying as well. The attending IDMA and WFDB presidents have stated that any human rights abuses linked to diamond mining and processing cannot and will not be tolerated at any cost. This surely is a piece of good news.


Events
21st International Jewellery Tokyo (IJT) 2010
Date: 21st to 24th January, 2010
Venue: Tokyo Big Sight, Japan
Date: 17-21 November, 2009

About the show: The exhibition is the largest international jewellery trade show in Japan in areas of Japan's jewellery industry and is held annually. 1,500 companies will exhibit and 38,000 buyers will visit at IJT 2010. 550 overseas companies from 35 countries worldwide are expected to exhibit at IJT 2010, including 11 national pavilions.

Concurrently, with the 21st International Jewellery Tokyo 2010, Tokyo International Watch Fair (TIWF) will also be held.


Notice for members
Members are requested not to sign or send or make any payment to construct data/exhibitors fair guide for free listing/publicity to attract buyers.

They have sent letters and emails to the GJEPC members who have exhibited at IDCS 2009 & IIJS 2009.

The bottom of the letter states by signing and returning this letter you are responsible for a payment to them for US$ 1,717 per year for the next 3 years. In the past, some members have signed and returned this order without reading the complete letter and have been harassed with collection/outstanding letters and threats of legal action.

The Council does not have any contact or contract with these fake companies for any type of promotions and recommends you to ignore all communications from them unless you intend to get into a contract with them.

Members are requested not to be misled by any false claims from such organizations.
 
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