Latest news with #SAJEX
Fashion Value Chain
4 days ago
- Business
- Fashion Value Chain
GJEPC Launches SAJEX to Boost Exports to Saudi Arabia
In a significant move to boost India's gems and jewellery exports, the Gem & Jewellery Export Promotion Council (GJEPC), supported by the Ministry of Commerce & Industry, Government of India, has launched SAJEX – The Saudi Arabia Jewellery Exposition. This first-of-its-kind B2B jewellery trade show in the Kingdom is set to take place from 11th to 13th September 2025 at the Jeddah Superdome. The initiative is part of GJEPC's strategy to diversify into high-growth markets, with Saudi Arabia's jewellery market projected to nearly double from USD 4.56 billion in 2024 to USD 8.34 billion by 2030. SAJEX aims to tap into the demand for 18K and 21K gold, diamond-studded jewellery, and premium design-led products driven by the country's young, urban demographic and thriving luxury retail sector. With over 200 exhibitors from India, Saudi Arabia, UAE, Turkey, Hong Kong, and Lebanon, and 2,000+ international buyers expected, SAJEX will showcase a vast array of jewellery—ranging from bridal to pret, gemstone and diamond-studded, lab-grown diamond jewellery, and cutting-edge jewellery technology. A major highlight of the event is the World Jewellery Investment Forum, co-hosted by GJEPC and the Ministry of Investment of Saudi Arabia, bringing together government officials, investors, and global brands to explore sector-wide collaborations. Dr. Suhel Ajaz Khan, Ambassador of India to Saudi Arabia, remarked: 'India and Saudi Arabia share a strategic and deep-rooted relationship, and SAJEX reflects this evolving bond… This initiative opens new avenues for bilateral partnerships… and contributes meaningfully to Saudi Arabia's Vision 2030 goals.' Fahad Ahmed Khan Suri, Consul General of India in Jeddah, said: 'SAJEX 2025 is more than just an exhibition — it is a symbol of the growing partnership between India and Saudi Arabia… This platform sets the stage for a vibrant and collaborative jewellery ecosystem.' Kirit Bhansali, Chairman of GJEPC, added: 'SAJEX is a proactive step towards expanding India's jewellery exports to high-potential markets like Saudi Arabia… This partnership is set to reshape the industry and set new benchmarks for collaboration, innovation, and growth.' SAJEX 2025 will also feature curated networking sessions, design ateliers, knowledge talks, and strategic B2B matchmaking, reinforcing Saudi Arabia's aspirations to become a jewellery innovation and investment hub under its Vision 2030 roadmap.
Time of India
6 days ago
- Business
- Time of India
Jewellery sector eyes Middle East as US tariff threat grows
Surat: With the looming threat of US tariffs on the Indian economy, the gem and jewellery sector is turning to alternative markets, particularly in the Middle East. A steady decline in exports remains a concern, but these smaller emerging markets offer a glimmer of hope for the struggling industry. Tired of too many ads? go ad free now In one such initiative, the Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the gem and jewellery trade in India, with the support of the Ministry of Commerce and Industry, Govt of India, the Embassy of India in Riyadh, the Consulate General of India in Jeddah, and the Dubai Jewellery Group, successfully launched the Saudi Arabia Jewellery Exposition (SAJEX) through two curtain-raiser events in Jeddah and Riyadh recently. The twin events witnessed an overwhelming response from over 280 key Saudi stakeholders, including top retailers, wholesalers, and manufacturers. Later this year, a three-day event, SAJEX 2025, will take place from Sept 11 at the iconic Jeddah Superdome. "As part of its ongoing efforts to diversify export markets and explore untapped opportunities, GJEPC is unlocking the growing potential of Saudi Arabia, the Gulf's largest economy, with a GDP of $1.1 trillion. With its jewellery market projected to nearly double from $4.56 billion in 2024 to $8.34 billion by 2030," said GJEPC in a statement. Saudi Arabia is fast emerging as a key destination for contemporary and luxury jewellery. A young, urban population and a dynamic retail environment are driving demand for 18 karat and 21 karat plain gold, diamond-studded jewellery, and premium design-led products. Against this backdrop, SAJEX becomes an important strategic step to strengthen India-Saudi Arabia ties and expand India's jewellery footprint in the Middle East and beyond. Tired of too many ads? go ad free now SAJEX, positioned as "The World Gem and Jewellery Fair," marks the beginning of a long-term partnership between India and Saudi Arabia in the jewellery sector. India, as the global hub for jewellery manufacturing, will showcase its exceptional craftsmanship, cutting-edge design, and manufacturing expertise at this platform, which will feature over 200 leading exhibitors across more than 250 booths from India, Saudi Arabia, UAE, Turkey, Hong Kong, and Lebanon. The event will witness over 2,000 international buyers, and the product showcase will span diamond and coloured gemstone-studded jewellery, plain gold jewellery, along with cutting-edge jewellery technology. "What makes SAJEX truly unique is its long-term vision to foster enduring partnerships between international manufacturers and Saudi retailers through a focused B2B platform tailored to the Kingdom's evolving market. At the heart of this effort is the World Jewellery Investment Forum, co-hosted by GJEPC and the Ministry of Investment of Saudi Arabia," GJEPC said. This high-level forum will bring together govt leaders, global brands, investors, and industry experts to explore strategic opportunities across the jewellery value chain, positioning Saudi Arabia as a future hub for jewellery design, innovation, and investment. "Amidst a dynamic global trade environment, SAJEX is a proactive step towards expanding India's jewellery exports to high-potential markets like Saudi Arabia. The Kingdom, with its evolving luxury retail ecosystem, young consumers, and strong appetite for design-led gold and diamond jewellery, presents an exciting frontier for Indian manufacturers. SAJEX marks the beginning of a shared journey between India and Saudi Arabia, positioning the two nations as a formidable force," said Kirit Bhansali, chairman, GJEPC. "With India as a leading global supplier of gems and jewellery, exporting $32 billion annually, and Saudi Arabia's jewellery market projected to nearly double to $8.34 billion by 2030, this partnership is set to reshape the industry and set new benchmarks for collaboration, innovation, and growth across the region and beyond," Bhansali added.
The Hindu
14-07-2025
- Business
- The Hindu
GJEPC targets Saudi Arabia to grow gems and jewellery exports
As part of its ongoing efforts to diversify export markets and explore untapped opportunities, the Gem & Jewellery Export Promotion Council (GJEPC) has focused on Saudi Arabia — the Gulf's largest economy, with a GDP of $1.1 trillion. With its jewellery market projected to nearly double from $4.56 billion in 2024 to $8.34 billion by 2030, Saudi Arabia is fast emerging as a key destination for contemporary and luxury jewellery, the GJEPC said. A young, urban population and a dynamic retail environment are driving demand for 18K and 21K plain gold, diamond-studded jewellery, and premium design-led products, it added. Under this backdrop, GJEPC has announced to organise SAJEX 2025– The Saudi Arabia Jewellery Exposition from 11 to 13 September 2025 at Jeddah Superdome. It will be the first dedicated B2B gem & jewellery show in the Kingdom of Saudi Arabia. Two curtain raiser events have been held in Jeddah on 6 July and Riyadh on July 8, 2025 with the support of the Ministry of Commerce & Industry, Government of India, the Embassy of India in Riyadh; the Consulate General of India in Jeddah; and the Dubai Jewellery Group. 'SAJEX, positioned as 'The World Gem and Jewellery Fair,' marks the beginning of a long-term partnership between India and Saudi Arabia in the jewellery sector,' GJEPC said. India, as the global hub for jewellery manufacturing, will showcase its craftsmanship, design, and manufacturing expertise at this platform which will feature over 200 leading exhibitors across over 250 booths from India, Saudi Arabia, UAE, Turkey, Hong Kong, and Lebanon. The event will witness over 2,000 international buyers, and the product showcase will span diamond and coloured gemstone-studded jewellery, 18kt, 21kt, and 22kt plain gold jewellery, platinum jewellery, lab-grown diamond jewellery, gifting collections, along with latest jewellery technology. Suhel Ajaz Khan, Ambassador of India to the Kingdom of Saudi Arabia said, 'India and Saudi Arabia share a strategic and deep-rooted relationship, and SAJEX reflects this evolving bond. This initiative opens new avenues for bilateral partnerships, drives cultural exchange through craftsmanship, and contributes meaningfully to Saudi Arabia's Vision 2030 goals.' Fahad Ahmed Khan Suri, Consul General of India in Jeddah said, 'SAJEX 2025 is more than just an exhibition — it is a symbol of the growing partnership between India and Saudi Arabia.' Kirit Bhansali, Chairman, GJEPC, said, 'With India as a leading global supplier of gems and jewellery, exporting $32 billion annually, and Saudi Arabia's jewellery market projected to nearly double to $8.34 billion by 2030, this partnership is set to reshape the industry and set new benchmarks for collaboration, innovation, and growth across the region and beyond.'
