GJEPC announces the first Indo Euro Summit

18 Nov '09

3 min read

The Gem and Jewellery Export Promotion Council(GJEPC) announced the first Indo Euro Jewellery Summit that is being held at the Renaissance Hotel in Mumbai. This five day summit from Nov 18-22, 2009 will host 15 leading retailers from five major export destinations in European Union. Leading jewellery chains from France, Germany, Spain and the UK are participating in a series of high level meetings with foremost Indian manufacturers. GJEPC hopes that through this summit, major markets like Europe actively recognises the power of Indian Jewellery manufacturing especially in view of the current slowdown in the US markets.

The objective of introducing this Summit to focus on the European market is not to just substantially increase direct jewellery exports to the European sector but to also expose the higher standard of services, jewellery manufacturing processes, supply chain, business practices and culture to the not so aware market in EU. Today, undeniably Indian products have achieved global sensibilities and are undoubtedly in demand across the world.

“In light of last year's downturn, this Summit is a major step to help Indian manufacturers diversify their geographic portfolios. The Summit will present a major opportunity for some of the top 15 Indian manufacturers to make major inroads into the European markets.” says Vasant Mehta, Chairman of the GJEPC.

This Summit will go beyond simply looking to supply competitively priced jewellery and provide a platform to Indian manufacturers to engage in meaningful discussions about critical business issues and explore opportunities for initiating distribution/supplies to leading chains/brands in Europe, explore possibility of displaying their brands for local consumers in EU outlets and also explore acquisition of brands. Sessions and seminars were held over these days. Among others, Spencer Maghony, First Secretary, UK Trade & Investment, conducted the first session at the Summit talking about the Indo Euro Forging New Relationships. In addition, boardroom discussion between various sponsors & retailers were organised. By means of these, GJEPC ensures that the European buyers are fully aware of the facets prevalent in the Indian market.

Club des Joailliers createurs, F. Hinds, Goldmeister, Jose Luis Joyerias, Le Donjon, Piery, Yes Bizuteria, The Company of Master Jewellers, Synalia, Megalithes(Althair), Les Nouveaux Bijoutiers are the buyers from Europe who have been invited by the Council for this Summit.

With a total export figure registered in 2008-2009 at US$2,522.15 million to Europe, the overall objective behind this summit is to further encourage demand of the jewellery manufactured by India in markets other than US. Council plans to make this summit a regular property whereby the relations forged during this meet would be carried forward thus creating links which will enhance profitable and long lasting business relationships.

Indian participants include Bombay Jewellery Manufacturers,Dimpex Jewels Pvt Ltd, Elegant Collection, Fine Jewellery Manufacturing Ltd, Gold Star 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.

Gem & Jewellery Export Promotion Council (GJEPC)

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