24 November 2011

Mumbai jewellers’ body to hold expo in December

Mumbai Wholesale Gold Jewellers Association has joined hands with UBM India to hold a three-day business-to-business Mumbai Jewellery and Gem Fair exhibition between December 9 and 11 in Mumbai.

Drawing on the success of the two similar events in Hyderabad and Chennai, UBM expects the Mumbai fair to attract good response as it being the peak season for jewellers with the busy marriage season round the corner. This season witnesses the buyers stocking up for the next entire year.

Mr Sanjeev Khaira, Managing Director, UBM India, said despite the global economic downtrend gold jewellery exports from India have gone up 15 per cent to $43 billion, while the domestic market demand was up 10.15 per cent at $26 billion.

“There will be separate sessions by leading experts on the changing trend in the gold jewellery trade with emphasis on designing and manufacturing of light-weight jewellery,” he said.

The expo will have participation of jewellers from Maharashtra, Madhya Pradesh, Rajasthan, Gujarat and southern India. A jeweller who has not yet registered for the event has to shell out Rs 2000 per person as registration fee.

Mr Mahavir Lodha, CEO, Mumbai, Wholesale Gold Jewellers Association, said the trade will be much benefited as it will get a low down on the latest developments in the gold jewellery manufacturing, besides an opportunity to place bulk orders.

source: Business Line : Industry & Economy / Economy : Mumbai jewellers’ body to hold expo in December
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