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.
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.
All India Gem and Jewellery Trade Federation (GJF) organizes the 5th PREFERRED MANUFACTURER OF INDIA (PMI) of the third edition, Regional Networking Meet at a glittering ceremony at J W Marriott Hotel, Kolkata from 27th March to 29th March, 2017. This is the first major event of GJF post demonitisation of high value currencies in India and also after the formation of the new Committee of Adminsitration (COA).
Mr. Nitin Khandelwal, Chairman, GJF, said, “The PMI program is an unique opportunity for people engaged in jewellery business as such conference widened the relationship among jewellers, manufacturers and retailers. GJF has always explored new possibilities and ideas that provide structured and efficient platforms for all its stakeholders. In a fast paced business environment today, the need for speed, accuracy, delivery, service in addition to exclusivity and innovation has taken greater importance”.
Mr. G V Sreedhar, Immediate Past Chairman, GJF, said, “Networking for business is the new-age mantra for successful enterprises and PMI offers manufacturers a dedicated platform that facilitates better relationship building with the country’s most prominent jewellery retailers. It is a nice opportunity to meet and exchange views with leading jewellers at personal level and we hope, a large number of retailers will attend this 3-day conference.”
Mr. Sankar Sen, Director, GJF & Chairman – East Zone, said, “PMI, Regional Networking Meet Kolkata promises retailers and manufacturers, a much more efficient event in terms of its features and value addition that are being planned to enhance the quality of the programme. The participants are amongst the best manufacturers of the country and hence some of the most exclusive collections are showcased. The platform provides an opportunity to interact directly with the manufacturer who has thorough knowledge and thus enhances the exchange of ideas, trends, innovation and best business practices”
Mr Sumeet Anand, Co-Convenor, PMI Conference, said, “We are making every effort to create this PMI platform attractive where participants (only on invite) can update themselves with relevant topic in a changing market scenarios besides developing their clientele and business promotion. To make the Kolkata edition grander than its predecessors, sports legend Mr Saurav Ganguly shall be delivering motivational speech and accomplished odissi dancer Mrs Dona Ganguly shall be performing at the gala evening of 27th March, followed by performance by Sanjeeda Sheikh on 28thMarch gala nite”.