49th India Gem & Jewellery Awards

Tags: Awards

49th India Gem & Jewellery Awards

Union Minister of Commerce and Industry Piyush Goyal attended the 49th edition of India Gem & Jewellery Awards in Mumbai on 23 April.

An overview of the news

  • Organized by the Gem and Jewellery Export Promotion Council (GJEPC), the event felicitates top exporters from the sector.

  • The Union Minister felicitated 28 top exporters and facilitators during the award ceremony, which also had Frank Geerkens, Consul General of Belgium in Mumbai, as the guest of honour.

  • The event was also attended by Chairman GJEPC, Vipul Shah, Senthilnathan, Chairman and Managing Director Export Credit Guarantee Corporation (ECGC).

  • The GJEPC chairman expressed hope that the free trade agreements with the UK, Canada and the European Union that are being negotiated will help exporters reach US$1 trillion in exports.

Gem & jewelry exports

  • For FY 2022-23, the overall gem & jewelry exports grew 2.48% to Rs 300462.52 crores as compared Rs 293193.19 crores for the same period previous year. 

  • In terms of US dollars, the overall gem & jewelry exports accounted for US$ 37468.66 million as compared to US$ 39331.71 million for the same period last year.

About The Gem and Jewellery Export Promotion Council (GJEPC)

  • It was set up by the Ministry of Commerce, Government of India in 1966.

  • Since 1998, the GJEPC has been granted autonomous status. 

  • This is the apex body of the gems & jewellery industry and today represents 9000 members in the sector. 

  • With headquarters in Mumbai, GJEPC has Regional Offices in New Delhi, Kolkata, Chennai, Surat and Jaipur.

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