India International Jewellery Show (IIJS) Signature 2022 inaugurated by Piyush Goyal

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The Minister for Commerce & Industry, Textiles, Consumer Affairs and Food & Public Distribution Shri Piyush Goyal inaugurated the India International Jewellery Show (IIJS) Signature at Mumbai on 18 February 2022.

• The IIJS Signature event is being organised by the Gem and Jewellery Export Promotion Council (GJEPC). 

• The event will be held from 18 to 21 February 2022.

• The Minister said that the Gems and Jewellery sector is likely to achieve the export target of $40 billion in 2021-22.

• The total export of the Gems and Jewellery sector in 2021-22(April to January ) was $32.13 billion(source PIB)

• The United States of America is the  largest market for Indian Gems and Jewellery .

FACTS

• India share in the total world export of Gems and Jewellery in 2020 was 3.5%

• India was ranked the 7th Largest exporter of Gems and Jewellery in the world  in 2020.

• Switzerland is the largest exporter of Gems and Jewellery in the world.

• India is the largest exporter of diamonds in the world 

• India is the largest exporter of cut and polished diamonds in the world . Surat in Gujarat processes about 90% of the cut and polished diamonds of the world .

• India is the 4th largest exporter of Gold Jewellery in the world 

• India is the largest exporter of silver jewellery in the world 

Source  : Gem & Jewellery Export Promotion Council (GJEPC)

Note : Gems & Jewellery include Gold, Silver & Pearls, precious & Semi-precious stones. 

Know this also 

• Gem & Jewellery Export Promotion Council (GJEPC)

• It was set by the Union Ministry of Commerce and Industry in 1966

• It was set up to promote the export of Gems and Jewellery in India Its Headquarters : Mumbai