Hyderabad, India – The 16th edition of the Hyderabad Jewellery Pearl & Gem Fair (HJF), organized by Informa Markets in India, is poised to captivate audiences from June 7th to 9th, 2024, at Hall 4, HITEX, Hyderabad. This highly anticipated event, renowned for its excellence in the jewellery sector, promises fresh opportunities, continuing its legacy of fostering growth in Southern India.
In 2023, the Indian Gem and Jewellery market witnessed significant growth, valued at USD 43.71 billion. Forecasts suggest a promising future, with a projected Compound Annual Growth Rate (CAGR) of 17.35% from 2024 to 2030, potentially reaching USD 133.96 billion. These figures underscore the sector’s vitality and its pivotal role in the country’s economic landscape.
An Unmatched Showcase
HJF 2024 is poised to host over 350 exhibitors, featuring more than 700 brands, showcasing over 200,000 designs and collections alongside the latest trends. Drawing over 8,000 trade visitors, including industry leaders and influencers, this three-day extravaganza promises to be a pinnacle event in the jewellery calendar. Key exhibitors such as Abhay Pearls, Chintamani Gold, Dantara Jewellers, Kanchan Jewels, V S Gold, among others, are set to grace the occasion. With a track record of 15 years of success, HJF consistently shines a spotlight on exceptional creativity and innovation, attracting participants from major cities and Tier II towns across India.
HJF 2024 garners support from esteemed bodies like the Hitech City Jewellery Manufacturers Association (HJMA) and the Telangana Bullion Gems & Jewellers Federation (TBJA). Moreover, its international partnership with the Hong Kong Jewellery & Gem Fair extends its reach globally.
Commenting on India’s jewellery market, Mr. Yogesh Mudras, Managing Director of Informa Markets in India, highlighted its dynamic growth and cultural richness. He emphasized India’s potential to lead globally in the jewellery segment, attributing it to a mix of organized and unorganized sectors, supported by progressive government policies. He cited recent measures like permitting 100% Foreign Direct Investment (FDI) and reducing customs duty on cut and polished diamonds and colored gemstones as indicators of the government’s commitment to the sector.
Mr. Mudras further emphasized HJF 2024 as a premier platform facilitating meaningful connections and collaborations, essential for the industry’s future.
An Inclusive Platform
HJF 2024 is expected to attract a diverse array of industry stakeholders, including suppliers, traders, machinery manufacturers, importers, exporters, national sourcing delegates, technology providers, and representatives from trade and governmental bodies worldwide.
This edition of HJF anticipates a diverse gathering of trade visitors from Andhra Pradesh, Telangana, Tamil Nadu, Maharashtra, Karnataka, Kerala, and neighboring regions. Additionally, over 400 premium hosted buyers from across India and abroad will ensure a high level of engagement and business opportunities. Attendees can anticipate enriching experiences with jewelry conferences, a dazzling fashion show, a prestigious awards ceremony, and a dedicated pavilion showcasing the renowned Mumbai Zaveri Bazar. Furthermore, knowledge sessions, conferences, and panel discussions will provide valuable insights into the industry.
Continuing a Tradition of Excellence
The Gems and Jewellery industry remains one of India’s largest sectors, making significant contributions to the economy. Accounting for nearly 7% of the country’s total GDP and 15.71% of India’s total merchandise exports, it plays a pivotal role in the nation’s economic fabric. Recent initiatives such as the India-Middle East-Europe Economic Corridor and the CEPA trade agreement have further propelled jewellery exports, positioning India strategically in the global market.
HJF 2024 builds on its legacy of excellence, bringing together the finest jewels from around the world to Hyderabad. This premier event is a must-attend for industry insiders, offering a unique opportunity to experience unmatched innovation and creativity in a setting exclusive to the jewellery community.