South Indian jewellery market still under-explored says GJEPC
The HinduEven though the South Indian jewellery retail market has crossed the ₹2 lakh-crore mark and now accounts for 40% of the overall Indian jewellery retail business, it is still under-explored as per The Gem & Jewellery Export Promotion Council. The organised retail share of the South Indian jewellery retail market is more than ₹65,500 crore while the unorganised segment consists of over 2 lakh traditional local goldsmiths and jewellers, but international buyers of gem & jewellery are not quite familiar or sourcing to the extent desired, the council feels. Vipul Shah, Chairman, GJEPC said, “Southern India is one of the biggest gem & jewellery markets for domestic consumption and exports is evident from the multitude of globally recognized companies and brands existing here. GJEPC is organizing the first-ever India International Jewellery Show - IIJS Tritiya – in Southern India at the Bengaluru International Exhibition Centre from March 17 to 20.