Jewellery show IIJS to generate Rs 30k-35k cr business

 The India International Jewellery Show (IIJS) Signature will be able to generate business worth Rs 30,000-35,000 crore this year, says Gem & Jewellery Export Promotion Council (GJEPC) Chairman Vipul Shah. Speaking at the first day of IIJS Signature, he said the council is hopeful that all its 2025-26 Budget expectations will be met, including the demand for budgetary allocation for consumer education, among others.

Terming IIJS Signature 2025 as a “trendsetter” for 2025, he said this year the Council has come up with new innovative ideas and a particular theme that has been given to all retailers. He said the council recently held a pre-Budget meeting with Prime Minister Narendra Modi and said the government’s decision to reduce the duty fee on gold and silver among others in the last Budget would bring a boom in the retail business in the next couple of years.

“We are seeing more than 3,000 retail stores coming up in the next two years. We are seeing a lot of FDI coming into the gem and jewellery sector reflecting confidence in the industry,” Shah added.