The Expo, a B2B jewelry trade show, serves as a strategic gateway for the upcoming holiday and wedding season, connecting the entire jewelry ecosystem. | Photo credit: File photo/AFP
India’s gems and jewelery industry continues to demonstrate remarkable resilience and spirit of innovation, said Kirit Bhansali, Chairman, Gems and Jewelery Export Promotion Council (GJEPC), at the opening ceremony of the 4th IIJS Bharat-Tritiya 2026 at the Bengaluru International Exhibition Center (BIEC21) here on Saturday March.
Speaking at the inaugural session of the annual GJEPC trade fair here, Mr. Bhansali said achieving ₹2.28 crore in exports with over 4% growth between April 2025 and February 2026, despite a 44% drop in traditional markets like the US, is proof of the industry’s successful market diversification strategy.
“With our domestic market expected to reach US$130 billion by 2030 and new free trade agreements opening doors in the UAE, Australia and beyond, we are not only meeting the challenges, we are redefining them,” he added.
According to GJEPC expo, the B2B jewelery trade fair, serves as a strategic gateway for the upcoming festive and wedding season, connecting the entire jewelery ecosystem.
Speaking on the occasion, Gunjan Krishna, Industrial Development Commissioner and Director, Industries and Commerce, Government of Karnataka, said, “While India already dominates the diamond market, our next leap must be into the high-end luxury space, leveraging our rich tapestry of heritage, from southern temple styles to northern polki. As the industry needs to orient itself to the global focus on luxury design and the impermanence of building labels.”
Supported by the Government of Karnataka and the Department of Commerce and Industry, the 2026 exhibition features over 1,100 exhibitors at over 1,900 stalls.
Published – 21 March 2026 22:33 IST
