Surat: The Gems and Jewellery Export Promotion Council (GJEPC) has said the industry has only penetrated 12% of the Hong Kong Market and that there is a huge business opportunity for the diamantaires and jewellery manufacturers.
The GJEPC hosted the 10th edition of India Global Connect, a business networking meet, with Hong Kong on September 30. The wholesalers and retailers from India were able to connect with the trade-in Hong Kong to further explore the business opportunities.
Colin Shah, chairman of, GJEPC said, “The Indian G&J industry is on the track to achieve the target of $43.75 billion. Out of the total merchandise exports from India, the G&J sector contributes 10%. The country is the world leader in cut and polished diamond, whereas it is the second-largest manufacturer of gold, silver, and synthetic diamond jewellery”
Shah added, “As a council, we are working towards getting our share back to the pre-covid levels”
Priyanka Chauhan, Council Genera of Indian Consulate-Hong Kong said, “It’s time for the Indian gems and jewellery sector to penetrate deep into the Hong Kong Market. At present, India’s total G&J export share in Hong Kong is 12%. There is a lot of scope and opportunity for the wholesalers and retailers to penetrate deeper into the Hong Kong market”