The eagerly awaited 16th edition of the Hyderabad Jewellery Pearl & Gem Fair (HJF), organised by Informa Markets in India, launched today at Hall 4, HITEX, Hyderabad.
HJF 2024 stands out as a premier event, featuring over 350 exhibitors and showcasing more than 750 brands across a sprawling 120,000+ square feet of exhibition space.
The expo is expected to attract over 8,000 trade buyers who are exploring an impressive array of more than 200,000 of the latest designs.
As a catalyst for the industry’s growth, it supports India’s ambitious goal of increasing gems and jewellery exports to USD 75 billion (INR 6.2 lakh crores) by 2030, building on an impressive USD 40 billion (INR 3.3 lakh crores) achieved so far.
Parasmal Ranka, President, Telangana Pawn Broker Jewellers Association; Shri Ashok Shermal Jain, President, Pot Market Jewellers Association; Mr. Sachin Jain, Regional CEO World Gold Council, India; Mr. Sumesh Wadhera, Managing Director, AOJ; Mr. Rajendra Jain, Managing Director, SVAR Group; Mr. Yogesh Mudras, Managing Director, Informa Markets India; Ms. Pallavi Mehra, Sr. Group Director, Informa Markets in India and Mr. Pankaj Shende, Group Director, Informa Markets India.
Mr. Yogesh Mudras, Managing Director of Informa Markets in India, remarked, “The Gems and Jewellery industry in India, deeply rooted in our cultural heritage, is a vital economic force.
It plays a key role in both consumption and export, with notable 15% growth in FDI equity inflows reaching USD 25.50 million in 2022-2023. Employing over 5 million individuals, this sector significantly contributes to the employment landscape.
South India, with its substantial 40% share in gold jewellery demand, is a major player, supported by both organized retail and an extensive network of traditional goldsmiths.
Events like the Hyderabad Jewellery Pearl & Gem Fair continue to highlight India’s prowess in this sector.”
Day 1 commenced with a panel discussion moderated by Mr. Sumesh Wadhera, focusing on the ‘Power of Young & Jewellery Legends of South India’. This engaging session provided valuable insights into the evolving landscape of the jewellery industry.
The evening began with the enthralling first round of the fashion show, highlighting exceptional creativity.
This was followed by the elegant second round featuring the timeless craftsmanship of South India’s jewellery legends.
The event also presented awards to artisans and recognised their pivotal role in preserving tradition and innovation.
Day 2 will focus on highlighting the empowering journey of daughters-in-law illuminating family jewellery legacies.
A thought-provoking panel discussion, moderated by Hetal Vakil, will delve into the significance of these women in preserving and evolving cherished family traditions.
Adding to the excitement, there will be an insightful jewellery trends presentation by Fashion Scoop, providing a glimpse into the latest innovations and styles shaping the industry.
HJF 2024 has received support from the Hitech City Jewellery Manufacturers Association (HJMA) and the Telangana Bullion Gems & Jewellers Federation (TBJA).
Additionally, HJF extends its reach globally through its international partnership with the Hong Kong Jewellery & Gem Fair.
Some key exhibitors participated are Abhay Pearls, Chintamani Gold, Dantara Jewellers, Kanchan Jewels, V S Gold to name a few.
This edition of HJF has welcomed a diverse gathering of trade visitors from Andhra Pradesh, Telangana, Tamil Nadu, Maharashtra, Karnataka, Kerala, and neighbouring regions, creating a dynamic platform for networking, collaboration, and business growth in the jewellery sector.
