The Gem and Jewellery Export Promotion Council seeks to deepen Indian gem and jewellery trade ties with Egypt and recently hosted a webinar to explore new avenues for growth and increasing Indian exports.
The event took place as part of the GJEPC’s fifth Global Market Insights series which was held to bring together gem and jewellery industry experts to discuss trends in the industry, consumer preferences and trends, and bilateral trade opportunities, the GJEPC reported on its website. GJEPC economist Rashmi Arora spoke at the webinar and noted that India has a strong position in the global jewellery market but its direct exports to Egypt remain limited. This is due to a lack of bilateral trade agreements and tariff barriers.
“Guest speaker Osama Ahmed Hassan, general manager and secretary of the jewellery division at the Federation of Egyptian Chambers of Commerce, highlighted Egypt’s rich history in jewellery and the growing demand for modern designs,” announced the GJEPC on its website. “He pointed out that while gold remains the dominant metal, there is increasing interest in diamonds (G-H colour and VVS-VS clarity) and coloured gemstones, particularly from India.”
Exhibitions and trade shows were highlighted during the webinar as presenting significant opportunities to forge business relationships with the two nations. The Nebu Exhibition, which will take place from December 15 to 17 in Egypt, was given as an example of key platform for Indian exporters to connect with Egyptian wholesalers and buyers.