Financial Daily from THE HINDU group of publications
Monday, Aug 15, 2005
Industry & Economy
Gems & Jewellery
Variety - Events
Gems expo gets under way in Hyderabad
Ornamental jewellery on display at the South Indian Jewellery Exhibition at Hitex in Madhapur, organised by the Hyderabad International Gems and Jewellery Exposition. Pieces of Indian ethnic gold, diamond jewellery designs, Indo-Western diamonds and coloured stones are among the exhibits. Mohammed Yousuf
Hyderabad , Aug. 14
ONE of the biggest shows on gems and jewellery in South India, which aims to provide a platform for jeweller-jeweller interaction, got underway on Saturday at the Hitex Exhibition Centre.
The three-day, Hyderabad International Gem and Jewellery show has attracted 103 exhibitors, about 43 from Jaipur alone to exhibit their dazzling fare.
Inaugurating the event, Ms Geeta Reddy, the Andhra Pradesh Minister for Tourism, said the State Government has identified the sector with growth potential.
It has already demarcated land for the AP Gems and Jewellery Park and offers incentives.
Combined with the creation of the special economic zone and the advantage brought in by the mega show now underway, she hoped the industry in the State will get a fillip.
There are more than 3,000 jewellers in Hyderabad alone, but most of them are in the unorganised sector.
The exposure to big players from other parts of the country is expected to help this large number of small jewellers to grow. Though Hyderabad has a traditional presence in the gems and jewellery and pearls market, it accounts for a meagre 0.2 per cent of the overall exports from the country.
The domestic jewellery industry is estimated to be around Rs 63,000 crore and growing at the rate of 9 per cent per annum.
The exports are put at $ 16 billion in 2004-05
In the exhibition, the large number of well-known Jaipur exhibitors are a major draw. Similarly, several big players from Chennai, Kerala and Mumbai are also taking part. Vummidi Bangaru Jewellers, a leading diamond jeweller from Chennai, Musaddilal, Meena Tibarumal and Totaram Papalal from Hyderabad are some of the noted jewellers, who have put up expansion stalls at the centre.
The product range includes antiques, designer, fine, gold, diamond, platinum, silver and pearls.
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