Financial Daily from THE HINDU group of publications
Monday, Aug 15, 2005

Port Info

Group Sites

Industry & Economy - Gems & Jewellery
Variety - Events

Gems expo gets under way in Hyderabad

Our Bureau

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.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Revival of monsoon to take two more days

Some `books' are to be searched for
Marching ahead
Agencies aiding industrial growth
Goa: A factfile
Corporates have to pay Rs 1 cr excise a year to be termed `large taxpayer unit'
`Corporates have a big role to play in combating AIDS'
`An ideal destination for SEZ'
`Spruce up city infrastructure'
PSU drug cos told to build capacity for anti-retrovirals
Work towards energy independence: Kalam
`Karnataka must give priority for setting up power plants'
AP not to hike power charges next year
Plan panel favours thrust to N-power
Industry hails new norms for fixing sugarcane SMP
Gandhigram Trust exports curative textiles for Japan
AP textiles body opposes VAT
You may speak as small as you will
Kerala Govt organises B2B meet for small, medium units
IIT-Kharagpur to have IP law school
Food processing park on cards
Gems expo gets under way in Hyderabad
NTC plans to sell more properties
Build-a-Home exhibition in Thiruvananthapuram
Biz growing; paper trade keen to move out
CII survey finds healthy growth in manufacturing
Charting the seas with aplomb
CITU opposes bauxite mining in Vizag dist
10 pc divestment in top PSUs can fetch Rs 31,000 cr: Assocham
Textile exports dip despite end of quotas
Looking for a big leap in tourism

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line