Traders bullish over jewellery fair

The seventh edition of the Hyderabad Jewellery, Pearl & Gem Fair (HJF) will be held from June 7-9 at the HITEX Exhibition Centre. The fair is a perfect trading platform for launching and sourcing the newest jewellery collections from the worldwide jewellery industry. The fair is a key B2B international trade fair in South India.

Following its debut in 2008, the sixth edition of the HJF created the right business opportunities for the industry. The fair attracted over 125 exhibitors from domestic and international markets with resounding results.

The 2014 fair is expected to draw 4,000 plus buyers and sellers during the three days of the fair. The visitors would include jewellery wholesalers, retailers, importers and exporters, jewellery manufacturers, diamond suppliers and traders, gemstone suppliers and traders, pearl suppliers and traders, precious metal and jewellery mounting traders and representatives from trade and governmental organisations.

“The seventh edition of the fair will be business-to-business (B2B) event and about 120 exhibitors will be participating from India and abroad,’’ said Kranti Nagvekar, group director, jewellery exhibitions, UBM India.

“A good number of machinery manufactures, buyers from countries including Dubai, Malaysia would be attending the fair,” she added. On the quantum of business expected to be generated in the event, she said the business aspects are generally kept confidential.

“As organisers, UBM would not know this aspect. But going by the increase in the number of participants, I say that the business in increasing,” Kranti said. The number of participants had gone up from 105 during last year to 120 now.

“The recent easing of gold import norms by the Reserve Bank of India would spur growth in business, among other things,” said Surya Prakash, member, Gold, Silver, Gems and Diamond Merchants Association of Hyderabad.