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In India, the gems and jewellery industry contributes towards nearly 7% of the country’s GDP and constitutes almost 15% of the total merchandise exports of India. India exports more than 75% of all polished diamonds manufactured in the world and contributes to 29% of jewellery consumption, globally. The gems and jewellery industry provides employment to nearly 46.4 lakh workers and it is estimated to provide employment to 82.3 lakh workers by 2022. Currently, the gems and jewellery market is comprised of nearly 3,00,000 small and big manufacturers who account for a total market size of $75 billion USD.
(Source-IBEF*, September 2019) *IBEF: India Brand Equity Foundation
The Gem & Jewellery Export Promotion Council (GJEPC) introduced by Government of India aims to promote the gems and jewellery products and industry. GJEPC is considered to be one of the leaders in diamond manufacturing and trading. The council is a central administrative and statutory body looking over the gems and jewellery industry in India. The council is a representative of nearly 6000 manufacturers and exporters in India with headquarters in Mumbai and regional offices in New Delhi, Kolkata, Jaipur and Surat, which also happen to be major centres of manufacture and export of precious stones, gems and jewellery.
The broad aim of GJEPC is to improve the general standard of the gems and jewellery industry in India through upgradation in technology, updation of policies and providing skill development and educational services to workers and various stakeholders in the industry. There are several benefits of being a GJEPC member that are as follows:
Step 1: Visit the official website www.gjepc.org
Step 2: Go to top right corner of the page and click on ‘Registration’
Step 3: By clicking on registration, two tabs will show up as ‘Domestic User Registration’ & ‘International User Registration’
Step 4: Click on Domestic User Registration
Step 5: Page will show up wherein you need to provide all the required details to register your company
Step 6: Fill in all the requested details that include company’s PAN number, GSTIN, type, name address, contact numbers, business nature, etc.
Step 7: Under the Terms of Agreement box, click on the box and enter the Captcha code.
Step 8: Click on ‘Submit’ to complete the registration process.
Step 1: Visit the official website
Step 2: Go to top right corner of the page and click on ‘Registration’
Step 3: By clicking on Registration, two tabs will show up as Domestic User Registration & International User Registration.
Step 4: Click on International User Registration.
Step 5: New page will come up in which you need to submit Account Information
Step 6: Next you just need to mention all the required information that includes email address, country, taxation details and taxation number.
Step 7: To enter taxation details, click on the drop down and select your country.
Step 8: Further information shall include company information, such as company type, name, address, contact numbers, business nature, etc.
Step 9: Under the Terms of Agreement box, click on the box and enter the Captcha code.
Step 10: Click on ‘Submit’ to complete the registration process.
The GJEPC was launched in 1966 as one of the Export Promotion Councils (EPC) by the Ministry of Commerce and has emerged as one of the most promising and active EPCs in post-independent India. Since 1988, the GJEPC functions as an autonomous body and has played a major role in promotional activities with regards to the gem and jewellery industry, widening the scope of its services owing to various regional centres. The promotional activities of the GJEPC have resulted in an increase in exports from $28 million in 1966-67 to nearly $35 billion in 2013-2014.
Promotional activities undertaken by the GJEPC include organizing trade shows like the India International Jewellery Show (IIJS) and the India Gems & Jewellery Machinery Expo (IGJME). As part of its initiatives towards the promotion of the gem and jewellery sector, the GJEPC has also frequently collaborated with government bodies, such as the Ministry of Tourism and the India Trade Promotion Organization (ITPO) with whom the GJEPC organized the India Gems & Jewellery Fair in New Delhi in 2013.
As part of its promotional activities, the GJEPC has also organized international fairs and expos, such as the Global Gem & Jewellery Fair (GGJF) in Dubai and various India Pavilions at the JCK Las Vegas (US), Basel (Switzerland), VicenzaOro (Italy) and the Hong Kong Show, to cite a few. The India International Jewellery Week is one of the biggest promotional events undertaken by the GJEPC that has pulled in various international fashion enthusiasts, buyers and innovators.
Aside from promotional activities, GJEPC also organizes various buyer-seller meets, deputations to important international regional centres of jewellery production and ‘Mines-to-Market Conferences’ which have created important connections between various stakeholders in the diamond and coloured gemstones industry. In recent decades, the GJEPC has also published a wide variety of print and digital media, including periodical magazines, brochures, event reports, websites, and has also produced films about the GJEPC and its role in the jewellery industry of India.