Middle East Offers Bright Prospects for Indian Jewellery Exporters: GJEPC Report

The Gem & Jewellery Export Promotion Council (GJEPC) has identified the Middle East, particularly Saudi Arabia and Kuwait, as emerging markets for Indian jewellery. These regions are showing increasing demand for studded and plain gold jewellery, contributing to substantial export growth. GJEPC is also collaborating with the Indian government on foreign trade policies to enhance market penetration.

The Gem & Jewellery Export Promotion Council (GJEPC) reports burgeoning opportunities for Indian jewellery exporters in the Middle East, spotlighting Saudi Arabia and Kuwait for their rising demand for studded gold jewellery.

Recent data points to robust growth beyond traditional markets like the US and China, a positive trend acknowledged by the GJEPC. In a statement released on Tuesday, the council highlighted that Saudi Arabia and Kuwait's demand for studded gold has surged dramatically, at 26.05% and 87.99% respectively.

Vipul Shah, Chairman of GJEPC, underscored the labor-intensive production of studded jewellery satisfying a sophisticated global clientele, enhancing India's export capabilities and craftsmanship reputation. The council is also working closely with the Indian government to open up new markets through agreements such as the India-UAE CEPA and India-Australia ECTA.

(With inputs from agencies.)