Page 28 - March / April 2023 : Diamond Digest Issue

GJEPC Presents India Advantage at the Hong Kong Show
India ranks as the 3rd-largest supplier of gems & jewellery to Hong Kong – 12% of HK’s total annual imports of $77 billion in 2021
India’s gem & jewellery exports to grow from 40 billion dollars to USD 75 billion by 2030.
India has the potential to become the leading supplier of Lab Grown Diamonds (LGDs) to Hong Kong.
(L-R) Mr. Vipul Shah, Chairman, GJEPC, Mr. Pradeep Kumar Rawat (Hon. Ambassador of India, People’s Republic of China) and Ms. Satwant Khanalia (Consul General, Consulate General of India, Hong Kong),
Mr. Sabyasachi Ray, ED, GJEPC
On the sidelines of the ongoing 39th HKTDC Hong Kong International Jewellery Show and 9th HKTDC Hong Kong International Diamond, Gem & Pearl Show, GJEPC organised an Event and Discussion on INDIA ADVANTAGE in the august presence of His Excellency Mr. Pradeep Kumar Rawat (Hon. Ambassador of India, People’s Republic of China) and Ms. Satwant Khanalia (Consul General, Consulate General of India, Hong Kong); Mr. Vipul Shah, Chairman, GJEPC; Mr. Sabyasachi Ray, ED, GJEPC, the global trade fraternity and international media.
Mr. Pradeep Kumar Rawat (Hon. Ambassador of India, People’s Republic of China) said, “The strengths of the Indian gems & jewellery sector, intricate jewellery designs are known the world over. As we emerge from the pandemic, we expect the gems & jewellery exports to Hong Kong and through Hong Kong to the wider
region to gain momentum.”
Ms. Satwant Khanalia (Consul General, Consulate General of India, Hong Kong), said “With the restart of physical gems & jewellery fairs, we expect a fillip to exports in this sector on the back of India’s leadership in diamonds, gemstones, gold jewellery and now, Lab Grown Diamonds as well ”
Speaking on the occasion Mr. Vipul Shah, Chairman, GJEPC said, India is the leading supplier of cut & polished diamonds, silver, and synthetic stones to Hong Kong and has the potential to become the leading supplier of lab grown diamonds (LGDs) to this market. India is the third-largest supplier of gems & jewellery to Hong Kong, accounting for 12% of its total annual G&J imports of $77 billion in 2021. The trade synergy between Hong Kong and India has been a vital growth avenue for India’s gem and jewellery export sector.”“
28 • Diamond Digest • March - April. • 2023