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IIJS opens its 25th glorious edition
Sanjay Kothari urges industry stalwarts to promote jewellery as a category
By: Diamond World News Service
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Aug 8 2008 3:10PM
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Reference: 2920  

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IIJS opens its 25 edition amongst much fanfare on August 7, 2008. The show which is Asia’s second largest event in the jewellery trade was announced by Sanjay Kothari, Chairman- GJEPC and Vasant Mehta, Vice Chairman- GJEPC. Special guests who shared the dais were Bill Champion, MD- Rio Tinto, Philip Holden, MD and Chief Marketing Officer - World Gold Council, James Courage, Chief Executive- Platinum Guild International and Rajiv Bhandari- DTC.

IIJS 2008 would conclude on August 11. The council and the show committee are hopeful that these five days will bring enormous business and networking opportunities. Sanjay Kothari said, “Today as we are about to inaugurate 25th edition of the IIJS, our belief is that IIJS is a perfect platform to understand the International market, identify the way modern Indian jewellery retailing industry is shaping up as it provides grounds to prepare for the changing times ahead.”

Over 30, 000 visitors are expected to the show, out of which 19000 are pre-registered. The number of international pre-registered visitors has shot up to 2000 this year. The show organizers who have added yet another hall to accommodate the ever growing list of participants, were disappointed for not being able to house 50 percent of the waitlist. The show has in true senses taken the mould of an event of international repute with seven international pavilions and multiple international delegations visiting.

Commenting on the growth of the Indian precious sector Kothari explained, “Last few years have witnessed the entry of several exporters in the domestic market and the birth of 40 or more brands. These developments are bringing about a huge transformation in the business, and this is only the beginning.” He further urged the special guests to invest united efforts to promote jewellery as a category universally. James Courage of PGI reinforced the message, “Our competition is not amongst ourselves. It is with other products. We have an industry with talent and resources to create quality product that people would want to buy. We need to work hard and work together.” Other members also readily agreed to take up the challenge of this initiative to move forward.

Bill Champion and Rajiv Bhandari informed that their respective company’s have invested around Rs.100 crores each, during past couple of years in the mining exploration activities in India. The area of interest for Rio Tinto remains Madhya Pradesh while DTC has projects at Madhya Pradesh, Andhra Pradesh and Karnataka.

With tremendous opportunities coming our way, the Indian precious market can look forward to bright future.

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