The Global Jewelry Investment Forum kicked off in September 11 in Jeddah, with the participation of government officials and private sector representatives from both Saudi Arabia and India, according to the Saudi Press Agency.
Organized by the Indian Gem and Jewellery Export Promotion Council (GJEPC), the forum unleashed new horizons for sustainable investments and successful partnerships that will further boost the global jewelry industry.
Supported by the Invest Saudi initiative, the event brought together over 200 jewelry manufacturers and companies from India, Saudi Arabia and other countries around the world.
The forum’s opening featured presentations by key organizations, such as the Saudi Investment Promotion Authority and the GJEPC, showcasing investment opportunities and available services in the gemstone and jewelry sector.
India’s Ambassador to Saudi Arabia, Dr. Suhel Ajaz Khan, said that India stands as a global leader in the jewelry and gold industry, with more than five million employees working in jewelry sector.
Khan also noted that the forum and exposition will turn into an annual event in Jeddah, with plans to broaden their scale and influence each year by gathering leading jewelry houses and manufacturers from India, Saudi Arabia, and worldwide.
Interestingly, the forum discussed several topics concerning facilitating trade, retailing, manufacturing and driving the future of jewelry for the GCC consumer.
Furthermore, it seeks to bolster the Kingdom’s position as a promising destination for jewelry design and innovation, and to enhance strategic partnerships across the value chain.
In the light of this, the exhibition represents the first specialized business-to-business (B2B) event in the Kingdom.
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