Chennai, March, 2019: The Chennai Jewellery & Gem Fair (CJGF) 2019, was organised at the Chennai Trade Centre. Chief Guest Shri Vishal Krishna, Actor, Producer Secretary General for Nadigar Sangam, President of Producer Council along with key dignitaries Mr. Yogesh Shah President, Chennai Jewellers Association, Mr. Uday Vummidi Vice President, Chennai Jewellers Association, Mr. Rajesh Vummidi, Honourable Secretary and Chairman of Chennai Jewellers Association, Mr. Sultan Mohideen, Vice President, Chennai Jewellers Association, Mr.Yogesh Mudras, Managing Director, UBM India and Mr. Abhijit Mukherjee, Group Director, UBM India inaugurated the fair in the presence of other dignitaries from the jewellery trade.
A three-day exhibition, the CJGF is South India’s largest International gems & jewellery B2B exhibition with participation of over 100 exhibitors comprising jewellery brands, wholesalers, retailers, importers and exporters, jewellery manufacturers, machinery manufacturers, diamond, gemstone, pearl suppliers and traders, precious metal and jewellery mounting traders and suppliers, and representatives from trade and governmental bodies.
Speaking at the inauguration of CJGF 2019, Mr. Yogesh Mudras, Managing Director, said, “The rising demand for Indian gems and branded jewellery from across the globe is primarily being driven by the rising per capita income of the consumers and a stronger purchasing power of the middle-class today. In fact, the sector is now revolutionizing in terms of consumer’s penchant for jewellery. Contributing 29 per cent to the global jewellery consumption, the Indian jewellery industry is already seeing an influx of established brands that are helping cater to the changing consumer preferences and making the market become more organized. Government initiatives like standardisation on gold hallmarking, Gold monetisation Scheme for individuals, trusts and mutual funds and building India’s largest jewellery park will also open up more opportunities for the sector to grow in a more organised manner.”