SAJEX 2025
India eyes $4.5-billion Saudi jewellery market as SAJEX 2025 opens new trade front
GJEPC’s SAJEX 2025 aims to align Indian craftsmanship with Saudi Arabia’s fast-growing jewellery demand projected to reach $8.3 billion by 2030.
Senco Gold aims for Gulf expansion, scouts for tie-ups in Saudi Arabia
Senco Gold & Diamonds aims to expand into Saudi Arabia's luxury market. The company participated in the Saudi Arabia Jewellery Exhibition. They seek collaborations under Saudi's Vision 2030. Senco targets the younger Saudi demographic with modern designs. They are also exploring cross-border e-commerce. Domestically, Senco invested significantly, opening new stores. The company targets 20% growth this fiscal year.
GJEPC champions India-Saudi gem & jewellery trade collaboration through SAJEX 2025
The Gem and Jewellery Export Promotion Council will organize Saudi Arabia Jewellery Exposition in Jeddah. The event is supported by the Indian government and various Saudi organizations.
Trump’s 50% tariff threat puts India’s gem and jewellery exports at risk
The Indian gem and jewellery industry faces a significant threat due to the US's proposed 50% tariff hike, potentially disrupting exports and impacting livelihoods. With the US being the largest market, the industry anticipates challenges in maintaining competitiveness against nations with lower tariffs. Despite these concerns, the industry is exploring new markets and relying on strong domestic demand for resilience.
