Mumbai Jewellers Association, UBM to hold 3-day Mumbai Jewellery & Gem Fair from Dec 9

The Mumbai Wholesale Gold Jewellers Association in association with UBM India, will hold a three-day business-to-business (B2B) Mumbai Jewellery & Gem Fair here from December 9-11.

After witnessing a overwhelming success in the two similar exhibitions being held in Hyderabad and Chennai, the organisers are expecting to experience a good response from Mumbai event also.

Mr Sanjeev Khaira, Managing Director of UBM India, opined that the global economic slowdown have not impacted the gold jewellery exports from India as it has increased by 15 per cent to $43 billion, whereas the demand of domestic market rose to 10.15 per cent at $26 billion.

The jewellers from Maharashtra, Madhya Pradesh, Rajasthan, Gujarat and southern India are expected to register their attendance in the event.

Mr Ashok Minawala, former Chairman, the All India Gems & Jewellery Trade Federation, said, “India is a unique country. Whenever price of any commodity goes up, they run to buy it before it turns unaffordable. Gold is no exception. About 70 per cent of the population in rural India are lapping up gold irrespective of price rise.”