Oct 28, 2024

GJEPC Webinar Highlights New Horizons for India-Egypt Jewellery Trade

GJEPC recently hosted a webinar to explore the potential for increased trade between India and Egypt in the jewellery sector. The event, part of the GJEPC’s 5th Global Market Insights series, brought together industry experts to discuss the latest trends, consumer preferences, and strategies to strengthen bilateral trade.

Dr. Rashmi Arora, Economist, GJEPC, emphasised India’s strong position in the global jewellery market, with annual exports exceeding $35 billion. However, she noted that India’s direct exports to Egypt remain limited due to tariff barriers and a lack of bilateral trade agreements.

Guest speaker Osama Ahmed Hassan, General Manager and Secretary of the Jewellery Division at the Federation of Egyptian Chambers of Commerce, highlighted Egypt’s rich history in jewellery and the growing demand for modern designs. He pointed out that while gold remains the dominant metal, there is increasing interest in diamonds (G-H colour & VVS-VS clarity) and coloured gemstones, particularly from India.

The webinar participants stressed the importance of exhibitions and trade shows in cultivating business relationships. Eng. Hany Milad Gaied, Head, Gold & Jewellery Division, FEDCOC, and Reham Dewidar, Manager, DSV Solutions Fairs & Events, also shared valuable insights. The NEBU exhibition, a prominent event in the Egyptian jewellery industry, was identified as a key platform for Indian exporters to connect with Egyptian buyers.

To further strengthen the partnership, both countries are exploring initiatives to reduce trade barriers and create a more conducive business environment. India’s expertise in lab-grown diamonds and high-tech jewellery manufacturing could also offer new opportunities for collaboration.