14-07-2025
GJEPC targets Saudi Arabia to grow gems and jewellery exports
As part of its ongoing efforts to diversify export markets and explore untapped opportunities, the Gem & Jewellery Export Promotion Council (GJEPC) has focused on Saudi Arabia — the Gulf's largest economy, with a GDP of $1.1 trillion.
With its jewellery market projected to nearly double from $4.56 billion in 2024 to $8.34 billion by 2030, Saudi Arabia is fast emerging as a key destination for contemporary and luxury jewellery, the GJEPC said.
A young, urban population and a dynamic retail environment are driving demand for 18K and 21K plain gold, diamond-studded jewellery, and premium design-led products, it added.
Under this backdrop, GJEPC has announced to organise SAJEX 2025– The Saudi Arabia Jewellery Exposition from 11 to 13 September 2025 at Jeddah Superdome. It will be the first dedicated B2B gem & jewellery show in the Kingdom of Saudi Arabia. Two curtain raiser events have been held in Jeddah on 6 July and Riyadh on July 8, 2025 with the support of the Ministry of Commerce & Industry, Government of India, the Embassy of India in Riyadh; the Consulate General of India in Jeddah; and the Dubai Jewellery Group.
'SAJEX, positioned as 'The World Gem and Jewellery Fair,' marks the beginning of a long-term partnership between India and Saudi Arabia in the jewellery sector,' GJEPC said.
India, as the global hub for jewellery manufacturing, will showcase its craftsmanship, design, and manufacturing expertise at this platform which will feature over 200 leading exhibitors across over 250 booths from India, Saudi Arabia, UAE, Turkey, Hong Kong, and Lebanon.
The event will witness over 2,000 international buyers, and the product showcase will span diamond and coloured gemstone-studded jewellery, 18kt, 21kt, and 22kt plain gold jewellery, platinum jewellery, lab-grown diamond jewellery, gifting collections, along with latest jewellery technology.
Suhel Ajaz Khan, Ambassador of India to the Kingdom of Saudi Arabia said, 'India and Saudi Arabia share a strategic and deep-rooted relationship, and SAJEX reflects this evolving bond. This initiative opens new avenues for bilateral partnerships, drives cultural exchange through craftsmanship, and contributes meaningfully to Saudi Arabia's Vision 2030 goals.'
Fahad Ahmed Khan Suri, Consul General of India in Jeddah said, 'SAJEX 2025 is more than just an exhibition — it is a symbol of the growing partnership between India and Saudi Arabia.'
Kirit Bhansali, Chairman, GJEPC, said, 'With India as a leading global supplier of gems and jewellery, exporting $32 billion annually, and Saudi Arabia's jewellery market projected to nearly double to $8.34 billion by 2030, this partnership is set to reshape the industry and set new benchmarks for collaboration, innovation, and growth across the region and beyond.'
