Aug 01, 2017

Over 35,000 Visitors, Brisk Business at IIJS Premiere 2017

The IIJS Premiere 2017 which concluded in Mumbai yesterday can be considered among the very good shows the event has seen over the years said Saunak Parikh, Convener of the National Exhibitions Sub-Committee of GJEPC which organized the show. It was the largest ever not only were in terms of the record numbers, but also because there was steady and brisk business throughout the halls on all the five days, he added.

“Overall the show was very positive,” Parikh said in an exclusive interaction with Stating that it would take some time to compile all the feedback and get an actual estimate of the volume of business, Parikh asserted that it was definitely large. The steady traffic witnessed from the first day, reflected the mood of the market, he said.

“Sales at the retail level were good during the last few months, and many retailers were seriously restocking in preparation for the forthcoming season,” Parikh pointed out.

“There were good sales reported from all segments, and while exhibitors in the gold jewellery segment did extremely well, those in the diamond jewellery segment were also extremely satisfied. Most reported finalising deals for the jewellery on display as well as further orders,” he said, adding, “It is a reflection of the current situation in India -- the market is doing reasonably well.”

He averred that there on the whole there is no impact of the introduction of GST on business at the show. “Most of the participating jewellers have accepted the new system and are beginning to implement it.”

As reported earlier, this year there were significant changes in the IIJS Premiere floor planas a result of which the show could accommodate 60 new companies and also provide extra space to some existing exhibitors. The increase in exhibitors, taking the number to over 2,200 was accompanied by a big jump in visitors too – this year the total swelled to well over 35,000 as compared to 33,500 last year, the organizers said.

IIJS now attracts visitors not only from all over the country, but now has a steady flow of trade members from other countries in the Indian sub-continent, as well as the Middle East, South East Asia and the Far East. “The show is an important one for the trade from these countries,” Parikh said, noting that this year in addition to the regular numbers from the Gulf countries, there was a rise in the number of jewellers from Turkey who came to the show.

Commenting on another big change this year, Parikh said, “The changes within the Halls were very well received.” He pointed out that the improved facilities, more space for easier movement and smoother flow ensured an enhanced experience for all. However, it may be difficult to fully clear the exhibitor waiting list as there are certain constraints at the existing venue, just as the organizers have to ensure adequate security even if it means a slightly longer entry and exit time for visitors.

Another key aspect of the show was its transition to a near-cashless mode of business, with even the reduced number of last minute, on the spot registrations making digital payments on site. “Next year we are aiming to increase digitalization and take, not just the payments part, but many other processes online too.”