Feb 12, 2018

Signature IIJS 2018 Ends On an Even Keel

The Signature IIJS 2018 closed today with mixed reactions from exhibitors. While there were many who professed great satisfaction and said they had done good business, there were some who felt the footfalls at the show were lower than desired, or expected. However, there was hardly anyone who was disappointed with the show.

Hari Krishna Exports Pvt. Ltd, which does business in both loose polished diamonds as well as jewellery under the brand name Kisna, participated in the Signature IIJS with their polished diamonds. “This year there were very few stalls displaying loose stones,” observed Hitesh Mehta of the company. He   added, “We had our regular domestic clients coming to the show, and business was satisfactory on the whole.”

Jigar Jain of A.B. Gems, which deals in coloured gemstones of all varieties said: “The market was already slow, so we came with no expectations to the show. Considering that, the show was okay for us.”

However, Nirmal Punjabi of Lal Gems Jewellers, which is also a  specialist  in coloured gemstones, felt that the footfalls in the show were low. “The timing of the show is odd,” he remarked. “Till the end of February the market is good; but after that, March, April, May are dead months, as we move towards the vacations. So, no one wants to buy now and hold the inventory till June/July when the market picks up. If we can have the show somewhere at the beginning of January that would be good.”

Rosentiques Fine Jewellery is known for its design-led, high end creations, but also offers a range of the lower priced items around Rs. 30,000-Rs. 40,000. Rajesh Jain from the company opined that Signature IIJS this year was overall, slow. “A lot of people have not come, especially from the North,” he says.  “The Delhi market has been weak for about the past year-and-a-half, and then recently the crackdown on illegal construction there has also negatively impacted the market.”  

Jewelex India Pvt. Ltd.’s Madhu Dhabuwala on the other hand, expressed deep satisfaction on the response her company had received at Signature IIJS. “It is a quality show,” she said. “And this year it was better than last year. The first two days were good, though today and Sunday, there were slightly fewer people.”

Jewelex   focussed on three areas for the Signature IIJS: platinum jewellery; men’s jewellery; and a range of jewellery created using a new technology which has a 3-D filigree effect. All found a good response.

Romil Jewellery’s stall is crowded even as the last day of the show is moving towards closing time. The jeweller specialises in diamond jewellery using fancies like baguettes, marquise and other cuts – which accounts for about 85% of its creations. “The show has been okay,” says Simson Jesudasan of Romil. “Not too good, not too bad either.”

Manish Jain of Royal Chains Pvt. Ltd. is another exhibitor  who felt that the Signature IIJS this year had a lower visitor turnout. “We were expecting more crowds,” he observes.  “However, business was good enough. It has been a good show for us; we had good sales.”

Jain adds: “We have recently started manufacturing Italian type of chains, which we were earlier importing. We had a very good response for it. Rose gold jewellery is particularly popular, too.”

Sangam Chains’ Jinesh Shah was one happy exhibitor. “It was an excellent show, and we got a good response – even better than last year,” he says. This company, which specialises in machine made chains from four gms to 60/70 gms, has created a niche for itself for its Combo – translated to mean a combination of ball and chain -- products.

In this welter of opinions, Shailesh Sanghani, Convenor of The Gem & Jewellery Export Promotion Council’s Exhibitions Sub-Committee articulates in the voice of reason. “The show was decent,” he avers. “Not excellent, not poor. The first day we had slightly less visitors, and then there was a small problem so we had to shut down early. But the second and third day were good and we had around 15,000 visitors on both those days. Today, on the last day, my estimate is that there are about 9,000 visitors.”

Sanghani is emphatic on one point: “Enough trading which has been done at this show.”

He feels that the market of end 2017/beginning 2018, is better than it was in the same period a year earlier. “2018 will be a good year,” he avers. “We do not expect any  hurdles to come up. And whatever issues the industry faces are being sorted out with the Government and the relevant authorities.”

His parting words are to expect bigger and better things from both the India International Jewellery Shows.

“In the future, Signature IIJS will expand, and the main IIJS will also expand – in fact the latter from this year itself,” he concludes. “We are also looking at introducing some changes, some new elements.”