{"id":33179,"date":"2025-09-16T12:21:46","date_gmt":"2025-09-16T06:51:46","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=33179"},"modified":"2025-09-19T10:40:28","modified_gmt":"2025-09-19T05:10:28","slug":"india-saudi-partnership-shines-at-sajex-2025","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/india-saudi-partnership-shines-at-sajex-2025\/","title":{"rendered":"India\u2013Saudi Partnership Shines at SAJEX 2025"},"content":{"rendered":"

India\u2019s Gem & Jewellery Industry came together with Saudi Arabia to strengthen the Kingdom\u2019s position as a global jewellery hub in the GCC and beyond. The landmark Saudi Arabia Jewellery Exposition (SAJEX 2025), the first-ever dedicated B2B gems and jewellery event in the country, was successfully held from 11\u201313 September at the Jeddah Superdome. Organised by the GJEPC with support from the Ministry of Commerce & Industry, Government of India, the Embassy of India in Riyadh, the Consulate General of India in Jeddah, and the Ministry of Investment, Saudi Arabia, the event marked a significant step towards deeper trade, collaboration, and industry growth.<\/em><\/p>\n

The Saudi Arabia Jewellery Exposition (SAJEX 2025), the first-ever dedicated B2B gems and jewellery exhibition in the Kingdom, was inaugurated on September 11 at the iconic Jeddah Superdome. Organised by GJEPC with the support of the Ministry of Commerce & Industry, Government of India, the Embassy of India in Riyadh, and the Consulate General of India in Jeddah, the Ministry of Investment, Saudi Arabia,\u00a0 the exposition marks a new chapter in bilateral trade and cultural exchange between India and Saudi Arabia. The three-day show was Powered by IGI and further supported by Jeddah Chamber, Makkah Chamber, The Jeddah Jewellery Association, Dubai Jewellery Group, and Gold Centre, with Arabian Horizon as the official destination management company.<\/p>\n

The inauguration of SAJEX 2025 was graced by an esteemed gathering of dignitaries from India and Saudi Arabia, reflecting the strong spirit of partnership between the two nations.<\/p>\n

The ceremony saw the presence of Eng. Fahad Al Jubairy, Assistant Deputy Minister for Industrial Investment at the Ministry of Industry and Mineral Resources, Saudi Arabia; Her Royal Highness Princess Nourah Al-Faisal \u2013 Designer, Entrepreneur, and Industry Leader; H.E. Dr. Suhel Ajaz Khan, Ambassador of India to the Kingdom of Saudi Arabia; Mr. Siddharth Mahajan, Joint Secretary, Ministry of Commerce & Industry, Government of India; Mr. Khalid A. Al-Sheddi, General Manager, Investors Relations, Ministry of Investment, Saudi Arabia; Mr. Faleh Almutairi, Director, International Relations, Saudi General Authority of Foreign Trade; Mr. Fahad Ahmed Khan Suri, Consul General of India in Jeddah; Mr. Ali Saleh Batarfee Al Kindi, Head of Gold Council; Mr. R. Arulanandan, Director, Department of Commerce, Govt. of India; Mr. Kirit Bhansali, Chairman, GJEPC; Mr. Nilesh Kothari, Convener, International Exhibitions, GJEPC; and Mr. Sabyasachi Ray, Executive Director, GJEPC. Their presence highlighted the mutual commitment to fostering deeper investment, trade, and cultural ties in the gems and jewellery sector.<\/p>\n

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SAJEX marks a new chapter in India\u2013Saudi trade relations, arriving at a time when bilateral economic ties are expanding at a record pace. India-Saudi trade reached $42 billion in FY 2024\u201325, with India now the Kingdom\u2019s second-largest trading partner and Saudi Arabia its fifth-largest partner. Gems and jewellery are a recognised pillar of India\u2019s exports to the Kingdom, alongside engineering goods, food, textiles, and chemicals.<\/p>\n

India\u2019s gem and jewellery exports to Saudi Arabia rose 45% in 2024-25 to $151.5 million, led by a 55% jump in studded gold jewellery. With Saudi Arabia\u2019s jewellery market projected to nearly double to $8.34 billion by 2030, SAJEX offers a timely platform for Indian exporters to present their craftsmanship, designs, and innovations tailored for the Kingdom\u2019s discerning consumers.<\/p>\n

In his message about the first ever India\u2019s gem & jewellery show in Saudi Arabia Mr. Piyush Goyal, Hon\u2019ble Minister of Commerce and Industry, Government of India, stated, “India and Saudi Arabia have long shared a relationship founded on trust, energy cooperation, trade and people-to-people ties. Saudi Arabia remains one of India\u2019s largest trading partners in the Gulf region. In this context, SAJEX stands out as a timely and significant platform that will not only strengthen commercial ties but also open new avenues for collaboration in design, innovation and market access.”<\/p>\n

SAJEX 2025 featured 100+ exhibitors across 200 booths, with participation from India, Saudi Arabia, UAE, Hong Kong, and Lebanon. The three-day event drew more than 1,600 international trade buyers, showcasing the full spectrum of jewellery, from diamond and coloured gemstones to 18kt, 21kt, 22kt gold, platinum jewellery, lab-grown diamonds, pr\u00eat and bridal collections, gifting jewellery, and advanced jewellery technology.<\/p>\n

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Highlighting the significance of this collaboration, Mr. Jitin Prasada, Hon\u2019ble Minister of State for Commerce & Industry, Government of India, noted in a statement that, \u201cThis landmark initiative will further strengthen the deep-rooted ties between our two nations and open new avenues of collaboration in the gems and jewellery sector. It is a great initiative towards exploring and expanding new markets.\u201d<\/p>\n

At the heart of the exposition was the Global Jewellery Investment Forum, organised by GJEPC and supported by the Ministry of Investment of Saudi Arabia (MISA). The forum brought together government leaders, investors, global brands, and industry experts to explore avenues of collaboration and growth for the gem & jewellery sector in the GCC. Discussions were structured across three key sessions: Investment Prospects for the Gem & Jewellery Industry, which examined how India and Saudi Arabia can facilitate seamless global trade; Retail & Manufacturing, focused on co-creating innovative jewellery designs, products, and retail solutions for GCC consumers; and Labs & Associations, which highlighted the role of gemmological labs and trade bodies in harmonizing the market, driving consumer awareness, and building trust through certification and best practices. Collectively, the sessions underscored opportunities for bilateral investment, strengthening of industry standards, and the creation of a robust ecosystem that promotes transparency, innovation, and sustainable growth.<\/p>\n

H.E. Dr. Suhel Ajaz Khan, Ambassador of India to the Kingdom of Saudi Arabia, during the exhibition said, “<\/em>SAJEX is a landmark event. This is the first big gems and jewellery exhibition that we are organising in partnership with Saudi Arabia. It will open the doors to more trade, collaborations, investments, and partnership. India and Saudi Arabia are very strong partners across various sectors, particularly in the economic sector. Initiatives such as these also strengthen the overall economic and strategic partnership between our countries. I see a great interest and support from all our Saudi interlocutors \u2014 various ministries, Chambers of Commerce, businessmen \u2014 for this initiative, and I think it\u2019s a new beginning.\u00a0 In the years to come, this event itself will become much, much bigger and will be a big catalyst towards collaborations and partnerships.<\/p>\n

Saudi Arabia, with its $1.1 trillion GDP, is the Gulf\u2019s largest economy and a rapidly expanding luxury retail market. Its jewellery sector is projected to almost double from $4.56 billion in 2024 to $8.34 billion by 2030, driven by young consumers, urbanisation, and rising demand for design-led products.<\/p>\n

Her Royal Highness Princess Nourah Al-Faisal \u2013 Designer, Entrepreneur, and Industry Leader, remarked, \u201cI\u2019m especially delighted to be with our partners from India, who have stood by me in business for over 30 years\u2014we are truly fortunate to have you. It makes perfect sense to build an ecosystem closer to home that fosters creativity and collaboration. Our youth are incredibly talented, dedicated, and full of potential, but they need the right support\u2014educational, industrial, and more\u2014to unlock it. India\u2019s deep expertise and experience in this industry make it the ideal partner to help us build that infrastructure. Together, we can create new opportunities, open pathways, and empower a new generation of designers to achieve their dreams.\u201d<\/p>\n

Mr. Faleh Almutairi, Director, International Relations, Saudi General Authority of Foreign Trade, stated, \u201cSAJEX is not only a celebration of jewellery and craftsmanship but also a bridge of collaboration between the Kingdom of Saudi Arabia and India. I firmly believe it will be mutually beneficial, opening new doors for trade, investment, and cultural exchange that strengthen the bonds between our nations and elevate the global jewellery industry.\u201d<\/p>\n

Speaking on the occasion Mr. Siddharth Mahajan, Joint Secretary, Ministry of Commerce & Industry, Government of India said, <\/strong>\u201cOver the years, India and Saudi Arabia have nurtured a close and dynamic relationship, strengthened by thriving economic ties and a vibrant Indian community of nearly 2.7 million people in the Kingdom. This strong people-to-people connection serves as a powerful bridge, fostering mutual understanding and contributing significantly to Saudi Arabia\u2019s development. In FY 2024-25, bilateral trade between our nations stood at $42 billion, supported by strategic investments in energy cooperation and joint ventures across diverse sectors. SAJEX is being organised at an opportune time, providing a platform to further deepen collaboration in the gems and jewellery sector, unlocking new opportunities for shared growth and prosperity.\u201d<\/p>\n

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Mr. Khalid A. Al-Sheddi, General Manager, Investors Relations, Ministry of Investment, Saudi Arabia, commented, \u201cSaudi Arabia today represents one of the most dynamic jewellery markets in the Middle East. This momentum creates exceptional opportunities for partnership with India\u2019s global leadership in gems and jewellery, offering a natural alignment between Indian craftsmanship and Saudi demand. SAJEX is more than a showcase of beauty and creativity; it is a true B2B platform where businesses from Saudi Arabia, India, and around the world can come together to explore synergies, exchange expertise, and build long-term partnerships that generate prosperity for all.\u201d<\/p>\n

Mr. Fahad Ahmed Khan Suri, Consul General of India in Jeddah, expressed: “I am especially pleased to note that the inaugural year\u2019s exhibition features a dedicated Jewellery Investment Forum, which opens extensive opportunities for collaboration in design, technology, and capital investment. SAJEX 2025 will inspire new partnerships, strengthen economic linkages, and showcase the spirit of friendship between India and Saudi Arabia.”<\/p>\n

India, the world\u2019s leading supplier of gems and jewellery with $28.7 billion exports in FY 2024\u201325, sees SAJEX as a catalyst to deepen trade and investment linkages with the Kingdom.<\/p>\n

Mr. Kirit Bhansali, Chairman, GJEPC, pointed out that, “The jewellery market in Saudi Arabia is expanding at a remarkable pace, with estimates suggesting it will reach $8.34 billion by 2030. As the Gulf\u2019s largest economy, with a GDP of $1.1 trillion, Saudi Arabia is fast emerging as a key player in the global luxury and retail landscape. SAJEX represents a significant step towards deepening India-Saudi collaboration, creating new opportunities for trade, innovation, and industry leadership, while strengthening ties and unlocking the full potential of the jewellery sector in the region and beyond.”<\/p>\n

Mr. Nilesh Kothari, Convener, International Exhibitions, GJEPC, added: “SAJEX marks an important milestone in the partnership between India and Saudi Arabia. As Indian jewellers engage with Saudi buyers, we are not only showcasing exquisite craftsmanship but also building cultural bridges rooted in trust and mutual appreciation. This event sets the stage for enduring connections and new collaborations in the evolving jewellery landscape.”<\/p>\n

SAJEX 2025 has set the stage for a new era of collaboration between India and Saudi Arabia, blending India\u2019s legacy of craftsmanship with the Kingdom\u2019s vision of becoming a global hub for luxury and innovation. By fostering enduring trade partnerships, encouraging investment, and celebrating cultural exchange, the exposition reflects the shared commitment of both nations to shape the future of the global gems and jewellery industry.<\/p>\n

The dates for the second edition of SAJEX have been announced\u2014it will take place from 6\u20138 October 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"

India\u2019s Gem & Jewellery Industry came together with Saudi Arabia to strengthen the Kingdom\u2019s position as a global jewellery hub in the GCC and beyond. The landmark Saudi Arabia Jewellery Exposition (SAJEX 2025), the first-ever dedicated B2B gems and jewellery event in the country, was successfully held from 11\u201313 September at the Jeddah Superdome. 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