In a significant collaborative effort between the Gem & Jewellery Export Promotion Council (GJEPC) and the Jewellers Association Jaipur, a dynamic initiative is poised to reinvigorate the gem export industry in India, while simultaneously heralding a wave of employment opportunities. This development is set to play a pivotal role in propelling the local economy forward and contributing to the overall progress of the state.

The approved allocation of land will be channeled to the Special Purpose Vehicle (SPV) of the Jaipur Gem and Jewellery Bourse, a dedicated entity established to oversee the creation of the Gem Bourse. This pivotal unit will secure a 99-year lease for the land at a rate three times higher than the industrial reserve rate. This strategic approach not only aims to nurture the gem and jewellery sector but also fosters economic growth by cultivating a conducive environment for trade and investment.

Mr. Vipul Shah, Chairman of GJEPC, affirmed, “The endorsement from the Rajasthan Government regarding land allocation marks a watershed moment for the gem and jewellery industry. This landmark step is set to pave the way for an advanced trading platform that will garner global attention and reinforce Jaipur's stature as a prominent global hub for gem and jewellery.”

The ambitious Gem Bourse project is projected to generate approximately 60,000 direct and indirect employment opportunities, infusing vigor into the local workforce and economy alike. This infusion of jobs is expected to trigger a positive ripple effect, influencing various sectors and contributing significantly to the holistic socio-economic advancement of the state.