The 5th Kolkata Jewellery & Gem Fair (KJGF) opened its doors on Saturday, celebrating the rich jewellery heritage of East India while setting sights on boosting the region's stake in India’s $43 billion jewellery market, which is growing at an impressive 17% CAGR.  

The three-day event, held at a state-of-the-art venue, showcases over 60 exhibitors and 200 leading brands, presenting a diverse array of innovative jewellery designs. Dignitaries including West Bengal Chief Secretary Manoj Pant and West Bengal Industrial Development Corporation (WBIDC) Managing Director Vandana Yadav inaugurated the fair, emphasizing its potential to enhance Bengal’s reputation as a jewellery hub.  

Bridging Tradition and Innovation  

Addressing attendees, Vandana Yadav underlined the need for blending Bengal’s traditional jewellery craftsmanship with modern innovation. “Jewellery has long been integral to Bengal’s cultural and economic identity. To sustain this legacy, we must adapt to emerging market trends and technological advancements,” Yadav said.  

She also highlighted the success of the Gems & Jewellery Park at Ankurhati, near Kolkata, which has improved working conditions for artisans and streamlined production processes. Initiatives such as the Common Facility Centre and training programmes are equipping local craftsmen with modern techniques, enabling them to meet global standards and bolster Bengal’s presence on the national jewellery map.  

Driving Growth Through Collaboration  

Yadav pointed out the significance of hallmarking and standardisation in building consumer trust, while praising platforms like KJGF for fostering industry collaboration and attracting investments. She urged stakeholders to utilise Bengal’s expanding infrastructure and hotel ecosystem to host more industry events.  

A Key Player in India’s Jewellery Market  

The gem and jewellery market in India, valued at $43.71 billion in 2023, is projected to grow to $133.96 billion by 2030. The eastern region contributes approximately 15% to this market, with Kolkata playing a vital role in jewellery craftsmanship and exports.  

KJGF’s focus on innovation, sustainability, and artisan empowerment highlights its commitment to helping East India maintain its influential position in the country’s jewellery industry. The fair concludes on November 25, offering a vibrant platform for business opportunities and cultural celebration.