India Bullion and Jewellers Association (IBJA) Vice-President for Telangana, Murali Krishna said that the Hyderabad market for investments in gold and diamonds has been booming over the last five years and shows great potentiality for future.
As the city gears up for the 15th milestone edition of the Hyderabad Jewellery, Pearl and Gem Fair (HJF 2023), the organisers of the exhibit said that the event will feature over 650 exhibits and over one lakh designs of jewellery. The turnkey exhibition will be held on June 9, 10 and 11, at HICC, Novotel, HYTEC City. The show, organised by Informa Markets in India, India’s B2B (Business to Business) exhibitions organiser, is being held in association with HYTEC City Jewellery Manufacturers Association (HJMA) and, for the first time, India Bullion and Jewellers Association (IBJA).
Speaking on the gold market in India, Murali Krishna said, “This expo is a platform to celebrate the collaboration of global players. Hyderabad has a lot of potentiality, consumption and purchase power. While real-estate investments are always there, gold and diamond investments are taking a major place in investments in Hyderabad. The investments in these markets are continuously growing year on year and this only calls for opportunities.”
Further, he said “Gold prices are increasing continuously. But when you see the graph from a longer perspective, It will be in a higher trend. Since gold is a safe investment and its value only appreciates, gold’s value in the global market will have 50 per cent appreciation in the next three years.”
Yogesh Mudras, Managing Director, Informa Markets in India said, “The gem and jewellery industry is a dynamic and growing one. India is the second-largest gold consumer in the world, and its gems and jewellery sector is one of the largest. In 2022-23, the industry’s exports reached Rs 3,00,462.52 crore. We are confident that the 15th edition of the HJF will be a great success and will contribute to the sustained development of the gems and jewellery sector, especially in the south.”
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