Fiera Di Vicenza has signed an international collaboration agreement with the Gem & Jewellery Export Promotion Council in India (GJEPC). Trade relations will be getting off to an advantageous start with the two main global jewellery business ‘mediators,’ Fiera di Vicenza’s VicenzaOro and the India International Jewellery Show in Mumbai in the jewellery and jewellery-processing machinery and technology sector.
The collaboration agreement was signed at JCK Show in Las Vegas, where the Italian Club of VICENZAORO presented 132 top names in the Italian gold and jewellery industries.
India, which is emerging as a leading world market generating gold and jewellery demand, represents an enormous opportunity for Italian goods despite its rather unfriendly customs system.
Encouraged by this trend, Fiera di Vicenza has been making significant efforts to develop business relations in the area by identifying ad hoc projects for the Italian gold and jewellery industry, and the New Delhi Government’s recent official declarations about willing to radically lower the current customs duties, speeded up the entire process.
Fiera di Vicenza will act as the exclusive representative for all the jewelry producing Italian provinces and companies taking part in JCK.
This initiative is an important step towards renewing Indian participation at VICENZAORO events.
Fiera di Vicenza released the new FDV 2011/15 strategic plan that was launched last year and already signed an important agreement with the Dubai World Trade Centre (DWTC) at the CIBJO Congress in May. In line with this new strategy Fiera di Vicenza will become the intermediary for Italian and European gold, jewellery and jewellery technology companies facilitating their presence in world markets.
In 2011, India was the world’s number one country in terms of gold and jewellery demand with a market share of 28.9%, followed by China with a market share of 26.1%.
Veronica Novoselova, Rough&Polished correspondent in Italy
