Gems and Jewellery Exports Reaches to $649 million

ISLAMABAD April 16, 2011: The gems and jewelery sector of the country achieved significant milestones during last three years as the exports in the sector jumped from US $ 289 million in 2008-09 to $ 649 million in 2009-10.

Since the government has made the intervention to develop the Gems and Jewelery Sector with the objective of Enhancing Foreign Exchange Earnings from Exporters, we have seen major jump from $ 289 million in 2008-09 to $ 649 million in 2009-10, sources in Pakistan Gems and Jewellery Development Company (PGJDC) told Associated Press of Pakistan (APP) on Monday.

The sources said that over the last three years the company has successfully launched projects of Gems and Jewellery Training and Manufacturing Center and Gem Lab in six different cities of the country including Karachi, Lahore, Quetta, Peshawar and Gilgit to enhance the value chain productivity from mine to market.

These projects have started contributing to the development of the industry at a very significant level providing a lucrative platform to the sector to develop their trade locally and internationally, the sources added.

The company has so far successfully trained more than 4100 people in various segments of the industry. The trainings that the company has launched include Manual Jewellery Designing, Computer Aided Jewellery Designing (on Matrix with CAD/CAM technology), Gemstone Identification, Gemstone Faceting, Gemstone Carving, Colored Gemstone Grading, Diamond Grading.

The company has also launched a one year Diploma on Intensive Jewellery Designing in Karachi, they added.

PGJDC has been regularly participating in different international Gems and Jewellery Exhibition held in various parts of world including Bangkok, Hong Kong, Dubai, USA and Germany.

The company has also organized 21 Gems Bazaars across the country including a Mega Gem Bazaar in Islamabad in January this year.

In future the PGJDC has a plan to establish Mobile Training Centres, Diamond Cutting and Faceting Set-Up in the country, Mega Gems Bazaars to attract international buyers and introduction of Assaying and Hallmarking in the country to assure Best Quality Exports of the sector to build consumer confidence, the sources concluded.

Source: http://www.aaj.tv/