New Trends In the Gems And Jewellery Sector
Most commonly, jewellery is bought for weddings and at joyous occasions. Due to its value, Gold is also purchased and stored as a form of savings or investment. Innovative trends in jewellery designs are a symbol of style and fame. This opens new opportunities for entrepreneurs. Jewellery manufacturing is carried out in more than 30 major cities and 300 towns of Pakistan. Goldsmiths’ and Jewellers’ network is spread even in villages. Moreover, there are more than 45,OOO Villages in the Country where jewellers operate as single shops, manufacturing and selling units to meet the constant and consistent demand of the people. Throughout Pakistan about 530,000 people are employed in the Gems and Jewellery sector from Mine to Market.
Pakistani Gems and Jewellery exporters have identified and tapped markets of Gems and Jewellery in the Sub-continent, Middle East, Far East and Western Countries. Affluent expatriates are the major buyers of traditional and modern jewellery manufactured in Pakistan. This opens new prospects for local manufacturers to market their products worldwide. The Ministry of Industries and Production, through PGJDC, is focusing on Skill Development and Technology Up-gradation to help the industry’s growth. PGJDC’s major emphasis remains on the development of interactions between local business community and the international market to develop B2B linkages; as such, the local business community has developed understanding to create new designs and competitive products targeting global markets by showcasing the same in international Gems and Jewellery shows worldwide.