India’s coloured gemstone industry is set for a transformative leap with the Jaipur Gem & Jewellery Bourse (JGJB), a pioneering initiative that aims to strengthen the country’s leadership in the global gemstone trade. As the world’s first dedicated coloured gemstone bourse, the project will create a world-class ecosystem for manufacturers, exporters, traders, and buyers while reinforcing Jaipur’s long-standing position as the global capital of coloured gemstones.
Quick Summary
- Jaipur Gem & Jewellery Bourse (JGJB) is expected to commence bookings and hold its foundation stone laying ceremony by end-June 2026.
- The project is jointly promoted by GJEPC and Jewellers Association Jaipur (JAJ).
- JGJB will be the world’s first dedicated coloured gemstone and gemstone jewellery bourse.
- The facility aims to strengthen India’s position in the global coloured gemstone value chain.
- Spread across 43,828 square metres in Sitapura, Jaipur, it will offer modern trading infrastructure and secure business facilities.
- Construction is expected to begin before Diwali 2026, with phased possession planned from 2028 onwards.
Foundation Stone Laying Ceremony and Booking Launch Expected
The Jaipur Gems and Jewellery Bourse (JGJB), a landmark initiative jointly promoted by the Gem & Jewellery Export Promotion Council (GJEPC) and the Jewellers Association Jaipur (JAJ), is set to enter a new phase of development with the commencement of bookings and the foundation stone laying ceremony expected this month.
Strengthening India’s Global Coloured Gemstone Position
The project marks a significant step in strengthening India’s position in the global coloured gemstone trade by creating an integrated, world-class business ecosystem for manufacturers, exporters, traders and international buyers.
Vision Behind the Jaipur Gems and Jewellery Bourse
Pramod Agrawal (Derewala), Chairman, Jaipur Gem and Jewellery Bourse, said “The Jaipur Gems and Jewellery Bourse is more than just an infrastructure project—it is the realization of a dream nurtured by generations of Jaipur’s gemstone community. This world-class facility will strengthen Jaipur’s position as the global hub for coloured gemstones, create new opportunities for exporters and artisans, and provide the industry with the scale, security and connectivity required to compete in the next era of global trade.”
Jaipur’s Legacy in Coloured Gemstones
Jaipur has long been recognised as the global centre for coloured gemstones, accounting for a substantial share of the world’s cutting and polishing of emeralds, rubies, sapphires, tanzanites and other precious gemstones. Over the years, the city has evolved into a major export hub, with gem and jewellery exports crossing USD 2 billion in FY 2024-25.
Industry Significance Highlighted by GJEPC
Kirit Bhansali, Chairman, GJEPC, said “The Jaipur Gem and Jewellery Bourse marks a defining moment in the evolution of India’s gem and jewellery industry. Jaipur has long been recognised globally as the heart of coloured gemstones, combining centuries-old craftsmanship with world-class manufacturing capabilities. The bourse will provide a modern, secure and internationally benchmarked business ecosystem that will enhance ease of trade, attract global buyers, and strengthen India’s position in the global coloured gemstone value chain. GJEPC is proud to partner in this visionary initiative that will drive exports, generate employment, and unlock new growth opportunities for the sector.”
World-Class Infrastructure at Sitapura
Spread across 43,828 square metres at Sitapura, the Jaipur Gems and Jewellery Bourse will provide modern trading infrastructure, secure business facilities and a common platform for the entire value chain. The project is expected to enhance ease of doing business, facilitate greater buyer-seller interaction, and improve global market access for Indian exporters.
Addressing Evolving Global Supply Chains
The bourse assumes added significance at a time when global supply chains are undergoing rapid transformation and international buyers increasingly seek transparent, secure and professionally managed sourcing destinations. By bringing the industry under one roof, the facility will strengthen Jaipur’s competitiveness and reinforce India’s standing in the international gemstone and jewellery marketplace.
Project Milestones and Construction Timeline
The project has achieved several key milestones, including obtaining major regulatory approvals and completing architectural planning. The Engineering, Procurement and Construction (EPC) tender process is currently in its final stages, with construction expected to commence before Diwali 2026. Phased possession is planned from 2028 onwards.
Catalyst for Exports, Investment and Employment
As the world’s first dedicated bourse for coloured gemstones and gemstone jewellery, the project is expected to emerge as a catalyst for exports, investment, employment generation and global trade engagement, further cementing Jaipur’s reputation as the global capital of colour.
About Jaipur Gem and Jewellery Bourse (JGJB)
The Jaipur Gem and Jewellery Bourse (JGJB) is a joint initiative of the Gem & Jewellery Export Promotion Council (GJEPC) and the Jewellers Association Jaipur (JAJ), established to create a world-class trading and business hub for the coloured gemstone and gemstone jewellery industry. Located in Sitapura, Jaipur, the bourse is envisioned as the world’s first dedicated centre for coloured gemstones and gemstone jewellery, bringing together manufacturers, exporters, traders and buyers under one roof. The project aims to enhance ease of doing business, strengthen global market access, and reinforce Jaipur’s position as the world’s leading hub for coloured gemstones.
FAQs
What is the Jaipur Gem & Jewellery Bourse (JGJB)?
The Jaipur Gem & Jewellery Bourse is a joint initiative of GJEPC and JAJ aimed at creating a world-class trading hub for the coloured gemstone and gemstone jewellery industry.
Why is the JGJB significant?
It is expected to be the world’s first dedicated bourse for coloured gemstones and gemstone jewellery, strengthening India’s role in the global gemstone trade.
Where will the Jaipur Gem & Jewellery Bourse be located?
The project is being developed in Sitapura, Jaipur, across 43,828 square metres.
When will construction begin?
Construction is expected to commence before Diwali 2026 following the completion of the EPC tender process.
How will the project benefit the industry?
The bourse will improve ease of doing business, enhance global market access, facilitate buyer-seller interactions, and support exports, investment and employment generation.
What role does Jaipur play in the global gemstone industry?
Jaipur is widely recognised as a global centre for coloured gemstones and accounts for a substantial share of the world’s cutting and polishing of precious coloured stones.
Source: SVAR Media Network
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