Page 33 - Bullion World Volume 4 Issue 7 January 2024

Bullion World | Volume 4 | Issue 7 | July 2024

Silver Show Of India (SSI) -

Mumbai,2024

Ms Khushi Verma, Marketing Executive, Eventell Global Advisory Pvt Ltd

The second edition of the Silver Show of India (SSI), the country's largest and only trade show dedicated to silver,
took place at the Jio World Convention Centre in Mumbai from June 7th to June 10th, 2024. This significant event
celebrated the artistry of silver craftsmanship and attracted industry leaders, enthusiasts, and distinguished guests
from around the globe.

The inauguration was attended by prominent figures such as Mangesh Kudalkar, MLA of Maharashtra State
Legislative; Saiyam Mehra, Chairman of the Gem and Jewellery Council (GJC); Pramod Agarwal, President of
the National Gems and Jewellery Council of India (NGJCI); Ba Ramesh, Joint Managing Director of Thangamayil
Jewellery Ltd; Varghese Alukka, Managing Director of Jos Alukkas Group; and Rajiv Jain, Honorable Secretary of
the Jaipur Jewellery Show (JJS). Other notable attendees included Prithviraj Kothari, National President of the India
Bullion and Jewellers Association (IBJA); Dr. Chetan Kumar Mehta, Chairman of Silver Show India and President of
the Jewellery Association Bangalore (JAB); Surendra Mehta, National Vice President of IBJA; and Sreekanth Urs,
Managing Director of GES India Inc.

The event showcased a stunning display of silver jewelry, featuring intricately crafted necklaces, bracelets, earrings,
and rings. Visitors admired the blend of traditional and modern designs, showcasing the versatility of silver.
Additionally, the exhibition displayed a range of silver artifacts, such as decorative items, sculptures, and home
decor, highlighting the cultural significance and heritage of silver. The Silver Show aims to unite industry leaders,
experts, and enthusiasts to discuss trends, challenges, and innovations in the silver market. The Silver Show India
played a crucial role in promoting and attracting a diverse and engaged audience who were eager to participate in
the discussions. Overall, the Silver Show of India was a tremendous success, showcasing the latest designs and
innovations in silver jewelry, reflecting the vibrant and growing silver trade in India.

Silver Jewellery Market Insights

Introduction
A small survey was undertaken with 15 silver jewellery manufacturers and 27 retailers to gain a better understanding
of the structure of the silver market. This report presents key findings from the survey, highlighting trends, challenges,
and opportunities within the silver jewellery sector.

Manufacturers' Insights What is your turnover?
From which state are you from? • 60% of manufacturers report a turnover of 50-100
• 33.3% of the maufactures were from Gujarat crores.
• 26.7% were from Maharashtra • 20% have a turnover of 25-50 crores.
• 13.3% were from Rajasthan • 13% exceed 100 crores in turnover.
• 6.7% were from Karnataka • 10% have a turnover of less than 10 crores.

Graph: Employee Distribution among Manufacturers Graph: Turnover Statistics of Manufacturers

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