First Gems & Jewellery leadership summit held in Mumbai
The gems & jewellery industry is going through a phase of substantial growth and while it is still largely family managed it needs to gear up for the next decade. Some major Indian corporates are emerging as key players in the country, but in order to get a thrust for growth, organizations need to evolve from being family managed business towards corporatization. By organizing a forum like this, GJF aims to deliver a world class summit that empowers players in the field to become greater leaders. GJF's main objective is to achieve learning's that can be followed which in the long run will help bring about radically accelerated growth, profitability, and success in this industry. By creating a forum, GJF laid foundation for a platform where, people from the gems and jewellery industry can voice their concerns and opinions and take away learnings from one another's experience.
Speaking on the occasion, Vinod Hayagriv, Chairman, All India Gems and Jewellery Trade Federation, said, "The jewellery business in India is centuries old, mostly family run, with a small portion operating in the branded format. The industry is in the process of getting organised and the need is to get jewellers to maintain the best business practices as jewellers generally tend to have their own way of working. The idea is to have uniform industry standards across India to help the consumer get confidence in the purchases. The summit serves as a podium to bring the jewellers together to voice their opinion and hopefully come out with ideas and learnings from other industry experts for the betterment of the overall industry."
The summit discussed topics such as India's Gems & Jewellery Challenge- The Paradigm Shift, Financing & Credit Rating, Changing Face of Indian Retail Science, Family Business to Super Brands etc. The speakers for this summit were varied, from motivational speakers to known names from the finance sector to jewelers who operate on a national scale.