In January, 21 Indians in the middle of 33 foreigners were arrested in Shenzhen for smuggling diamonds worth millions of dollars from Hong Kong to mainland China to avoid the 4 percent import duty.
That’s the motive not only Indian jewelry manufacturers but many others supply the products to Hong Kong first and then to Shenzhen.
Indian diamond jewelry manufacturers are still exploring the latent in the market of China even after the recent arrest.
Gems & jewelry Export promotion Council, the trade body set by the Union ministry of commerce has for the first time planned to participate in all the exhibitions there.
Every year China hosts four mega gems and jewelry events and till now India made its attendance as a visitor but now GJEPC is encouraging members to publicize the products in exhibitions as said by Vasant Mehta, Chairman of Council.
They are even willing to organize road shows of Indian jewelry designs in the major cities along with the annual buyer-seller meet, scheduled for later this year. The group executive director of one of the leading jewelry exporters Shrenuj & Company Ltd, Vishal Doshi is looking for retail chain accomplishments in China.
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