The Jaipur Gem & Jewellery Bourse, slated for completion in three to four years, will be the world’s first dedicated bourse exclusively for coloured gemstones and coloured gemstone-studded jewellery.

The project aims to provide international buyers, jewellery manufacturers, luxury brands and gemstone traders with efficient access to high-quality coloured gemstones through an organised marketplace.

Jointly promoted by the Gem & Jewellery Export Promotion Council (GJEPC) and The Jewellers Association, Jaipur (JAJ), the bourse will have more than 1,750 trading offices and kiosks, customs facilitation, gem-testing laboratories, auction facilities and a comprehensive range of trade support services. It is expected to create 60,000 additional jobs.

Pramod Agarwal, chairman of the Jaipur Gem & Jewellery Bourse and vice president of the World Jewellery Confederation or CIBJO, said, "Through strong collaboration between industry, government and global stakeholders, the Jaipur Gem & Jewellery Bourse has the potential to become a catalyst for trade expansion, investment, innovation, employment and sustainable growth across the gemstone value chain.”

GJEPC Chairman Kirit Bhansali added, “Jaipur's unmatched expertise in coloured gemstones has made it a cornerstone of the global gem and jewellery industry for centuries. The Jaipur Gem & Jewellery Bourse will strengthen India's leadership in the global coloured gemstone trade by creating a world-class ecosystem that connects heritage, craftsmanship and international commerce."

CIBJO President Gaetano Cavalieri noted that the bourse’s establishment responds to growing global demand for quality gemstones by creating an organised, transparent and responsible trading environment.

He said, "This is not something related only to India. It is something related to the world through Jaipur and through India. The Bourse has the potential to become a reference point for the global coloured gemstone industry by bringing together trade, services, sustainability and traceability within a single ecosystem."