The Jaipur Gems and Jewellery Bourse (JGJB), a joint initiative of the Gem & Jewellery Export Promotion Council (GJEPC) and the Jewellers Association Jaipur, is set to enter a new phase of development with bookings scheduled to open and the foundation stone laying ceremony expected this June.
Spread across 43,828 sq. metres at Sitapura in Jaipur, the project will provide modern trading infrastructure, secure business facilities and a common platform for the gems and jewellery value chain.
Obtains key regulatory approvals
The bourse aims to improve ease of doing business, enhance buyer-seller engagement and strengthen access to global markets.
The project has secured key regulatory approvals and completed architectural planning. The EPC tender process is in the final stage, with construction expected to commence before Diwali 2026. Phased possession is planned from 2028 onwards.
Strengthening Jaipur’s Global Leadership
Jaipur is widely regarded as the global hub for coloured gemstones, accounting for a significant share of the world’s cutting and polishing of emeralds, rubies, sapphires, tanzanites and other precious stones. The city’s gem and jewellery exports crossed $2 billion in FY25.
“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,” said Jaipur Gem and Jewellery Bourse Chairman Pramod Agrawal (Derewala).
“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,” said GJEPC Chairman Kirit Bhansali.
Global Trade Catalyst
The project comes at a time when global supply chains are being reshaped and international buyers are increasingly seeking transparent and professionally managed sourcing destinations.
By bringing the industry under one roof, the bourse is expected to improve competitiveness, facilitate trade and reinforce India’s position in the international gemstone and jewellery market.
Billed as the world’s first dedicated bourse for coloured gemstones and gemstone jewellery, JGJB is expected to emerge as a major catalyst for exports, investment and employment generation, further strengthening Jaipur’s reputation as the global capital of coloured gemstones.