The Jaipur Gems and Jewellery Bourse (JGJB), a landmark initiative jointly promoted by the Gem & Jewellery Export Promotion Council (GJEPC) and the Jewellers Association Jaipur (JAJ), is set to enter a new phase of development with the commencement of bookings and the foundation stone laying ceremony expected this June.
The project marks a significant step in strengthening India’s position in the global coloured gemstone trade by creating an integrated, world-class business ecosystem for manufacturers, exporters, traders and international buyers.
Pramod Agrawal (Derewala), Chairman, Jaipur Gem and Jewellery Bourse, said, “The Jaipur Gems and Jewellery Bourse is more than just an infrastructure project—it is the realisation of a dream nurtured by generations of Jaipur’s gemstone community. 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.”
Jaipur has long been recognised as the global centre for coloured gemstones, accounting for a substantial share of the world’s cutting and polishing of emeralds, rubies, sapphires, tanzanites and other precious gemstones.
Over the years, the city has evolved into a major export hub, with gem and jewellery exports crossing USD 2 billion in FY 2024-25.
Kirit Bhansali, Chairman, GJEPC, stated, “The Jaipur Gem and Jewellery Bourse marks a defining moment in the evolution of India’s gem and jewellery industry. Jaipur has long been recognised globally as the heart of coloured gemstones, combining centuries-old craftsmanship with world-class manufacturing capabilities. 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. GJEPC is proud to partner in this visionary initiative that will drive exports, generate employment, and unlock new growth opportunities for the sector.”
Spread across 43,828 square metres in Sitapura, the Jaipur Gems and Jewellery Bourse will provide modern trading infrastructure, secure business facilities and a common platform for the entire value chain. The project is expected to enhance ease of doing business, facilitate greater buyer-seller interaction, and improve global market access for Indian exporters.
The bourse assumes added significance at a time when global supply chains are undergoing rapid transformation and international buyers increasingly seek transparent, secure and professionally managed sourcing destinations. By bringing the industry under one roof, the facility will strengthen Jaipur’s competitiveness and reinforce India’s standing in the international gemstone and jewellery marketplace.
The project has achieved several key milestones, including obtaining major regulatory approvals and completing architectural planning. The Engineering, Procurement and Construction (EPC) tender process is currently in its final stages, with construction expected to commence before Diwali 2026. Phased possession is planned from 2028 onwards.
As the world’s first dedicated bourse for coloured gemstones and gemstone jewellery, the project is expected to emerge as a catalyst for exports, investment, employment generation and global trade engagement, further cementing Jaipur’s reputation as the global capital of colour.
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