Gems and Jewellery Export Promotion Council (GJEPC) announced that they will be cutting rates of IIJS Premiere and Signature in its upcoming editions at a press conference held yesterday at Trident Hotel, Bandra Kurla Complex, Mumbai.

Pramod Agarwal, Chairman, GJEPC said, "April to August exports totaled to $18.8 billion as compared to $20.4 billion at the same time last year. This amounts to a 7.58% decrease from 2018. GJEPC expects exports to grow to $75 billion in 5 years and 2 million new jobs to be created." For the last 6 years, G&J exports have been declining and in current FY 2019-20 (April-May) the exports has declined by 7.85%. Coincidentally, the participation prices for GJEPC's IIJS Premiere and IIJS Signature have also been slashed down - for ordinary and ordinary + MSME members by 15%, MSME by 10% and associate members by 5%.