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AFRICAN GEMS AND JEWELLERY EXHIBITION AND SEMINAR (AGJES) 2019

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Abuja Chamber Of Commerce and Industry

KM 8 Umaru Musa Yar'Adua Road

Abuja, Federal Capital Territory

Nigeria

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The Abuja Chamber of Commerce and Industry (ACCI) in partnership with the African Gems and Jewellery Exhibition and Seminar (AGJES) is organizing the AGJES Tradeshow 2019 themed; Mines to Market: Branding and Investment; Africa to the World.

In attendance will be jewellers, gemstone miners and marketers, gemstones mining experts and jewellery industry experts. The objective is to showcase the vast diversity of Nigerian and African gemstones and jewellery designs in addition to networking, finding potential business partners; all targeted to shaping the future outlook of the industry.

The Global gemstone and jewellery industry is currently worth about US$300 billion and is projected to cross US$443 billion by 2022, a healthy growth of over 4.73% per annum, chiefly driven by supportive legislations regarding the authenticity of the jewellery, aggressive marketing and promotional strategies by leading jewellery companies and rising women employment and resultant dual household budgets, elevated spendable income and its demand for religious and customary purposes.

This huge market has as its Global leader India with a market share of about US$60 billion as recorded in 2017 and is expected to reach $100-110 billion by 2021-2022, and contributes around 7 per cent of the country’s GDP employing over 4.64 million workers which is projected to rise to 8.23 million by 2022.

It is a well-known fact that the Nigerian economy does not benefit financially from the lucrative trade in its gemstones. Current contribution of the solid minerals sector to GDP averages about a paltry 0.3%. This loss of revenue owes largely to laundering. The former Minister of Mines and Steel Development, Dr. Kayode Fayemi, has said gemstones worth $3 billion are exported annually from Nigeria, but mostly unofficially.

It is also noteworthy to point out that Nigeria contributes about 10% (US$1.2 billion) of the total US$12 billion revenue generated annually by Thailand from gemstone.5 We are losing tremendously on all sides and it is therefore critical to urgently revisit our disorganized gemstone and jewellery sector and turn the tables by making Nigeria a global hub just as India has done.

It is with this in mind that the AGJES Tradeshow in its 3rd edition intends to expand the boundaries dealing with issues focusing on developing this sector to improve processes along the value chain and birth great African brands that can compete globally. We are looking at overall packaging in our downstream areas for exports and to meet international standards and ensure that the Nigerian economy benefits financially from the sector.

Current collaborators are: The Ministry of Mines and Steel Development (MMSD), Raw Materials Research and Development Council (RMRDC), Abuja Chamber of Commerce and Industry (ACCI), Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Women in Mining (WIM), Miners Association of Nigeria (MAN), Gemologists and Jewelers Association of Nigeria (GJAN), Faceters Guild of Nigeria (FGN), Gemstone Miners and Marketers Association of Nigeria (GMMAN) and GIA Alumni Association.

We are excited about the confirmed attendance and participation of the Gemological Institute of America (GIA) in this year’s Tradeshow.

Find more information on www.agjes.com

EVENT DETAILS:

7th August - GMMAN Annual General Meeting

8th August - Opening Session & Seminars AGJES Tradeshow

9th August - Master Classes and Exhibition

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Abuja Chamber Of Commerce and Industry

KM 8 Umaru Musa Yar'Adua Road

Abuja, Federal Capital Territory

Nigeria

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