ISLAMABAD – Gem Bazaar , an innovative concept brought forward by Pakistan Gems and Jewellery Development Company (PGJDC) has gained popularity in a very short span of just one year.
It has done wonders in terms of bringing together the number of buyers and sellers of gemstones under one roof. Gem Bazaars have opened the door of numerous opportunities to the local stakeholders of gemstone sector. This unique event of Gem Bazaar takes place almost every month at Peshawar, Quetta, Islamabad and Lahore. “Pakistan relishes the luxury of abundant and valuable gemstone treasures buried in its lands. The actual potential of gemstone industry of Pakistan is hard to grasp unless it is observed in the ardent environment of a Gem Bazaar”, official said. He said Gem Bazaar is a unique concept where buyers and sellers meet each other and engage in gemstone trade, adding it has been brought forward to expedite and substantiate the local trade among the trade members of gemstone sector.
The availability of gemstone identification laboratory ensures transparent and fair trade of precious/semi-precious gemstones and mineral specimen which are brought in, from all across the country, the official added.
These Gem Bazaars have provided the gemstone dealers and buyers with a lucrative platforum, to meet and wrap-up business deals in the most transparent and fair environment.
“The idea behind introducing Gem Bazaar is to build and enhance the value chain productivity resulting in increase of business relationships between the buyers and sellers”.
Business relationships developed during Gem Bazaar can be exploited further, to eventually boost the exports and local trade.
Official said the Gem Bazaars reflect PGJDC’s commitment for consistent efforts to promote Pakistani gemstone sector and also to provide a lucrative opportunity and platforum for those interested in buying and selling gemstones and mineral specimen under one roof in a secured environment.
The interested buyers are exposed to quality products at competitive prices, which add tangible value to their business.
The Gem Bazaar also motivates miners to rise above unnecessary exploitation and deprivation from direct trading.
In future PGJDC intends to organize Gem Bazaars in Gilgit,
Muzzafabad, Sukkur and Malakand as well, he said.