Foundation Stone Laying and Bookings Expected by End-June 2026; World’s First Dedicated Coloured Gemstone Bourse to Take Shape in Jaipur
Key Highlights
- Jaipur Gems and Jewellery Bourse (JGJB) bookings and foundation stone laying are expected by the end of June 2026.
- Jointly promoted by GJEPC and Jewellers Association Jaipur (JAJ).
- World’s first dedicated bourse for coloured gemstones and gemstone jewellery.
- Located in Sitapura, Jaipur, spread across 43,828 square metres.
- Designed to create an integrated ecosystem for exporters, traders, manufacturers and global buyers.
- Jaipur’s gem and jewellery exports crossed USD 2 billion in FY 2024-25.
- Construction expected to begin before Diwali 2026.
- Phased possession planned from 2028 onwards.
- Project expected to boost exports, investment, employment and global trade engagement.
- Aims to strengthen India’s leadership in the global coloured gemstone market.
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 poised to enter a significant new phase with the commencement of bookings and the foundation stone laying ceremony expected later this month.
Positioned as the world’s first dedicated bourse for coloured gemstones and gemstone jewellery, the project aims to strengthen India’s role in the global coloured gemstone value chain by creating a world-class integrated ecosystem for manufacturers, exporters, traders and international buyers.
The upcoming bourse is expected to further consolidate Jaipur’s long-standing reputation as the global centre for coloured gemstones. The city plays a critical role in the cutting and polishing of emeralds, rubies, sapphires, tanzanites and several other precious gemstones, while serving as a major export hub for the industry. Gem and jewellery exports from Jaipur crossed USD 2 billion during FY 2024-25, underlining the city’s growing importance in international markets.
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 realization 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.”
Spread across 43,828 square metres in Sitapura, Jaipur, the proposed bourse will offer modern trading infrastructure, secure business facilities and a common platform designed to bring together the entire gemstone and jewellery value chain under one roof.
Industry stakeholders believe the project will significantly improve ease of doing business, enhance buyer-seller interactions and create greater access to global markets for Indian exporters. The timing of the project is particularly significant as international supply chains continue to evolve and buyers increasingly seek transparent, secure and professionally managed sourcing destinations.
Kirit Bhansali, Chairman, GJEPC, said:
“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.”
The project has already achieved several important milestones, including obtaining key regulatory approvals and completing architectural planning. The Engineering, Procurement and Construction (EPC) tendering process is currently in its final stages, with construction expected to commence before Diwali 2026.
According to project timelines, phased possession of the facility is expected to begin from 2028 onwards.
As the first dedicated coloured gemstone bourse globally, JGJB is expected to emerge as a major catalyst for exports, investment, employment generation and international trade engagement, further strengthening Jaipur’s standing as the global capital of colour and reinforcing India’s leadership in the worldwide coloured gemstone industry.
Related Coverage
GJEPC Showcases Indian Craftsmanship and Design Excellence at JCK Las Vegas 2026
GJEPC Launches India’s First Industry-Led Innovation Challenge for Gems & Jewellery Startups
GJEPC Becomes First Industry Body to Join Natural Diamond Council Under Luanda Accord Framework
GJEPC Leadership Meets Maharashtra Chief Minister Shri Devendra Fadnavis to Discuss Key Industry Priorities
GJEPC Chairman takes bold stance on Recent Hike in Gold Import Duty and Agri Cess
