Karachi, May 03: Pakistan Gems and Jewellery Development Company (PGJDC) has organized 6th Gem Bazaar in Peshawar at its Gem Exchange at Khayal Arcade Namak Mandi, Peshawar today.

This “Gem Bazaar” is the sixth of its kind in Peshawar, which shows the PGJDC’s commitment for consistent efforts to promote Pakistani Gemstone sector and also to provide a lucrative opportunity and platform for those interested in buying and selling gemstones and mineral specimen under one roof in secured environment. The interested buyers will be exposed to quality products on competitive prices, which will add tangible value to their business endeavors.

A 30-member delegation of gemstones buyers from Lahore and 15-20 buyers from Karachi also visited the “Gem Bazaar” to explore the potential of variety of precious gemstones under one roof. In this Gem Bazaar, around 30 exhibitors have displayed their gemstones and mineral specimen for the interested buyers. A variety of gemstones and mineral specimen were displayed under one roof, where interested buyers had the maximum exposure to a wide range of quality display.

A PGJDC official said that Pakistan has huge potential of exporting its precious and semi precious stones after value addition and can earn millions of dollars in foreign exchange. Official said that unfortunate part is that we have been exporting our gemstones without value addition thus are unable to fetch the right price for our exports. PGJDC is working on several projects to impart the required skills and education to the stakeholders so that they could recognize the importance of exports after value addition.

He said that “Gem Bazaar” has been organized in a professional manner to ensure high security and transparency in trading. The Gem Bazaar will be an ongoing feature which will contribute immensely to the continuous efforts that PGJDC is putting in for the development of Gems & Jewellery industry of Pakistan.”

He said “such initiatives by the Company will boost confidence, motivation and trust on PGJDC’s initiatives for the development of the industry. It will further enhance the value chain productivity of the sector, which will also enable the miners to rise above unnecessary exploitation and deprivation from direct trading. The interested buyers will be exposed to quality products on competitive prices, which will add tangible value to their business endeavors.”