E-commerce workshop for gemstones, jewellery sector

LAHORE:The Gold and Gem Art Promotion Council of Pakistan (GGAPCP) launched the first e-commerce workshop for the gemstones and jewellery sector. In collaboration with an authorised channel partner, Web Excel, this initiative aims to propel the industry into the global e-commerce arena.

The workshop saw participation from business leaders across Lahore and other cities of Punjab. Speaking at the event, GGAPCP President and Chairman of the Lahore Division Sarafa & Jewellers Association, Muhammad Ahmed, expressed his pride in this milestone. ‘It is a great honour for GGAPCP to lead this initiative for the gemstone and jewellery sector,’ he said. He also highlighted the Council's previous achievements, such as the launch of the first website and magazine dedicated to gemstones and jewellery in 2000.

Ahmed emphasised that this e-commerce initiative would push the sector into the global marketplace, providing access to over 200 countries through different platforms. ‘We are now placing this sector in the most advanced era of e-commerce,’ he added.

To further support this endeavour, GGAPCP has established a dedicated e-commerce department, appointing Nasir Arif Janjua as the Director of E-commerce and Strategic Research.

In his address, Janjua provided a comparative analysis of e-commerce markets in neighbouring countries, noting that China ranks first and India sixth, while Pakistan stands at 46th. He outlined the potential for Pakistan to accelerate its growth, particularly in the gemstone and jewellery sector, which has an annual global market potential of $30 billion. Janjua also discussed the opportunities for foreign direct investment (FDI) from China, which is interested in investing in this sector, thus creating a dual growth scenario for both e-commerce and FDI.

Shahbaz Siddiqui, CEO of Web Excel, highlighted the importance of e-commerce for the gemstone and jewellery industry. He assured the business community of completing in-house services, from IT support to e-commerce solutions. At the conclusion of the event, Siddiqui presented shields to Muhammad Ahmed and Nasir Arif Janjua in recognition of their contributions to the initiative.