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【Antananarivo】International Gem and Jewelry Fair: 50 Exhibitors and 25,000 Visitors Expected

Editor’s Note

**Editor’s Note:** This article previews the upcoming International Gem and Jewelry Fair in Madagascar, highlighting the expected participation of 50 exhibitors and 25,000 visitors. We examine the significance of this event for the local economy and the gemstone industry.

Economy

13 October 2018

International Gem and Jewelry Fair: 50 Exhibitors and 25,000 Visitors Expected

The IGM and BCMM are the organizers of the International Gem and Jewelry Fair of Madagascar.
Gemmology and lapidary are still very open sectors in Madagascar, with numerous opportunities.
Madagascar is very rich in gemmology. However, the country does not benefit much from these riches. Worse, in the absence of reliable statistics on the sector, gemmology in Madagascar is still largely dominated by the informal sector. It is precisely with the aim of better professionalizing the sector that the Institute of Gemmology of Madagascar (IGM) and the Mining Cadastre Bureau of Madagascar (BCMM) have decided to organize the first International Gem and Jewelry Fair of Madagascar.

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Major Event

The event, which is in its very first edition and will be held from October 23 to 27 at the Mining Business Center in Mamory Ivato, aims to be one of the major gatherings in the Indian Ocean for gems.

“The objective of the International Gem and Jewelry Fair in Madagascar is to showcase the diversity of Madagascar’s subsoil products and establish the Madagascar label for gems and jewelry; and notably to interconnect the local market with international gem markets,” explained Rasolonjatovo Andrianirina, Director General of IGM, yesterday during a press conference held at Colbert.

About fifty professional exhibitors will present their products and expertise in gems and jewelry. These exhibitors are primarily lapidaries, jewelers, goldsmiths, and economic operators, as well as Malagasy artisans from different regions such as Sakaraha, Ilakaka, and Antsirabe.

Free Entry

Approximately 25,000 visitors are expected at this free-entry fair.

“Entry will not be charged, because our goal is to make known, to professionals and the public, the opportunities offered by the gemmology and lapidary sector in Madagascar,” according to the IGM Director General.

He added:

“Gemmology is a very open sector and there are enough opportunities to allow Malagasy economic operators to break into the market.”

Visitors will also have the chance to discover sapphires, emeralds, tourmalines, rubies… which have made Madagascar famous in this field. Sector specialists and international buyers are also expected. However, one of the highlights of this Fair will likely be the series of information-rich conferences. Notable among them is the conference titled “Traceability, Ethics, and Sustainable Development of Gems with Corresponding Challenges,” presented by Didier Girard, President of the French Gemmological Association, and also a member of the Academy of Overseas Sciences, the Asian Society, and the Society of French Explorers. For his part, IGM Director General Rasolonjatovo Andrianirina Razafinjato will present a conference on the theme: “Investing in the Field of Precious Stones: Opportunities.” Charles Lawson, a renowned Australian gemmologist and geologist, will give a brief overview of his experience in the mining industry and how it can positively influence the local population. This presentation will be followed by the screening of a short film showing the journey of a precious stone in Madagascar, from the miner to the final consumer, passing through the broker, the lapidary, and the jeweler.
A lapidary competition will also be organized on the sidelines of the fair. This competition will serve as a tool to promote Malagasy gem and lapidary products, as the winners will be rewarded through the export of their products to the international market.
R.Edmond.

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⏰ Published on: October 13, 2018