The first bourse ever built exclusively for coloured gemstones is taking shape in India. It will not change where Canada’s best stones come from — but it tells you exactly where the trade is heading.
On 20 June 2026, the President of CIBJO – The World Jewellery Confederation, Gaetano Cavalieri, met the Chief Minister of Rajasthan to advance a project industry leaders are openly calling transformative: the world’s first bourse built exclusively for coloured gemstones and colour-stone jewellery. Promoted by the Gem & Jewellery Export Promotion Council and the Jewellers Association Jaipur, the Jaipur Gem & Jewellery Bourse will gather manufacturers, traders, gem-testing laboratories, customs, logistics and auction facilities under a single roof.
The scale tells the story: more than 1,750 trading offices, on-site customs facilitation, gemmological laboratories and auction halls, backed by the Government of Rajasthan. A trade that has run for centuries on private relationships is being consolidated into one organised, transparent, traceable marketplace. Cavalieri was explicit that this is not an India-only story: “It is something related to the world through Jaipur and through India.”
The timing is not an accident. The global coloured-gemstone market is projected to grow from roughly USD 1.9 billion in 2025 to USD 5.7 billion by 2035 — over 11 percent a year — with bridal demand the primary engine and sapphires, emeralds and rubies increasingly chosen as centre stones rather than accents. The infrastructure is being built to meet a demand curve that is already bending upward.
Read it as a signal, not a destination. The bourse is years from proving its timelines, its access terms for foreign buyers, and its pricing stability. What it confirms is the direction every serious supplier is now moving in: organisation, transparency, traceability. At Byrex, that has been the standard since 1988 — which is why the news reads less like disruption to us and more like the rest of the world catching up.
