Sambhav Gems

Sambhav Gems, Manufactures Tanzanite Gemstones, Indian Gems, Tanzanite Gemstones Jaipur, Colour Gemstones Jaipur

  Sambhav Gems:: Leaders in Gemstone Manufacturing, Jaipur

One will come across very few industry players in the gems and jewellery sector of India who are first generation players in the gems and jewellery sector of India-Rajiv Jain, Vice Chairman, GJEPC is one of them. Rajiv Jain, the Managing Director, Sambhav Gems is not only handling his business operations skilfully, he is at the forefront when it comes to activities at JJS, GJEPC and ICA activities. In Hindi Sambhav means possible and Jain thinks his company name really reflects his optimistic attitude towards life and even we think so.

The family-run companies set the Indian gems and jewellery industry apart from other jewellery companies in the world. The majority of jewellers are into jewellery business from many generations. And one will come across very few industry players who are first generation players in the gems and jewellery sector of India-Rajiv Jain, Vice Chairman, GJEPC is one of few. When Jain entered jewellery business, there was hardly any gemmology school in India. He took basic lessons in gemstones and jewellery from his friend's father, who was into jewellery business. He received warm welcome from the industry. Sharing his acquaintance with the industry, Jain says, "I don't believe, the Indian gems and jewellery industry is closed one. And if it would have been, I would have not been at the position where I am today. I would have not become vice chairman of GJEPC, not secretary of JJS and one of the directors at ICA."

Rajiv Jain started his professional journey with the industry in 1986-as one of the partners of Vaibhav Gems. After a spilt up with Vaibahv Gems in 1999, Jain founded Sambhav Gems in 2001. Sambhav means in Hindi possible and Jain thinks his company name really reflects his attitude towards life. "I am very optimistic person. I think everything is possible, provided you take adequate efforts to it happen."

Sambhav Gems was the first company in India which started the cutting and polishing tanzanite on commercial scale. When asked whether he deals into precious or semi-precious stones, Jain otherwise calm person replies with agitation, "I deal into gemstones not into semi-precious or precious stones. I don't believe in such categorisation of stones. The word semi-precious means half precious stones. Every gemstone carries unique qualities of its own. According to me all gemstones falls into one category; coloured stones. Even the apex organisation in coloured gemstones International Colored Stones Association uses same term."

Today Jain is one the directors of ICA from India, Vice Chairman of the council and Secretary of JJS from India, and he gives all credit to the coloured stone stalwarts Rashmikant Durlabhji-he insisted Jain to join ICA and GJEPC. Rajiv Jain was the brand ambassadors form India for a few years before being appointed as a director. Jain's attachment with ICA marked the beginning of his active participation in the industry activities. When Jain was the brand ambassador for ICA in 2003, Jaipur hosted ICA Congress in Jaipur with 25 exhibitors. The huge response to the congress triggered thought that why can't we have something on the congress line with more participants and the idea of Jaipur Jewellery Show UJS) born, explains Jain. Then under the leadership of Rasmikant Durlabhji JJS committee was formed and Jaipur organised its first jewellery show in 2003 with 57 stalls.

The show has come a long way in last seven years. The seventh edition-held in December 2009 saw presence of 379 stalls. According to Jain, this is a big shift for JJS. He further states, "We want to make it bigger and better but the space is the problem. And it will take at least 3-5 years to exhibition centre to come up in Jaipur."

On Durlabhji's insistence only Jain joined GJEPC. "The most fortunate thing happened with Jaipur jewellery industry was Jewellery Product Development Centre. It is now called Indian Institute of Jewellery (IIal)", informs Jain.

Prior taking charge as Vice Chairman of GJEPC, Jain served the council at different positions such as Convener of Colour Gemstone Panel. He nurtures very prosperous outlook both for the Indian gems and jewellery industry and Jaipur industry. According to KPMG report published in 2006, Indian gems and jewellery exports will reach to $30billion in 2015. "But I see Indian gems and jewellery industry reaching there much earlier. The industry recorded $25 billion exports in 2008-09 though it had tough time because of recession. And our exports will be almost double in the next 10 years. It will be $50 billion", foresees Jain.

According to Jain the way gems and jewellery industry dealt with recession, it's really admirable. "This recession was the first of its kind. The previous recession took place in 1930. And there is hardly anybody there from that generation who could have guided us through this time. But people learned from their own experience. And that is absolutely commendable", says Jain. "The recession also provided the time for people to think about innovation in their respective products, creativity in designs and marketing strategies. Earlier, the industry's graph was just going up and up. Hence, the industry had no time for innovation. This recession provided the most required factor 'time' to think and act."

When it comes to Jaipur he feels that Jaipur industry will not grow with as great pace as of Indian gems and jewellery industry. "Compared to other segments of jewellery, the growth in the coloured segment is very slow", he provides reason. According to him, the city is a hub for coloured stone, and the coloured stone industry of Jaipur stands at Rs 1100 crore and it will be worth of Rs 7000 crore in the next 10 years. But Jaipur can become a jewellery hub in India. It has all infrastructure required for it. And the flourished tourism industry can provide a big boost to it."

Jain, however, feels that the way was not smooth for the industry in the past and it won't be either in the future. The industry will need to deal with competition from other sectors like electronics and gadgets. The major concern for the industry is getting skilled personnel. He says, "It is a tough task of maintaining good people. Human resource is a big area we will need to concentrate."

"And as far as Jaipur coloured stone industry is concerned, procuring rough stones is a tough task. The many coloured stones are very rare", adds Jain.
Jain is now involved with a number of JJS, GJEPC and ICA activities and he also handle his own business. Sambhav Gems now is planning to add jewellery manufacturing into its profile. However, he left with a very little time for himself. But whenever he gets time, he makes it point that he spends with his family and enjoys it. Though he is doing so many things and serving the industry at various positions through respected industry bodies, he considers his two daughters a real asset of him. And he loves to spend time with them. His elder daughter who is gemmology graduate from GIA has joined his business. He is sure that his daughter will take his legacy forward. Jain himself is a commerce graduate and has done MA in English literature. It is obvious that being literature student he loves reading books. Jain also enjoys dancing and singing particularly with his daughters. He was one of the brightest students of Shyamak Dwar Academy. He was also active in drama when he was in college. "I don't get time for all these things now", regrets he. "But I never skip any opportunity to enjoy-I celebrate and enjoy every moment I steal from my busy schedule."