Browsing: Associations & Councils

Mr. Kirit Bhansali, Chairman, Gem & Jewellery Export Promotion Council (GJEPC), was invited to attend the meeting organised with selected representatives of various industry sectors that contribute majorly to India’s merchandise exports chaired by Hon’ble Prime Minister Shri Narendra Modi at New Delhi, on 3rd November 2025. Mr. Kirit Bhansali was representing the Gems & Jewellery sector that contributes 7% to India’s Merchandise Exports. The meeting was convened to seek inputs from leading export sectors on measures to strengthen India’s competitiveness in global trade.

With just days to go before the opening of the 2025 CIBJO Congress in Paris on 27 October, the tenth and final pre-congress Special Report has been released. Prepared by the CIBJO Technology Committee, chaired by Stéphane Fischler, the report delves into the growing influence of artificial intelligence (AI) across the jewellery industry — assessing both its opportunities and challenges while cutting through the myths surrounding the technology.

The Shagun Collection showcases a wide range of exquisite karigari – from intricate uncut diamond sets and rich antique designs to finely detailed meenakari and nakshi work pieces. Each creation captures the beauty of India’s heritage while mixing it with modern sensibilities, offering something unique for every style and occasion. Every piece in the collection is a tribute to the joy of celebrations and the deep bonds we share with loved ones.

As Dhanteras 2025 approaches, the All India Gem and Jewellery Domestic Council (GJC) shares key insights into consumer behaviour, market expectations, and emerging trends shaping this festive season’s gold and jewellery purchases. Despite elevated gold prices, demand will remain robust, driven by strong consumer sentiment and the enduring appeal of gold as both an investment and a cultural asset. Recent GST reforms, rolled out in September 2025, will also play a key role in increasing consumer confidence. The simplified tax structure and increased disposable income are helping sustain footfalls across organised retail, even as buyers negotiate on making charges and discounts. Jewellers across India are reporting consistent interest, especially among younger buyers who are gravitating toward sustainable & responsibly sourced jewellery. Popular choices this season include lightweight designs, investment-grade pieces, and hallmark-certified gold.

As we enter the most lucrative quarter of the year, one thing is clear. This festive season isn’t about bigger displays or louder sparkle. It’s about depth. The consumer mindset has matured, and so must the industry’s response.

India’s gem and jewellery exports record a steady recovery in the first half of FY2025–26, witnessing a growth of  3.66% to US$ 14.09 billion between April and September 2025 compared to US$ 13.60 billion in the same period last year. This growth comes despite global headwinds, reflecting the resilience and adaptability of India’s jewellery exporters as festive and wedding season demand gains momentum.

 GSI’s Colored Stone Professional (CSP) Diploma programme, recognised for its innovative combination of theoretical knowledge and practical, real-world experiences, recently embarked on an educational mine visit to Sri Lanka’s renowned Rakwana Gem Deposit. As part of the recent CSP student cohort, the visit was organised to provide comprehensive and immersive exposure to the gemstone pipeline, encompassing mining, processing, and trading.

The India-UK CEOs Forum convened in Mumbai on 8-9 October brought together business leaders from both nations to explore the opportunities unlocked by the new India-UK Comprehensive Economic & Trade Agreement (CETA). Among the distinguished participants was Mr. Kirit Bhansali, Chairman, GJEPC, who represented India’s gem and jewellery sector at the high-powered meeting. 

After 26 months of dedicated efforts, a significant breakthrough has been achieved with an understanding to sign an MoU in the coming week for the merger of MJDTA (Madras Jewellers & Diamond Traders Association) and CJA (Chennai Jewellers Association) under the unified banner of MJDMA (Madras Jewellers & Diamond Merchants Association)

The All India Gem & Jewellery Domestic Council (GJC) wholeheartedly welcomes and congratulates the Government of Maharashtra for unveiling the Maharashtra Gem & Jewellery Policy 2025, a historic and forward-thinking initiative that marks a new chapter for the Indian jewellery industry.