Shri Kirit Bhansali, Chairman, GJEPC, attended the India–Israel CEOs Forum on 20th November 2025 at Hotel Dan Tel Aviv, following his nomination by DPIIT, Ministry of Commerce & Industry, Government of India, as a representative from the Indian side. During the visit, he also met Mr. Nir Barkat, Minister of Economy and Industry, Israel.
Strengthening the India–Israel Partnership in the Global Diamond Trade
In his address, Bhansali underlined the long-standing and deeply connected partnership between India and Israel, built on decades of collaboration in the global diamond trade. He highlighted Israel’s historic and influential role as a pillar of the international diamond industry, and emphasized that this leadership remains essential for global stability and growth. He also expressed confidence that Israel will continue to play a strong and proactive role within the Kimberley Process (KP), supporting ethical, transparent, and responsible trade.
Promising Growth in Bilateral Gem & Jewellery Trade
He shared encouraging trends in gem and jewellery bilateral trade, noting that imports from Israel rose by over 60% during April–September 2025, while India’s gold jewellery exports to Israel surged by more than 200%, indicating diversification beyond diamonds and improving trade stability.
Future Opportunities in Innovation, Technology & Collaboration
Looking ahead, Bhansali noted immense potential for deeper cooperation in digital traceability, cybersecurity, advanced manufacturing, design innovation, and lab-grown diamond technology. He reaffirmed that the combined strengths of both nations—India’s scale and craftsmanship with Israel’s innovation and precision—will shape a more resilient and future-ready gem and jewellery ecosystem.
About The Gem and Jewellery Export Promotion Council (GJEPC)
The Gem & Jewellery Export Promotion Council (GJEPC), set up by the Ministry of Commerce, Government of India (GoI) in 1966, is one of several Export Promotion Councils (EPCs) launched by the Indian Government, to boost the country’s export thrust, when India’s post-Independence economy began making forays in the international markets. Since 1998, the GJEPC has been granted autonomous status. The GJEPC is the apex body of the gems & jewellery industry and today represents 10700+ members in the sector. With headquarters in Mumbai, GJEPC has Regional Offices in New Delhi, Kolkata, Chennai, Surat and Jaipur, all of which are major centres for the industry. It thus has a wide reach and is able to have a closer interaction with members to serve them in a direct and more meaningful manner. Over the past decades, GJEPC has emerged as one of the most active EPCs and has continuously strived to both expand its reach and depth in its promotional activities as well as widen and increase services to its members.
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