Browsing: Kirit Bhansali

IIJS Bharat Premiere 2026 was inaugurated by Shri Chirag Paswan, Hon’ble Union Minister of Food Processing Industries, Government of India, reinforcing India’s position as a global gems and jewellery powerhouse. Industry leaders from GJEPC, De Beers, Malabar Group and India Gold Metaverse shared their vision for the future of the sector.

IIJS Bharat Premiere 2026 begins in Mumbai amid historic free trade agreements that are transforming India’s gem and jewellery exports. The event showcases over 2,100 exhibitors, 50,000+ visitors, new export opportunities, advanced manufacturing technologies, and GJEPC’s vision for India’s global leadership.

The United States has introduced its new Section 301 tariff regime, maintaining the additional 10% tariff on Indian gem and jewellery exports. GJEPC outlines the industry’s challenges, India’s competitive positioning, and the urgent need for tariff relief through an India–U.S. Bilateral Trade Agreement.

The International Institute of Gemology (IIG) is set to host its 32nd Convocation Ceremony on August 11, 2026, celebrating 150 graduating professionals under the theme “Human Brilliance in the Age of AI: Empowering Minds. Enriching Futures.” The event will bring together industry leaders, academicians, graduates and families while highlighting the future of gems and jewellery education.

India commenced the Kimberley Process Intersessional Meeting 2026 in Mumbai under its Chairship, bringing together global participants, observers, and industry stakeholders to discuss monitoring, compliance, sustainability, and consumer confidence in the natural diamond trade.

The India–Oman Comprehensive Economic Partnership Agreement (CEPA), which abolishes customs duty on imports of gems and jewellery in Oman from India, is expected to significantly boost India’s exports to Oman and strengthen direct trade linkages between the two countries, according to the Gem & Jewellery Export Promotion Council (GJEPC).

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.

IIGJ Lab is committed to serve the Gem & Jewellery Industry by providing independent quality assessment of Gemstones & Jewellery. IIGJ’s Ruby Identification service is well known and is availed by gemstone manufacturers, traders, and retailers.

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.

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.