Browsing: Kirit Bhansali

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.

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. 

Joyalukkas, the world’s favourite jeweller, is excited to reveal their new brand ambassador, the Lady superstar Samantha Ruth Prabhu. The award-winning actor will bring her inimitable charisma to represent Joyalukkas jewellery’s timeless designs and inspiring legacy of craftsmanship across international markets.