India posts 7.8% GDP growth in Q1 FY 2026. GJEPC Chairman Kirit Bhansali highlights strong gems & jewellery demand, diamond consumption, and India’s rise as a global jewellery hub.
Browsing: Kirit Bhansali
The US announcement of a sweeping 50% tariff on all Indian goods is a deeply concerning development. This move would have far-reaching repercussions across India’s economy—disrupting critical supply chains, stalling exports, and threatening thousands of livelihoods. The Indian gem and jewellery sector, in particular, stands to be severely impacted. The United States is our single largest market, accounting for over $10 billion in exports—nearly 30% of our industry’s total global trade. A blanket tariff of this magnitude is severely devastating for the sector
The Gem & Jewellery Export Promotion Council (GJEPC), in collaboration with Mumbai Customs, formally inaugurated the Jewellery Hand Carriage Facilitation Centre at Chhatrapati Shivaji Maharaj International Airport (CSMIA), Terminal 2, on 16th July 2025. The facilitation centre was inaugurated by Shri Surjit Bhujbal, Member Customs, CBIC, in the presence of Smt. Prachi Saroop, Principal Chief Commissioner, Shri Alok Jha, Principal Commissioner and other Customs officials. Also present were Shri Dnyaneshwar Patil, Development Commissioner, SEEPZ , and the leadership team of GJEPC, including Shri Kirit Bhansali, Chairman, Shri Shaunak Parikh, Vice Chairman, Smt Khushboo Ranawat, Regional Chairman (West), Shri Ajesh Mehta, Convener, Diamond Panel, Shri Sabyasachi Ray, Executive Director, Shri Mehul Shah, Vice President, BDB
