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With an eye on innovation, infrastructure, and international expansion, GJEPC is poised to shape the future of India’s gem and jewellery industry, reinforcing the nation’s reputation as a powerhouse of craftsmanship and trade excellence.
GJEPC APPOINTS KIRIT BHANSALI AS CHAIRMAN, UNVEILS VISION FOR THE FUTURE OF INDIA’S GEM & JEWELLERY INDUSTRY
The Gem & Jewellery Export Promotion Council (GJEPC), India’s apex trade body for the gems and jewellery sector, has announced the appointment of Mr. Kirit Bhansali as Chairman and Mr. Shaunak Parikh as Vice Chairman, alongside a newly formed Committee of Administration (COA). This leadership transition marks a strategic step toward expanding India’s global footprint in the jewellery trade, with a strong emphasis on innovation, infrastructure, and market expansion.
As the newly appointed Chairman, Mr. Kirit Bhansali, a leader in the diamond and jewellery industry, outlined an ambitious roadmap for India’s jewellery export sector, setting the stage for transformative growth. Under his leadership, GJEPC will focus on expanding India’s global market presence, developing key infrastructure projects, and strengthening the domestic jewellery ecosystem.
“Our vision is to drive transformative growth through strategic initiatives and innovative projects,” Bhansali stated. “We are committed to advancing key flagship projects such as the India Jewellery Park in Mumbai and the Gem Bourse in Jaipur, which will serve as critical hubs for manufacturing, trade, and innovation. Additionally, we are expanding our footprint with international initiatives like Saudijex in Saudi Arabia and IJEX Dubai, reinforcing India’s position as a global leader in jewellery manufacturing and design.”
One of the most ambitious goals under Bhansali’s tenure is achieving USD 100 billion in jewellery exports by 2047, aligning with India’s national vision of economic growth, ‘Viksit Bharat’.
The Council also aims to collaborate closely with the Indian government to advocate for policies that foster industry growth, ensuring ease of trade, skill development, and increased global investments.
Incoming Vice Chairman, Mr. Shaunak Parikh, emphasized the importance of strategic category promotion, infrastructure expansion, and skill enhancement in keeping India at the forefront of the global jewellery sector.
The newly appointed Committee of Administration (COA), comprising 21 industry leaders, reflects a diverse and experienced team committed to executing the Council’s strategic vision. The leadership of Chairman Kirit Bhansali and Vice Chairman Shaunak Parikh will be instrumental in navigating evolving global trends, strengthening India’s jewellery ecosystem, and ensuring sustainable growth for the sector.
INDIA SHINES AS OFFICIAL PARTNER COUNTRY AT INHORGENTA 2025
INHORGENTA 2025 opened its doors with a significant milestone in the world of fine jewellery and gemstones: India, a global leader in the industry, took center stage as the official Partner Country of the prestigious Munich-based fair. Curated by the Gem & Jewellery Export Promotion Council (GJEPC), India’s presence at the event underscored its growing influence in the global jewellery trade, blending heritage craftsmanship with modern innovation.
The inauguration of the India Pavilion was a dazzling showcase of diamond jewellery, gold and platinum creations, and loose gemstones, presided over by Shatrughna Sinha, IFS, Consul General of India in Munich; Kirit Bhansali, Chairman of GJEPC; Stefan Rummel, CEO of Messe München; and Stefanie Maendlein, Exhibition Director of INHORGENTA. Their presence highlighted the strategic importance of Indo-German trade relations, particularly in the luxury sector.
Speaking at the event, Mr. Sinha emphasized India’s deep-rooted economic and cultural ties with Germany, which date back over 500 years. He noted that in 2023 alone, bilateral trade between the two nations reached USD 33.33 billion, a testament to India’s expanding global footprint. “India’s designation as the official partner country at INHORGENTA is a reflection of its unparalleled craftsmanship, market leadership, and commitment to innovation in the jewellery sector,” he remarked.
India, already a powerhouse in jewellery exports with USD 32 billion in annual trade to key markets such as the USA, Europe, the Middle East, and China, is now positioning itself as a global leader in design, technology, and ethical sourcing.
GJEPC Chairman Kirit Bhansali highlighted how India is not only a trusted manufacturer but also a driving force behind industry advancements. “With our investments in innovation, skill development, and sustainability, we are setting new benchmarks in jewellery excellence,” he stated.
Beyond business, INHORGENTA 2025 offered an immersive experience into India’s artistic legacy through the India Experience Lounge. Visitors indulged in a sensory journey featuring handwoven Manchaha rugs, traditional Kashmiri Kahwa and Masala Chai, the aroma of sandalwood, and the hypnotic sounds of the sitar, creating an ambiance that mirrored India’s rich cultural heritage.
The Brand India Gallery, another key attraction, featured masterpieces from the Artisan Jewellery Design Awards, showcasing the exquisite talent and innovation of India’s top designers. Meanwhile, the high-profile panel discussion, “The Rising Indian Jewellery Influence in the Global Landscape,” brought together industry thought leaders like UK-based jewellery designer Alice Cicolini and brand strategist Radhika Somaia, shedding light on India’s evolving role in shaping global jewellery trends.
India’s participation at INHORGENTA 2025 was more than just an exhibition—it was a statement of intent. As an industry built on centuries-old craftsmanship, the country is now spearheading a new era where sustainability, innovation, and ethical sourcing define the future of luxury jewellery.
