GJ Town India

  Kirit Bhansali witnessed the FTA signing with a 20-member delegation    Hon’ble Prime Minister Shri Narendra Modi and UK Prime Minister Keir Starmer signed the landmark India-UK Free Trade Agreement (FTA) today-24th July 2025 at Chequers, the official country residence of the British Prime Minister. Kirit Bhansali, Chairman, Gem & Jewellery Export Promotion Council (GJEPC), was present at the ceremony as part of a special 20-member business delegation led by Hon’ble PM to UK.  The FTA is set to transform bilateral trade between the two nations, with nearly 99% of Indian exports gaining zero-duty access to the UK market. The pact is expected to significantly boost Indian gem exports across key sectors, especially plain gold and gemstone studded jewellery.     In 2024, India exported gem and jewellery (GJ) worth US$ 941 million to the UK, while imports from there stood at $2.7 billion, bringing bilateral trade in the sector to UK$ 3.6 billion. Under t...

  Exporters can now hand-carry jewellery at, T2 CSMIA   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 Surjit Bhujbal, Member Customs, CBIC, in the presence of Prachi Saroop, Principal Chief Commissioner, Alok Jha, Principal Commissioner and other Customs officials.   Also present were Dnyaneshwar Patil, Development Commissioner, SEEPZ, and the leadership team of GJEPC, including Kirit Bhansali, Chairman, Shaunak Parikh, Vice Chairman, Khushboo Ranawat, Regional Chairman (West), Ajesh Mehta, Convener, Diamond Panel, Sabyasachi Ray, Executive Director, Mehul Shah, Vice President, BDB. The launch of the Hand Carriage Facilitation Centre at Mumbai Airport has been the result of GJEPC’s persistent advocacy and groundwo...

All the signatories agreed to contribute 1% of the annual revenue   The World Federation of Diamond Bourses expressed full support for the Luanda Accord, the agreement reached last week among major diamond-producing countries and trading centers to fund the promotion of natural diamonds, in a meeting in Luanda, Angola.   All the signing parties have agreed to contribute 1% of the annual revenue they generate from rough diamonds to the Natural Diamond Council’s promotion budget. The accord was signed by Botswana, Angola, Sierra Leone, Namibia, South Africa, the Democratic Republic of Congo, Antwerp World Diamond Center, the African Diamond Producers Association, Dubai Multi Commodities Center, and India’s Gem & Jewellery Export Promotion Council.    The Luanda Accord was signed a week after the WFDB Presidents’ Meeting in New York, where all parties agreed that it was imperative for the industry to join together to take action to support natural diamonds. ...

  1% of Rough Sales Revenue to Global Natural Diamond Marketing   In a watershed step to boost consumer demand for natural diamonds, GJEPC joined top diamond-producing nations and industry bodies in signing the Luanda Accord on 18th June 2025.   The signatories—including mining ministers of Angola, Botswana, South Africa, Namibia, and DRC, in collaboration with GJEPC, AWDC, DMCC and De Beers—pledged to contribute 1% of annual rough diamond revenues to fund a global marketing campaign spearheaded by the Natural Diamond Council (NDC).   The Luanda Accord signatories include, 1: H.E. Diamantino Azevedo, The Government of the Republic of Angola; 2: Honourable Bogolo Joy Kenewendo, The Government of the Republic of Botswana; 3: Honourable Kizito Pakabomba Kapinga Mulune, Government of the Democratic Republic of Congo; 4:  Honourable Gaudentia Krohne, Government of the Republic of Namibia. 5: Shaunak Parikh, Vice Chairman-Gem & Jewellery Export Promoti...

  Consul General of India, San Francisco visits the Pavilion at JCK LV   The Gem & Jewellery Export Promotion Council (GJEPC) extended a warm welcome to Dr. K. Srikar Reddy, Consul General of India, San Francisco, during his visit to the India Pavilion at JCK Las Vegas 2025, North America’s premier jewellery trade show.   Kirit Bhansali, Chairman, GJEPC, greeted Dr. Reddy at the Pavilion. Also present during the visit were Dnyaneshwar Patil, IAS, Development Commissioner, SEEPZ, Dr. Gaetano Cavalieri, President CIBJO and Sabyasachi Ray, Executive Director, GJEPC, along with others.   India continues to cement its position as a global powerhouse in the gem and jewellery [GJ] industry, and its strong presence at JCK Las Vegas 2025 is testament to this leadership.  GJEPC is spearheading India’s participation through several initiatives including the India Pavilion, the curated India Design Gallery, and the immersive India Experience Lounge.    Th...

Eco-friendly materials, reusable stalls, 100% renewable usage   World Environment Day: GJEPC advocates ‘Green Exhibitions’ with India International Jewellery Shows (IIJS) highlights two; 1: Reinforces commitment to sustainability, 2: One Earth, An IIJS Initiative -Tree Plantation Drive: Over 1 lakh trees planted!   On World Environment Day, The Gem & Jewellery Export Promotion Council (GJEPC), India’s apex trade body sponsored by the Union Ministry of Commerce & Industry, reinforces Commitment to Sustainability with Green Practices at its flagship India International Jewellery Show (IIJS) exhibitions - one of the world’s top 2 B2B Trade shows in the gem & jewellery sector.   With the theme of this year’s Environment Day focusing on “Land Restoration, Desertification and Drought Resilience,” GJEPC proudly highlights how its events actively contribute to the betterment of the planet by reducing their carbon footprint and promoting a greener tomorrow.   ...

Attempting & endeavor to attain the target swiftly, by CY 2Q, 2027    Returning to the Edit Desk… Upon returning from the Summer Leave to the passionate Edit Desk- the exclusive desk for Gem & Jewellery [GJ] industry and trade. In the meantime, many notable shifts happened! Bharat faced, fight and foray the related hassles and hurdles in the boulevard to attain the economic growth & development by ensuring hassle free trade & commerce!   I suggest this action & initiatives is the result of prudent & determined political will of the Government of Bharat led by Shri Narendra Modi, Prime Minister-Bharat! History of Bharat is recording him on the Golden Page!   Pakistan has waged a war against Bharat through terrorism since 1947, causing a thousand cuts! Always Pakistan deceived Bharat. Pakistan ruined out all those attempts for peace & growth of both of the nations. Pakistan became the global hub for terrorism over the years, a...

Wishes government intervention over the tariff proposal   Top representatives of India's gems and jewellery (GJ) sector have urgently briefed Hon’ble Commerce Secretary Sunil Barthwal, IAS, on the potential repercussions of the United States' recent notice regarding reciprocal tariffs.   According to the White House, “For many years, the United States has been treated unfairly by trading partners, both friend and foe.  This lack of reciprocity is one source of our country’s large and persistent annual trade deficit in goods-closed markets abroad reduce United States exports and open markets at home result in significant imports.” In the context, India fear that, the US anticipates higher tariff of 5% to 20% on imports of gem and jewellery from India. The delegation, led by Shaunak Parikh, Vice Chairman, GJEPC, along with Adil Kotwal, President, Seepz Gem & Jewellery Manufacturers' Association (SGJMA), and Sabyasachi Ray, Executive Director, GJEPC, presented a ...

  India marking a pivotal moment at Inhorgenta 2025   India proudly takes on the role of official partner country at Inhorgenta 2025 , marking a pivotal moment in the global gem and jewellery (GJ) industry. The show, taking place from 21st to 24th February, was inaugurated at the India Pavilion by Shatrughna Sinha, IFS, Consul General of India, Munich; Kirit Bhansali, Chairman, GJEPC; Stefan Rummel, CEO of Messe München; and Stefanie Maendlein, Exhibition Director of Inhorgenta.    Curated by the Gem & Jewellery Export Promotion Council (GJEPC), the India Pavilion is showcasing a stunning array of diamond jewellery, gold and platinum pieces, fine jewellery, and loose gemstones. These collections highlight India’s ability to blend traditional craftsmanship with contemporary design, offering global buyers unmatched quality and artistry.   Speaking at the inauguration, Sinha Said, “Germany is one of India’s key trading partners in Europe, with stron...

  Also announces, Shaunak Parikh as Vice Chairman & CoA   Gem & Jewellery Export Promotion Council (GJEPC), the country’s apex nodal trade body, announced the appointment of Kirit Bhansali as Chairman; Shaunak Parikh as Vice Chairman and announced the constitution of new Committee of Administration (CoA) after the completion of the CoA Election 2024.    Kirit Bhansali, Chairman, GJEPC, said, “Our vision is to drive transformative growth for India’s gem and jewellery industry through strategic initiatives, innovative projects, and collaborative efforts.    From advancing flagship projects like the India Jewellery Park in Mumbai and the Gem Bourse in Jaipur to expanding our global footprint with initiatives like Saudijex in Saudi Arabia and IJEX Dubai, we aim to position India as a global leader in technology, design, and manufacturing.    Together, we will strive to achieve the ambitious export target of USD 100 billion by 2...