Council reports US$27.72 billion in exports, reviews market access initiatives and records membership growth to 10,910.
Key Highlights
- GJEPC held its 60th AGM at Bharat Diamond Bourse, Mumbai.
- US$27.72 billion in gem and jewellery exports reviewed for FY2025-26.
- Growth highlighted across UAE, Hong Kong, Australia, Canada and France.
- Four FTAs, along with UAE CEPA and Australia ECTA, were reviewed during the meeting.
- Market initiatives included SAJEX 2025, India–UK Buyer-Seller Meet, India–Riyadh Studded Jewellery BSM and IIJS Bharat.
- First-time delegations participated from Kazakhstan and Vietnam.
- Membership increased to 10,910.
- Audited financial statements were adopted; CNK & Associates LLP was proposed as statutory auditors for five years, and 10 Directors’ appointments were regularised.
The Gem & Jewellery Export Promotion Council (GJEPC) held its 60th Annual General Meeting (AGM) on 23 September 2026 at Bharat Diamond Bourse, Mumbai, in a hybrid format.
Kirit Bhansali, Chairman, GJEPC, presided over the meeting, with key Council officials and members in attendance both in person and virtually.
During the AGM, the Council reviewed its FY2025-26 performance and industry priorities.
Gem & Jewellery Exports
The Council reported total gem and jewellery exports of US$27.72 billion for FY2025-26.
Growth was highlighted in key markets, including the UAE, Hong Kong, Australia, Canada and France, with strong demand for studded gold, silver and platinum jewellery.
Expanding Global Access
The Council reviewed expanding global access through:
- Four FTAs signed with the UK, EU, Oman and New Zealand.
- UAE CEPA.
- Australia ECTA.
The Council noted that these agreements offer zero or near-zero duty access in key markets.
Stronger Market Reach
The AGM reviewed several initiatives undertaken during the year, including:
- SAJEX 2025
- India–UK Buyer-Seller Meet
- India–Riyadh Studded Jewellery BSM
- IIJS Bharat
The Council also noted first-time delegations from Kazakhstan and Vietnam.
Building for the Future
The Council reviewed ongoing focus areas, including:
- JewelStart
- Bharat Ratnam Mega CFC
- India Jewellery Park Mumbai
- New e-commerce and hand-carry frameworks
The Council also reported that membership rose to 10,910.
Governance Decisions
During the AGM, the Council confirmed the following decisions:
- Audited financial statements for FY2025-26 were adopted.
- CNK & Associates LLP was proposed as statutory auditors for five years.
- 10 Directors’ appointments were regularised.
Chairman’s Remarks
Speaking during the AGM, Kirit Bhansali, Chairman, GJEPC, said:
“The foundation we have built—in policy, infrastructure, talent, and global relationships—puts India in a strong position to regain and grow its export potential.”
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