The Gem & Jewellery Export Promotion Council (GJEPC) was privileged to welcome Dr. Subrahmanyam Jaishankar, Hon’ble Minister of External Affairs, Government of India on October 27th Sunday. Dr. Jaishankar was visiting Bharat Diamond Bourse at Mumbai for an Interaction on India’s foreign policy.
Industry leaders such as Shri Vipul Shah, Shri Kirit Bhansali, Vice Chairman, GJEPC; Shri Anoop Mehta, President, Bharat Diamond Bourse, and Shri Mehul Shah, Vice President, Bharat Diamond Bourse, addressed the pressing concerns, including the shrinking American market, fluctuating global demand, and intensifying competition. Members also highlighted the need for diversification and increased government support to stabilise and grow exports.
Vipul Shah expressed gratitude to Dr. Jaishankar, stating, “We are grateful for your active support in mitigating the impacts of G7 sanctions on Russian diamonds, which has enabled our industry to continue operating with resilience and adaptability.”
Vipul Shah further added, “In these testing times, we look toward the Ministry of External Affairs for strategic support and urge your good offices and missions abroad to champion Indian gems and jewellery, ensuring that our exquisite craft finds a place in every corner of the globe. With your support, we can strengthen India’s global footprint, enhance our market access, and uplift the industry at this crucial juncture.”
Dr. Jaishankar emphasised the importance of industry-government collaboration, encouraging businesses to directly engage with international counterparts. He acknowledged the diamond industry’s technological advancements and reaffirmed the government’s commitment to driving export-oriented growth. He also highlighted about G7 sanctions on diamonds and its implications for the diamond and jewellery industry.
About The Gem and Jewellery Export Promotion Council (GJEPC)
The Gem & Jewellery Export Promotion Council (GJEPC), set up by the Ministry of Commerce, Government of India (GoI) in 1966, is one of several Export Promotion Councils (EPCs) launched by the Indian Government, to boost the country’s export thrust, when India’s post-Independence economy began making forays in the international markets. Since 1998, the GJEPC has been granted autonomous status. The GJEPC is the apex body of the gems & jewellery industry and today represents 10000+ members in the sector. With headquarters in Mumbai, GJEPC has Regional Offices in New Delhi, Kolkata, Chennai, Surat and Jaipur, all of which are major centres for the industry. It thus has a wide reach and is able to have a closer interaction with members to serve them in a direct and more meaningful manner.
