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India’s GJEPC Elects New Chairman

SourcingAug 31, 2022

India’s GJEPC Elects New Chairman

Vipul Shah will step into the role of chairman and Kirit Bhansali will serve as vice chairman.

The GJEPC has elected a new chairman and vice chairman. From left to right, GJEPC Executive Director Sabyasachi Ray, Vice Chairman Kirit Bhansali, Chairman Vipul Shah, and outgoing Chairman Colin Shah.
Mumbai, India—The Gem & Jewellery Export Promotion Council, the governmental body that supports the diamond and jewelry trade in India, has elected a new leadership team.

Vipul Shah, former vice chairman for the 2020-2022 term, will step into the role of chairman, succeeding Colin Shah, who finished serving his two-year term.

Vipul was previously the chairman for the 2012-2015 term, and helped to organize GJEPC’s first World Diamond Conference, which was attended by Hon. Prime Minister Narendra Modi and Finance Minister Smt. Nirmala Sitharaman. 

He also implemented the policy of rotating board members.

“I feel privileged and energized to return to the role of GJEPC chairman in these exciting times,” Vipul said. “There are tremendous opportunities for growth ahead of us.”

The country’s gem and jewelry industry is in a growth phase, he said, and set to reach the government’s export target of $45.7 billion for fiscal 2022-2023.

 Related stories will be right here … 

Kirit Bhansali of Smital Gems was elected to a two-year term as vice chairman of GJEPC.

“I am honored to get the opportunity to serve the industry as vice chairman of this great organization built with years of toil by my predecessors,” said Bhansali.

“The steadfast government support towards infrastructure development projects like the state-of-the-art Mega CFC in SEEPZ and the upcoming world-class India Jewelry Park Mumbai will nurture an export-friendly ecosystem that underpins the industry’s growth ambitions.”

The Santacruz Electronic Export Processing Zone (SEEPZ) is a special economic zone in Mumbai that is currently home to two new projects: the building of a mega common facility center to support the design and manufacturing of gem and jewelry products and the construction of standard design factories, scheduled to be operational by May 2023.

Previously, Bhansali served on the council as the convener of the awards committee, organizing several India Gem & Jewellery Awards. 

He is currently the chairman of the Indian Institute of Gems & Jewellery and India Jewellery Park Mumbai.

As per GJEPC’s rules of succession, Bhansali will step in as chairman in 2024.

Lenore Fedowis the associate editor, news at National Jeweler, covering the retail beat and the business side of jewelry.

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