{"id":13177,"date":"2025-11-22T06:58:30","date_gmt":"2025-11-22T06:58:30","guid":{"rendered":"https:\/\/jewellerynewsindia.com\/?p=13177"},"modified":"2025-11-22T07:13:40","modified_gmt":"2025-11-22T07:13:40","slug":"kirit-bhansali-chairman-of-gjepc-joins-union-minister-piyush-goyal-in-high-level-indian-business-delegation-to-israel","status":"publish","type":"post","link":"https:\/\/jewellerynewsindia.com\/index.php\/2025\/11\/22\/kirit-bhansali-chairman-of-gjepc-joins-union-minister-piyush-goyal-in-high-level-indian-business-delegation-to-israel\/","title":{"rendered":"Kirit Bhansali, Chairman of GJEPC, Joins Union Minister Piyush Goyal in High-Level Indian Business Delegation to Israel"},"content":{"rendered":"\n

Kirit Bhansali, Chairman of GJEPC, Joins Union Minister Piyush Goyal in High-Level Indian Business Delegation to Israel<\/h1>\n\n\n\n
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Shri Kirit Bhansali, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC)<\/a>, participated in the high-level Indian business delegation led by Shri Piyush Goyal, Union Minister of Commerce & Industry<\/a>, during the India\u2013Israel CEO Forum held in Tel Aviv on 20 November 2025. The visit marks the first trip to Israel by an Indian Commerce Minister in many years, signalling renewed energy in bilateral cooperation\u2014especially in gems and jewellery, a key pillar of India\u2013Israel economic ties.<\/p>\n\n\n\n

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The Forum was inaugurated by Shri Goyal and Israel\u2019s Minister of Economy & Industry, Mr. Nir Barkat<\/a>, who described the moment as the beginning of \u201ca new era of friendship and opportunity\u201d for both nations.<\/p>\n\n\n\n

During the visit, Shri Bhansali also met Minister Barkat<\/a> to explore ways to boost collaboration in responsible diamond sourcing, innovation-driven manufacturing, and digitalising the gemstone and jewellery value chain.<\/p>\n\n\n\n

Speaking on the significance of the visit, Shri Bhansali<\/a> said, \u201cShri Piyush Goyal<\/a>\u2019s historic visit has created new possibilities for cooperation in trade, technology, and investment. His emphasis on trust and innovation strongly aligns with our industry\u2019s priorities. India\u2019s gem and jewellery sector is committed to strengthening our enduring partnership with Israel to build a transparent, technologically advanced, and future-ready supply chain.\u201d<\/p>\n\n\n\n

He added that the Minister\u2019s dialogue with Israeli leaders and businesses is expected to accelerate investment flows, foster cross-border innovation, and reinforce India\u2019s position as a global centre for diamonds, jewellery, and precision manufacturing.<\/p>\n\n\n\n

Addressing the India\u2013Israel CEO Forum, Shri Bhansali<\/a> highlighted the long-standing, complementary partnership between the two nations in the diamond trade, noting that Israel\u2019s technological prowess and India\u2019s large-scale manufacturing create a highly respected global value chain.<\/p>\n\n\n\n

Reaffirming GJEPC<\/a>\u2019s commitment to ethical and transparent practices, he emphasised India\u2019s expectation for Israel\u2019s continued constructive involvement in the Kimberley Process (KP) to uphold global standards of responsible sourcing. He reiterated Israel\u2019s reputation as a longstanding pillar of the global diamond industry, known for its innovation and integrity\u2014qualities essential for the sector\u2019s growth.<\/p>\n\n\n\n

Traditionally, bilateral gemstone and jewellery trade has centred around diamonds, with India importing rough stones from Israel and exporting polished diamonds in return. Recently, the trade basket has begun to diversify, driven by strong growth in India\u2019s gold jewellery exports to Israel. Although India\u2019s overall gem and jewellery exports had eased from over USD 1 billion to around USD 600\u2013700 million in recent years, signs of recovery are emerging: India\u2019s imports from Israel rose by more than 60% between April and September 2025, while gold jewellery exports jumped over 200% to exceed USD 25 million. This renewed momentum and early signs of stabilisation point to a more balanced and resilient partnership ahead.<\/p>\n\n\n\n

GJEPC<\/a> believes that this revitalised engagement\u2014underscored by Minister Goyal<\/a>\u2019s visit\u2014comes at a decisive moment for the global diamond and jewellery industry. Building trust, driving innovation, and strengthening responsible sourcing frameworks will be essential to shaping a future-ready sector.<\/p>\n","protected":false},"excerpt":{"rendered":"

Kirit Bhansali, Chairman of GJEPC, Joins Union Minister Piyush Goyal in High-Level Indian Business Delegation to Israel Shri Kirit Bhansali, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), participated in the high-level Indian business delegation led by Shri Piyush Goyal, Union Minister of Commerce & Industry, during the India\u2013Israel CEO Forum held in […]<\/p>\n","protected":false},"author":1,"featured_media":13178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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href=\"https:\/\/jewellerynewsindia.com\/index.php\/uncategorized\/\" rel=\"category tag\">Uncategorized<\/a>","rttpg_excerpt":"Kirit Bhansali, Chairman of GJEPC, Joins Union Minister Piyush Goyal in High-Level Indian Business Delegation to Israel Shri Kirit Bhansali, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), participated in the high-level Indian business delegation led by Shri Piyush Goyal, Union Minister of Commerce & Industry, during the India\u2013Israel CEO Forum held in…","_links":{"self":[{"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/posts\/13177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/comments?post=13177"}],"version-history":[{"count":2,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/posts\/13177\/revisions"}],"predecessor-version":[{"id":13184,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/posts\/13177\/revisions\/13184"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/media\/13178"}],"wp:attachment":[{"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/media?parent=13177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/categories?post=13177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/tags?post=13177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}