In a pivotal gathering on April 24, 2025, the leadership of the Gem & Jewellery Export Promotion Council (GJEPC) descended on Surat to engage directly with the region’s top industry stakeholders. The high-level interaction, led by GJEPC Chairman Mr. Kirit Bhansali, focused on navigating the challenges posed by recent US-imposed tariffs and exploring new avenues for sectoral growth.
Accompanying Mr. Bhansali were Vice Chairman Mr. Saunak Parikh and Executive Director Mr. Sabyasachi Ray. The delegation met with influential figures including Rajya Sabha MP and Chairman of the Surat Diamond Bourse, Mr. Govindbhai Dholakia, along with veteran leaders Mr. Laljibhai Patel, Mr. Nagjibhai Sakariya, and Mr. Vallabh Lakhani. Heads of key trade associations such as the Surat Diamond Association, Lab Grown Diamond Association, and Surat Jewellery Manufacturers Association also brought vital perspectives to the table.
A core theme of the dialogue was the anticipated impact of recent US tariffs on India’s gem and jewellery exports. Mr. Ray shared a comprehensive analysis, offering data-driven insights into the challenges and potential mitigation strategies. In a reassuring note, Mr. Jayanti Savaliya, Regional Chairman – Gujarat, GJEPC, informed attendees of tangible progress in resolving Customs-related bottlenecks.
Speaking passionately about Surat’s global relevance, Mr. Bhansali highlighted the city’s strategic role. “Surat is not merely a hub of diamond cutting and polishing—it is the heart of our industry and a beacon of India’s craftsmanship on the world stage,” he stated.
Echoing this sentiment, Mr. Dholakia praised GJEPC’s continued efforts in bridging the gap between policymakers and industry leaders, fostering a culture of mutual trust and forward-thinking collaboration.
Looking ahead, Mr. Parikh proposed bold strategies to capitalise on current trade dynamics. He advocated for promoting Surat as a direct hub for rough diamond imports and exports—an initiative that could significantly enhance India’s market positioning. He also flagged silver jewellery as a promising growth segment, referring to it as “the next big thing” for the sector.
The conclave concluded on a high note, with a strong message of unity, resilience, and ambition. As the Indian gem and jewellery industry adapts to global shifts, Surat is poised to lead the charge, reinforcing its legacy as a cornerstone of international trade.
Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.
