loader image
Connect with us

National News

GJEPC announces Kirit Bhansali as Chairman, Shaunak Parikh as Vice Chairman and new Committee of Administration

Published

on

545 Views

 Gem & Jewellery Export Promotion Council (GJEPC), the country’s apex nodal trade body, announced the appointment of  Kirit Bhansali as Chairman;  Shaunak Parikh as Vice Chairman and announced the constitution of new Committee of Administration (COA) after the completion of the COA Election 2024.

 Kirit Bhansali, Chairman, GJEPC, said, “Our vision is to drive transformative growth for India’s gem and jewellery industry through strategic initiatives, innovative projects, and collaborative efforts. From advancing flagship projects like the India Jewellery Park in Mumbai and the Gem Bourse in Jaipur to expanding our global footprint with initiatives like Saudijex in Saudi Arabia and IJEX Dubai, we aim to position India as a global leader in technology, design, and manufacturing. Together, we will strive to achieve the ambitious export target of USD 100 billion by 2047, aligning with our Hon’ble Prime Minister’s vision of a Viksit Bharat.”

Bhansali further added, “We aim to sustain India’s global leadership, capitalize on domestic market potential, and advocate for favorable policies while continuing to support our artisans. To boost exports from the sector and support India’s economic growth, GJEPC has identified 17 key clusters based on their size, potential, and strategic location. By nurturing these clusters, we aim to develop them into thriving export hubs.”

 Shaunak Parikh, Vice Chairman, GJEPC, said, “I sincerely thank all the industry members for entrusting me with this responsibility and giving me the opportunity to contribute to the growth and success of our remarkable gem and jewellery sector. This is a crucial time for the industry, and the challenges before us demand bold vision and decisive action. It is imperative to focus on category promotion across all verticals, infrastructure development, skill enhancement, and adopting global standards to ensure our industry remains competitive on the world stage. The Council will continue to collaborate closely with the government to shape policies that not only drive growth but also address the pressing concerns of our exporters in an ever-evolving global market.”

List of CoA Member(s) 2024

Sr. NoName of the Directors  Designation
1Kirit BhansaliChairperson
2Shaunak ParikhVice-Chairperson
3Smt. Khushboo RanawatRegional Chairperson – Western Region
4Pankaj ParekhRegional Chairperson – Eastern Region
5Antar Pal SinghRegional Chairperson – Northern Region
6Jayantibhai N. SavaliyaRegional Chairperson – Gujarat Region
7Mahendra Kumar TayalRegional Chairperson – Southern Region
8Ajesh MehtaCoA Member
9Nirav BhansaliCoA Member
10Nilesh KothariCoA Member
11Anil ViraniCoA Member
12Pankaj ShahCoA Member
13Anil SankhwalCoA Member
14Smit PatelCoA Member
15Krishna Behari GoyalCoA Member
16Manish JiwaniCoA Member
17Anoop MehtaCoA Member
18Ashish BordaCoA Member
19Dwarka Prasad KhandelwalCoA Member
20K. SrinivasanCoA Member
21Mansukhlal KothariCoA Member

Govt. Nominee 
1Shri Siddharth Mahajan – Joint Secretary, Ministry of Commerce & Industry, Government of IndiaGovt. Nominee Director

 Profiles of Chairman and Vice Chairman

 Kirit A. Bhansali, Chairman, GJPEC

 Kirit A. Bhansali, is a well-known personality in the Indian diamond and jewellery industry. He is a partner in Smital Gems, a leading diamond manufacturing company based in Mumbai. With his extensive experience in the field, he has played a significant role in promoting and developing the Indian gem and jewellery industry. He is the Chairman of India Jewellery Park Mumbai (IJPM) and is a Committee Member of the Bharat Diamond Bourse (BDB). In the past he has also served as the chairman of the Indian Institute of Gems and Jewellery (IIGJ). Apart from his business activities,  Bhansali is actively involved in various socio-political and educational initiatives. Through his leadership and vision,  Bhansali has contributed significantly to the growth and development of the Indian diamond and jewellery industry.

 Shaunak Jitendra Parikh, Vice Chairman, GJEPC

 Shaunak Jitendra Parikh is 3rd generation entrepreneur and is one of the Directors of Mahendra Brothers Group of Companies who are into business of the manufacturing and marketing of diamonds and diamond jewellery.  Parikh holds a degree of Bachelors of Commerce from University of Mumbai and has more than 30 years of experience in the industry. After successfully establishing manufacturing and marketing of diamond jewellery for over a decade,  Parikh took charge of Group’s finances about 15 years back. He simultaneously completed an executive diploma in corporate finance from London Business School. A people’s man, and with a flair for creativity, he plays a vital role in running company’s overall business, group strategic planning & decision making, managing group finances and new business opportunities. Shaunak Parikh has previously held several key positions in GJEPC, including serving as the Convener of the Banking, Insurance, and Taxation Committee, as well as the Convener of International Exhibitions.

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

National News

PNG Jewellers stock touches 52-week high of Rs 727.80 amid strong market momentum, strong festive demand

Driven by robust investor confidence, strong festive demand, and the continued rise of India’s organized jewellery retail sector, PNG Jewellers stock surge to 52-week high

Published

on

1,692 Views

Driven by robust investor confidence, strong festive demand, and the continued rise of India’s organized jewellery retail sector, P N Gadgil Jewellers Ltd (PNGJL) stock hit a new 52-week high of Rs. 727.80 on the NSE today (May 7, 2026). The stock was trading strongly, with an intraday high of Rs. 727.80, showcasing significant upward momentum. The price was Rs 711.35 at close of trading.

The rally reflects growing investor confidence in India’s organized jewellery retail industry, particularly branded chains demonstrating strong expansion, rising revenues, and resilient consumer demand despite elevated gold prices.

The breakout above the earlier resistance level is being viewed positively by both market participants and technical analysts, indicating sustained bullish momentum in the stock.

Industry experts believe several key factors are contributing to the sharp upward movement in PNG Jewellers’ shares:

  • Expansion of retail showroom network
  • Growing trust in organized jewellery brands
  • Strong quarterly business updates
  • Increased investor interest in consumer retail stocks
  • Strong festive and wedding season demand

The branded jewellery segment continues to benefit from evolving consumer preferences, with buyers increasingly shifting toward transparency, certified products, and trusted legacy brands.

The rally in PNG Jewellers also underlines the broader strength of India’s organized jewellery market. Leading brands across the country are witnessing strong footfalls, higher ticket sizes, and consistent growth across bridal, festive, and daily wear categories.

With gold continuing to remain both an emotional asset and a preferred investment avenue for Indian consumers, jewellery retailers are maintaining strong business momentum even amid periods of elevated bullion prices.

Analysts now expect investors to closely monitor whether PNG Jewellers sustains above the crucial Rs. 700 breakout zone in the coming trading sessions. Continued earnings growth, retail expansion, and stronger visibility on future performance could further strengthen market confidence.

The stock’s fresh 52-week high marks another important moment for India’s jewellery retail industry, reinforcing the sector’s strong growth trajectory across both consumer demand and capital markets.

Continue Reading

Trending

JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x