Bhansali’s understanding of sector dynamics and institutional processes is likely to aid in advancing IAGES’ objectives
Mumbai: Kirit Bhansali, Chairman, Gem & Jewellery Export Promotion Council (GJEPC), has been appointed as Nominee Director on the Board of the Indian Association for Gold Excellence and Standards (IAGES), effective May 11, 2026. His appointment brings extensive industry experience and leadership to the organization at a time when structured industry representation remains a priority.
Bhansali is a recognized name in the Indian diamond and jewellery sector. He is a partner at Smital Gems, a Mumbai-based diamond manufacturing company, and has been actively involved in the trade for several years. Through his work, he has contributed to the growth and development of the industry, particularly in areas related to manufacturing, trade practices, and industry representation.
In addition to his business role, Bhansali serves as a Committee Member of the Bharat Diamond Bourse (BDB), where he has been involved in various initiatives concerning the trade. He has also previously served as Chairman of the Indian Institute of Gems and Jewellery (IIGJ), contributing to skill development and education within the sector.
Beyond his professional responsibilities, Bhansali is engaged in socio-political and educational initiatives, reflecting a broader involvement in community and institutional development. His experience across industry, education and organizational roles positions him to contribute to policy discussions and strategic direction.
At IAGES, his appointment is expected to support the organization’s ongoing efforts to strengthen its role within the industry. His understanding of sector dynamics and institutional processes is expected to help advance the association’s objectives.
IAGES has welcomed Bhansali to its Board of Directors and looks forward to his contribution in strengthening the organization’s initiatives and supporting the long-term development of the gems and jewellery sector.
First announced in August 2024 and fully operational a few months later, the IAGES is backed by apex trade bodies like India Bullion & Jewellers Association (IBJA), Gem & Jewellery Export Promotion Council (GJEPC), All India Gem & Jewellery Domestic Council (GJC) with overall support from the World Gold Council (WGC).
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