GJEPC Delegation’s Latin American Tour Sparks Collaborative Opportunities for G&J sector

MUMBAI,MAHARASHTRA : In a bid to forge stronger economic ties and explore untapped markets, the Gem and Jewellery Export Promotion Council (GJEPC) orchestrated a delegation visit to Latin America from May 21st to 29th, 2024.

Spearheaded by Kirit Bhansali, Vice Chairman of GJEPC, the delegation embarked on a comprehensive tour encompassing Brazil, Colombia, and Panama, aimed at bolstering India’s gems and jewellery exports and fostering enduring partnerships in the Latin American and Caribbean (LAC) region.

Comprising esteemed members of India’s gems and jewellery sector, the GJEPC delegation included luminaries such as Mr. Anish Birawat, Managing Director of Chain N Chains Jewels Ltd.; Mr. Shailesh Sangani, Founder of Priority Jewels; Mr. Anilkumar B. Virani, Director of M/s Karp Impex Limited and Partner of M/s Ethereal Green Diamond LLP; and Mr. Yash Shah, Partner of The Lalit Gems Co. & President of The Dia Box Inc (US subsidiary of The Lalit Gems Co.).

Vipul Shah, Chairman of GJEPC said, “I am immensely proud of the strides we have made during our recent delegation visit to Latin America. Our engagements in Brazil, Colombia, and Panama have not only showcased the unparalleled craftsmanship and diversity of India’s gems and jewellery sector but also paved the way for enduring partnerships. We are committed to expanding India’s footprint in the global market, and this tour has been a significant step towards strengthening our economic ties with the Latin American and Caribbean region. The future is bright, and we look forward to a flourishing exchange of culture, commerce, and trading of gems & jewellery in these vibrant and dynamic regions.”

Kirit Bhansali, GJEPC vice-chairman said, Our engagements in these vibrant Latin American countries have been both fruitful and inspiring. The rich histories, cultural wealth, and economic potential of Brazil, Colombia, and Panama provide a strong foundation for mutually beneficial partnerships. I extend my heartfelt gratitude to the retailers and people of Brazil, Colombia, and Panama for their warm hospitality and invaluable support. The camaraderie and collaborative spirit experienced during this tour have set the stage for a brighter, more prosperous future for the gem and jewellery sectors of India and these esteemed nations. Together, we are poised to achieve remarkable milestones that will benefit our industries and peoples. We look forward to continuing this journey of shared growth and enduring partnership.”

In Brazil, the delegation convened with key industry stakeholders to explore potential collaborations and avenues for market expansion. Notable highlights included discussions with Mr. Ecio Morais, Director of IBGM, organizers of the renowned Feninjer jewellery show, to establish a dedicated India Pavilion for loose stone exhibitors. Engagements with prominent jewellery groups and retailers such as Monte Carlo and ESMEBRAS further underscored the delegation’s commitment to fostering bilateral trade relations.

Continuing their tour in Colombia, the delegation engaged in activities aimed at enhancing trade relations and promoting Indian jewellery in the Colombian market. Networking opportunities with the Indian Embassy and local jewellers, facilitated by Ms. Ali Pastorini, President of Mubri and GJEPC coordinator in the LAC region, provided insights into consumer preferences and import-export policies, paving the way for increased participation in international jewellery events.

In Panama, the delegation endeavored to solidify India’s presence in the LAC region’s gems and jewellery sector, with a focus on fostering collaboration and driving technological advancements. Events organized by the Indian Embassy and GJEPC provided platforms for fruitful discussions and networking opportunities, further cementing the foundation for collaborative growth between India and Panama.

Through strategic engagements spanning Brazil, Colombia, and Panama, the GJEPC delegation has laid the groundwork for enhanced trade relations and collaborative opportunities in Latin America, driving growth and prosperity in India’s gems and jewellery sector.