Mumbai: Kirit Bhansali, Chairman of the 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.
The appointment is expected to strengthen IAGES’ industry representation at a time when standards, transparency and structured policy direction are gaining importance in the Indian gold and jewellery sector.
Bhansali is a recognised name in the Indian diamond and jewellery industry. He is a partner at Smital Gems, a Mumbai-based diamond manufacturing company, and has been actively associated with the trade for several years. His experience spans manufacturing, trade practices, industry representation and institutional development.
Apart from his business role, Bhansali also serves as a committee member of the Bharat Diamond Bourse (BDB), where he has been involved in initiatives related to the trade. He has also previously served as Chairman of the Indian Institute of Gems and Jewellery (IIGJ), contributing to education, training and skill development within the sector.
His appointment to the IAGES Board is expected to bring deeper industry understanding and practical insight to the organisation’s ongoing efforts. With his experience across business, education and industry bodies, Bhansali is likely to support IAGES in strengthening its role in policy discussions, standardisation efforts and long-term sector development.
IAGES has welcomed Bhansali to its Board of Directors and looks forward to his contribution in advancing the organisation’s initiatives for the gem and jewellery industry.
Incorporated in August 2024 and operational a few months later, IAGES is backed by leading trade bodies including the Indian Bullion and Jewellers Association (IBJA), Gem & Jewellery Export Promotion Council (GJEPC), and the All India Gem & Jewellery Domestic Council (GJC), with overall support from the World Gold Council (WGC).
