The future of India’s gem and jewellery industry came alive at the launch of InnovNXT 40 Under 40 in Mumbai on 25th June 2025 — a dynamic initiative by the Gem & Jewellery Export Promotion Council (GJEPC), the apex body for the gem and Jewellery industry in India, aimed at recognising and empowering its next generation of leaders. With the World Gold Council as Presenting Partner, Godrej as Associate Partner, and DSP Mutual Fund as Co-Partner, the event brought together trailblazers, changemakers, and thinkers under one roof for a day of insight, inspiration, and exchange.
The InnovNXT 40 Under 40 conference features a power-packed agenda that keeps the momentum going throughout the day. Sessions explore a wide range of topics — from the strategic journey of IPOs and wealth creation, to the growing influence of women in the jewellery sector. Discussions dive into pressing themes like the surge in gold prices, building a lab-grown diamond brand, and scaling tech businesses with a bootstrapped mindset. With each panel offering fresh perspectives and actionable insights, the event creates an environment that is both thought-provoking and energising for the next generation of industry leaders.
InnovNXT 40 Under 40 was inaugurated by Smt. Aditi Sunil Tatkare, Hon’ble Minister for Women and Child Development, Government of Maharashtra, along with Shri Kirit Bhansali, Chairman, GJEPC; Smt. Khushboo Ranawat, Regional Chairman (WR), GJEPC; Shri Sachin Jain, Regional CEO – India, World Gold Council; and Shri Nirav Bhansali, Convener – National Exhibitions, GJEPC, in the presence of distinguished industry leaders and participants.
The Chief Guest, Smt Aditi Sunil Tatkare, Hon’ble Minister for Women and Child Development, Government of Maharashtra, applauded the 40 Under 40 initiative.
Smt Tatkare said, “I truly commend GJEPC for envisioning and organising the 40 Under 40 conference — it reflects foresight and deep commitment to nurturing the next generation. Every era brings innovation, but it’s equally important to honour tradition. Young leaders must carry forward their legacy with honesty and fresh ideas. Events like this are not just celebrations, but platforms of growth, dialogue, and responsibility.”
Mr. Govind Dholakia, Hon’ble Member of Parliament (Rajya Sabha), joined virtually with a heartfelt video message that reflected on the importance of values-led leadership and resilience.
Mr. Dholakia noted, “For the youngsters here, InnovNXT isn’t just a platform — it’s an opportunity. A space to share bold, exciting ideas and learn from one another. If you’ve inherited a business legacy, nurture it with passion. It’s your responsibility to carry it forward with care and vision. Also, many diamantaires are actively involved in impactful CSR initiatives — showing that success isn’t just about business growth, but also about giving back. Because real progress begins when we tackle real problems. If you are in the comfort zone, you will not progress.”
Delivering the welcome address, Mr. Kirit Bhansali, Chairman, GJEPC, praised the ambition and energy of the young leaders in the room.
Mr. Kirit Bhansali said, “You are not only the future; you are already the architects of change. In an industry shaped by tradition, it’s your fresh thinking, your values, and your willingness to embrace innovation that will define what comes next. Sustainability, transparency, and ethical business are no longer optional—they are essential. As we navigate a rapidly evolving global market, it’s your energy and ideas that will keep India at the forefront.”
Mr. Nirav Bhansali, Convener – National Exhibitions, GJEPC, set the context with an engaging and relatable message to the audience. “InnovNXT isn’t just another seminar—it’s a signal that the industry is ready for something new. You’re not here to follow an existing path, but to shape a new one. The next decade belongs to those who challenge, question, and reimagine. Whether it’s AI in design or circular economy models, the pace of change is real—and you are leading it. So be present, be curious, be bold. This platform is your launchpad. Because the future will not wait—and neither should you.”
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