International News
Advent International Set to Acquire Controlling Stake in Orra Jewellery for Rs 1,750 Crore
US-based private equity firm Advent International is in advanced talks to acquire a controlling stake in Orra Fine Jewellery, a brand previously owned by India’s Rosy Blue Group, according to multiple sources familiar with the deal. The transaction, valued at Rs 1,500-1,750 crore (approximately $174-203 million), highlights the growing interest from investors in the jewellery retail sector.
Advent is expected to take a 51-75% controlling stake, with Dipu Mehta, Orra’s managing director, retaining a minority share. The private equity firm plans to take Orra public within a few years, and as part of the deal, it will assume management and voting rights.
Orra, founded in 2004 by the Rosy Blue Group, sells diamond, gold, and platinum jewellery through a network of stores across India. With design centres in global cities like Antwerp, Tokyo, New York, and Hong Kong, the company has carved out a niche in the premium jewellery market. The deal is now in the final documentation stages, with an official announcement expected soon.
International News
Panjshir emerald industry surges, demand drives record $6.1m in gemstone sales
For a country impoverished by years of war and burdened by international sanctions, the trade in precious minerals is a valuable resource, especially in the remote corner of northeastern Afghanistan.
The Panjshir Provincial Directorate of Mines in Afghanistan today announced record-breaking growth in its gemstone sector, driven by strong international buyer demand and increased regional extraction activities.
Following its 23rd successful public commercial auction of the year, cumulative emerald sales in Panjshir have reached nearly 400 million Afghanis ($6.12 million USD), marking a steep year-over-year increase in trade revenue. The latest auction saw close to 3,000 carats of high-grade emeralds awarded to competitive regional and international bidders.
Strong Market Fundamentals & Regional Economic Impact
The Panjshir gemstone sector continues to serve as a pivotal economic engine for the region:
- Workforce Expansion: Over 15,000 workers are currently employed across artisanal and small-scale operations throughout the Panjshir Valley.
- Uncapped Resource Potential: Provincial authorities have identified more than 2,000 prospective mining sites suitable for immediate modern development and investment.
- Macroeconomic Contribution: Boosted by mining rights auctions and natural resource commercialization, total state revenue saw a 22 percent year-on-year surge entering Q2 2026, according to World Bank metrics.
“Panjshir emeralds are globally recognized for their exceptional purity and cut quality, securing a premium valuation across international markets,” said Ghulam Mustafa Habibi, a prominent regional gem merchant.
Strategic Strategic Partnership & Infrastructure Opportunities
To further modernize extraction and capture downstream value, local leadership is actively courting foreign direct investment and technical partnerships. Recent regulatory agreements have attracted venture capital and technical stakeholders across Asia and the Middle East to develop Afghanistan’s broader mineral portfolio.
Strategic priorities for the sector include:
- In-Country Processing Infrastructure: Establishing a centralized processing and standardization hub in Kabul to refine raw gemstones prior to export.
- Modernization & Modern Equipment Deployment: Transitioning operations from traditional manual extraction to industrial-grade technology to maximize yield and operational safety.
- Global Market Integration: Developing direct supply pipelines to major international gem-cutting and retail hubs.
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