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Bharat Diamond Bourse hosts RJC Roadshow

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Bharat Diamond Bourse (BDB) hosted the Responsible Jewellery Council (RJC) Roadshow on 21st November, bringing together international experts and industry professionals for focused discussions on responsible, transparent, and future-ready practices in the diamond and jewellery sector.

Led by Dave Meleski, Chairman, RJC, the programme featured presentations by Suzanne Brooks, General Manager – Standards, and Andreea Cojanu-Davidoiu, General Manager – Quality & Compliance Assurance, along with Kinjal Shah, Head of Asian Development, RJC. Their sessions outlined updated RJC standards, assurance frameworks, certification processes, and the rising importance of ESG principles across the global supply chain.

About 75 diamantaires, compliance specialists, and sustainability professionals participated, engaging in meaningful dialogue on responsible sourcing, risk management, and international compliance benchmarks.

anoop mehta

Anoop Mehta, President, BDB, said: “Collaborations with organisations like the RJC help guide the industry toward stronger ethical, transparent, and responsible practices. BDB is committed to supporting these efforts and ensuring our members remain aligned with global standards.”

Mehul Shah, Vice President, BDB, added: “The discussions at the roadshow provided our members with valuable clarity on compliance and sustainability expectations. BDB will continue to encourage platforms that strengthen trust across the diamond value chain.”

The programme concluded with an interactive Q&A session, offering participants practical guidance on implementing RJC standards and enhancing organizational compliance systems.

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DiamondBuzz

Lucara Secures $50 Million Equity Boost for Karowe Underground Expansion

Lundin Family Trusts back CAD 70 million private placement to fund 2026 development plans

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Lucara Diamond Corp. has raised CAD 70 million (approximately $50.5 million) through a private placement of equity to support the advancement of its Karowe Underground Project (UGP) and strengthen its working capital position.

The company issued around 437.5 million shares at a price of CAD 0.16 per share, with the Lundin Family Trusts subscribing to the entire offering. The Lundin family controls Nemesia, Lucara’s largest shareholder, reinforcing its long-term commitment to the miner’s flagship Botswana operation.

Proceeds from the financing will be primarily used to progress the Karowe UGP, a key growth initiative aimed at extending the life and value of the mine, alongside general corporate and working capital requirements.

Commenting on the transaction, Lucara President and CEO William Lamb said the support from the Lundin Family Trusts highlights the strategic importance of the underground expansion. He added that the funding will position the company to accelerate critical project milestones planned for 2026.

The private placement is subject to customary regulatory approvals, including acceptance by the Toronto Stock Exchange, and does not require shareholder approval. Lucara expects the transaction to close by the end of the month.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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