DiamondBuzz
Bharat Diamond Bourse hosts RJC Roadshow
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, 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.
In a clear sign of the growing strategic importance of lab-grown diamonds for technological applications, the Spanish government has committed a massive EUR 750 million (approximately $813 million) investment to Diamond Foundry’s new manufacturing plant in Trujillo.
This significant funding injection is specifically earmarked for the production of semiconductor-grade, lab-grown diamonds. It dramatically boosts the project’s war chest, adding to the initial EUR 80 million in funding that the European Union had already pledged last December.
The Trujillo facility is poised to become the largest of its kind in Europe, specializing in high-tech, industrial, and semiconductor-grade diamonds.
- Projected Output: When operations begin—anticipated sometime between 2027 and 2029—the plant is expected to yield over 4 million carats annually, with production slated for substantial increases thereafter.
- Total Project Value: The full cost of the Trujillo project is reported to be a staggering EUR 2.35 billion.
This monumental investment underscores a key trend in the lab-grown diamond sector: a heavy pivot away from the jewelry market and toward high-value industrial and technological applications.
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