OurBuzz
BIJS 2023 opens with a grand inauguration in Kolkata
Bengal International Jewellery Show 2023 was inaugurated by Joy Alukkas, CMD, Joyalukkas Group alongwith Ali Saleh Baterfi Al Kindi, Vice Chairman, Federation of Council of Saudi Chamber, Jeddah, Saudi Arabia today, 8 December 2023, at Milan Mela Exhibition Complex , Kolkata.
The grand opening saw the presence of stalwarts and dignitaries including Mr. Samar Kumar De, President, SSBC; Mr. Arun Kumar Varma, President, BGJA; Mr. Tagar Chandra Poddar, General Secretary, Bangiya Swarna Shilpi Samiti; Ms.Kranti Nagvekar, Founder and MD, KNC Services; Mr. Suvankar Sen, Chairman and MD, Senco Gold; Saiyam Mehra, Chairman, GJC; Mr. Suber Sen, Chairman, B.C. Sen Jewellers, Mr. Pankaj Pariekh, Regional Chairman, GJEPC amongst others.
The 4th edition of the BIJS organised and promoted by KNC Services, will run from 8th to 10th December, 2023.
BIJS features 250+ exhibitors.50+ retail chains and 200+ overseas buyers are visiting the show.10000+ domestic visitors are expected to attend the show.
DiamondBuzz
De Beers Sale Nearing Final Stage: Al Cook
Potential Buyers Are Understood To Include A Consortium Comprising African Governments and Private-Sector Investors
The long-awaited sale of De Beers appears to be entering its final phase, with Chief Executive Officer Al Cook indicating that a transaction could be completed within weeks.
Cook said the divestiture process is “closer than it has ever been” and expressed confidence that a deal would be concluded sooner rather than later.
According to Cook, negotiations have been extensive and the process has now reached a critical stage. Potential buyers are understood to include a consortium comprising African governments and private-sector investors.
Botswana, which currently holds a 15 percent stake in De Beers, has shown interest in increasing its participation, alongside Angola and Namibia. Several commercially focused investment groups are also reportedly evaluating opportunities.
The sale comes as De Beers continues to grapple with challenging market conditions. Weak global demand for natural diamonds has prompted cost-cutting measures, including plans to reduce annual overheads by approximately $100 million. Parent company Anglo American has repeatedly written down the value of the diamond business amid declining sales and rising inventories.
According to Anglo American’s 2025 financial report released in February 2026, De Beers’ enterprise value has fallen to $2.3 billion, a sharp decline from $9.2 billion in 2023.
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