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BIJS 2023 opens with a grand inauguration in Kolkata

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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.

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DiamondBuzz

Botswana Says Stable Relationship With De Beers Vital to Diamond Recovery

Botswana Also Wanted to Move Further up the Diamond Value Chain, While Reducing its Economic Dependence on Diamonds Through Manufacturing, Energy, Agriculture, Tourism and Financial Services

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Botswana Vice President and Finance Minister Ndaba Gaolathe said a stable relationship with De Beers was crucial to the recovery of the natural diamond market, warning that uncertainty over the partnership had created an opening for lab-grown diamonds.

Speaking at Chatham House on Sept. 17, Gaolathe said Botswana and De Beers had historically worked together during market downturns through rough-diamond stockpiling and marketing.

His comments come as Anglo American seeks to sell its 85% stake in De Beers. Botswana has signalled an interest in increasing its role in the diamond company.Gaolathe said, however, that Botswana’s ambitions went beyond simply increasing its ownership. After decades in the diamond industry, the country had developed expertise across the value chain, 

Botswana currently owns 15% of De Beers, while Anglo American is seeking to sell its 85% stake. Botswana has indicated it wants a larger role but would not risk its finances simply to increase ownership, Gaolathe said.

He said Botswana also wanted to move further up the diamond value chain, while reducing its economic dependence on diamonds through manufacturing, energy, agriculture, tourism and financial services.

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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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