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BlueStone Jewellery Rs 1,541 crore IPO subscribed 66%

BlueStone Jewellery and Lifestyle’s ₹1,541 crore IPO has reached 66% subscription on the final bidding day, with QIBs leading at 85% of their allotted quota.

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BlueStone Jewellery and Lifestyle’s Rs 1,541 crore IPO has been subscribed 66% overall as per the latest update on the third and final day of bidding. Among investor segments, Qualified Institutional Buyers (QIBs) have shown relatively stronger interest, having subscribed to 85% of their allotted portion.

BlueStone plans to raise up to Rs 1,541 crore via its IPO, comprising a fresh equity issue of Rs 820 crore and an OFS of 1.39 crore shares by existing investors, including Accel India III, Saama Capital II, Kalaari Capital, Iron Pillar, and Sunil Kant Munjal.

Ahead of the IPO launch, BlueStone secured Rs 693 crore from anchor investors. In the grey market, the response to the issue has been lukewarm, with the IPO trading at a modest premium of just 0.4% over its issue price of Rs 517 per share.

The latest Grey Market Premium (GMP) for BlueStone Jewellery’s IPO is hovering between Rs 2-4 above the issue price of Rs 517 per share. This points to a potential listing price of around Rs 520, implying a modest estimated gain of about 0.4% per share.

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Rosamond Medhurst
3 months ago

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DiamondBuzz

Ghana to Chair Kimberley Process in 2027

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Ghana, represented by the Ghana Gold Board (GoldBod), has been appointed Vice Chair of the Kimberley Process (KP) for 2026 and is set to assume the Chairmanship in 2027. This landmark appointment, announced at the 2025 Kimberley Process Plenary in Dubai, marks the first time a West African nation will lead the global diamond certification initiative since its inception in 2003.

Despite being one of the world’s smaller diamond producers, Ghana’s strong commitment to responsible mineral governance, transparency reforms, and technical expertise in gold and diamond management garnered widespread confidence among KP members. The appointment followed intense deliberations among governments, industry stakeholders, and civil society, underscoring Ghana’s readiness to steer the KP’s efforts in combating conflict diamonds and enhancing sustainable practices worldwide.

As Chair, Ghana will oversee the implementation of the Kimberley Process Certification Scheme (KPCS), coordinate working groups and committees, and guide policy decisions to ensure the integrity of the global diamond supply chain. Ghana Gold Board CEO Sammy Gyamfi emphasized that this esteemed role entails a significant responsibility to lead with excellence, transparency, and innovation.

The UAE, the current custodian Chair in 2025, continues to maintain leadership continuity, while the position of Chair for 2026 remains unfilled. Ghana’s leadership signals a new chapter for the KP, strengthening West Africa’s role in global diamond governance and sustainable industry practices.

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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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