DiamondBuzz
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.
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.
De Beers Group today announced that Feriel Zerouki, Chief Trade and Industry Officer and member of the Executive Committee, has decided to leave the company at the end of October 2025.
Feriel joined De Beers in 2005 and has played a central role in shaping the company’s leadership in ethics, provenance and industry integrity. She led the launch of Tracr and GemFair, two major initiatives that advanced traceability and responsible sourcing in the diamond industry, strengthening consumer confidence and setting new benchmarks for transparency and sustainability.
Beyond her work at De Beers, Feriel has led efforts to enhance the Kimberley Process and improve transparency in mining-origin certification as President of the World Diamond Council, a role she will continue until the end of May 2026.
Al Cook, CEO of De Beers Group, said: “Feriel has played a pivotal role in establishing and upholding the highest standards of integrity and provenance within De Beers and across the global diamond industry. Her strategic insight and leadership have contributed meaningfully to initiatives that will leave a lasting impact on the sector. We thank her for her contributions and wish her continued success as she embarks on the next chapter of her career.”
Reflecting on her time at De Beers, Feriel Zerouki, said: “Being part of De Beers has been an extraordinary journey. I am immensely proud of what we have built together, and deeply grateful for the people and partnerships that have defined these twenty years. I leave with pride in our shared achievements and with excitement for what lies ahead.”
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