International News
Coimbatore Jewellers’ Delegation Seeks GCC Market Opportunities at IJEX
CJMA’s 60-Member Delegation Visits Dubai to Strengthen Ties with GCC Buyers
A 60-member delegation from the Coimbatore Jewellery Manufacturers Association (CJMA) recently visited the India Jewellery Exposition Centre (IJEX) in Dubai, UAE, to explore business prospects in the Gulf Cooperation Council (GCC) market. The visit, organized with the support of the GJEPC Chennai Regional Office team, aimed to connect Coimbatore’s jewellery manufacturers with potential buyers and partners across the GCC region.
IJEX played a key role in the delegation’s visit by showcasing its platform’s ability to help Indian manufacturers tap into global markets, especially in the GCC. During the tour, the delegation gained valuable insights into how the centre operates and supports export initiatives.
Muthu Venkatram, President of CJMA, praised IJEX for its pivotal role as a connector between Indian jewellery exporters and the GCC market. He emphasized the platform’s positive impact on expanding Coimbatore’s jewellery business and encouraged Micro, Small, and Medium Enterprises (MSMEs) in the region to seize the opportunities presented by IJEX to grow their international presence.
DiamondBuzz
Diamond Slump forces Debswana to diversify into copper, platinum and solar
Diamond-centric mining models is giving way to broader resource portfolios
Debswana Diamond Company, the 50–50 joint venture between the Botswana government and De Beers, is moving to diversify into copper, platinum and renewable energy as the prolonged downturn in natural diamond demand pressures earnings and forces the industry to rethink its growth strategy.
The company’s board has approved plans to invest in a portfolio of non-diamond projects after revenue fell 46% in 2024, the latest available financial year, highlighting the scale of the downturn in the global diamond market.
The move signals a strategic shift toward commodities with stronger long-term demand fundamentals, particularly copper, which is central to global electrification and energy-transition infrastructure.
Debswana’s diversification reflects a broader industry pivot as diamond producers confront weak consumer demand, rising competition from lab-grown stones and elevated inventories across the supply chain.
The shift is also visible among smaller exploration companies. Botswana Diamonds recently rebranded as Botswana Minerals, signalling its own strategic focus on copper exploration rather than diamonds.
Together, these moves underscore a growing consensus across the sector: the era of diamond-centric mining models is giving way to broader resource portfolios anchored in energy-transition metals.
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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.