DiamondBuzz
De Beers cuts Sightholder list by a third in landmark restructuring
More than 20 clients dropped as the miner reshapes its rough-diamond distribution network
De Beers has notified more than 20 of its 69 sightholders that their client relationships will not be renewed when new contracts take effect on 1 July 2026 — a reduction exceeding one-third of its trading roster and the deepest single-cycle cut in the company’s recent history.
The revised sightholder list stands at approximately 45 companies, varying slightly depending on how firms with multiple trading divisions are counted. New contracts will replace agreements originally signed.
The restructuring reflects a strategic pivot toward a leaner, more concentrated distribution model. Industry analyst Edahn Golan has noted that at least one new sightholder from India has been added to the roster, signalling a continued shift in rough-diamond purchasing toward South and East Asian cutting centres.
De Beers declined to confirm the full list of retained or terminated clients, stating through spokesperson David Johnson that the updated sightholder directory will be published on the company’s website when the new contracts commence in July.
At its peak in the 1970s, De Beers maintained a sightholder list of over 350 companies. The move to sub-50 clients marks a structural consolidation that mirrors broader pressures on the natural diamond trade, including sustained demand softness, competition from lab-grown stones, and margin compression across the midstream.
DiamondBuzz
Divine Solitaires Named ‘Best Diamond Jewellery Brand’ At JewelZ South India 2026
The Recognition Acknowledges The Brand’s Approach To Quality Assurance, Standardised Pricing and Transparency In The Natural Diamond Solitaire Category.
Hyderabad, 25 September 2026: Divine Solitaires, India’s natural diamond solitaire brand, has been honoured with the ‘Best Diamond Jewellery Brand’ award at JewelZ South India 2026, recognising its efforts to bring greater consistency, transparency and quality assurance to the natural diamond solitaire buying experience. The award was presented on 22 September at Novotel, HICC, Hyderabad.
The recognition comes as the natural diamond solitaire category evolves, with consumers increasingly seeking greater clarity around certification, quality and pricing when making high-value jewellery purchases. Divine Solitaires has built its proposition around addressing these expectations through its 123-parameter Quality Guarantee and Nationwide Standard & Transparent Pricing, which are applied uniformly across its retail network.
With a presence through 200+ partner jewellers across 100+ cities in India, the brand offers a portfolio of 3,000+ designs, alongside consumer-focused initiatives and long-term value programmes, including buyback and upgrade options.
Commenting on the recognition, Jignesh Mehta, Founder and Managing Director, Divine Solitaires, said:

“The way consumers buy diamonds is evolving. A solitaire is a significant purchase, and today’s buyer wants greater clarity on what they are buying, how quality is evaluated and how the price is determined. At Divine Solitaires, our endeavour has been to bring greater structure and consistency to this journey through clearly defined quality parameters and transparent pricing. This recognition at JewelZ South India is encouraging because it reflects the industry’s growing focus on building trust through greater accountability and standardisation.”
Adding to the brand’s presence at the event, Jignesh Mehta participated in the panel discussion “How the Jewellery Moguls are Crafting the New Jewellery Era”, moderated by Ritu Marya, Editor-in-Chief, Retailer Media. The session brought together senior industry leaders to discuss evolving consumer expectations, trust-building and changing retail models.
Mehta’s participation focused on the evolving natural diamond solitaire category, particularly the importance of consistent quality assurance, transparency and standardisation in building consumer confidence around high-value jewellery purchases.
The recognition reinforces Divine Solitaires’ focus on creating a more structured and transparent solitaire-buying ecosystem, as the category continues to evolve alongside changing consumer expectations.
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