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De Beers opens flagship store in Dubai Mall

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De Beers has unveiled its new flagship boutique in Dubai Mall, marking a significant expansion into the UAE in partnership with Chalhoub Group. Rooted in over a century of diamond expertise, the store showcases the brand’s iconic collections—including Talisman, Enchanted Lotus, and RVL—alongside one-of-a-kind high jewellery pieces. Inspired by nature and blending Southern African heritage with London design, the boutique offers a luxurious, immersive space that celebrates De Beers’ legacy and craftsmanship.

Drawing on diamond expertise stretching back to 1888, the jewellery house marks life’s gradual evolution with meaningful creations. Just as rough diamonds are transformed into exquisite De Beers jewellery, the house honours the heartfelt moments, big and small, that define who we become.

Situated on the ground floor of the prestigious Dubai Mall in downtown Dubai, the new boutique takes design cues from the De Beers flagship on London’s Old Bond Street. Resplendent in the house’s signature shades of blue, white and orange, the furnishings and decorations have been chosen to represent locations close to De Beers’ heart. The boutique is designed to foster connections between clients and Brand Ambassadors, with a combination of open-plan space to explore the collections and intimate private areas. A bespoke lighting system was developed to showcase the fire, life and brilliance of each De Beers diamond.

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DiamondBuzz

AWDC Hails EU-India Trade Pact, Sees Strong Export Boost for Antwerp-Polished Diamonds in India

Tariff cut on Antwerp-polished diamonds seen boosting exports and strengthening Europe’s position in India’s fast-growing jewellery market.

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The Antwerp World Diamond Centre (AWDC) has welcomed the conclusion of the EU–India trade agreement. The pact provides for a reduction of India’s import duty on naturally polished diamonds of European origin, from 5.5% to 2.5%. AWDC said the tariff reduction follows its sustained lobbying in close coordination with the European Commission.

“We are extremely pleased with the outcome of the long-awaited trade agreement between Europe and India,” said Karen Rentmeesters, CEO of AWDC. “Thanks to AWDC’s intensive and sustained lobbying, in close cooperation with the European Commission, India’s import duty on polished diamonds has been reduced from 5.5% to 2.5%. This is an important boost for the Belgian diamond sector and is expected to have a positive impact on exports of Antwerp-polished diamonds to India.”

She added that the agreement strengthens Antwerp’s competitive position as a polishing hub. “Diamonds polished in Europe will now be able to enter India at a more favourable tariff than before, and also compared to other major trading hubs. India is one of the fastest-growing consumer markets for jewellery and therefore also offers strong prospects for European diamonds.”

Rentmeesters also highlighted the importance of tariff stability. “Since 2012, we have seen the tariff fluctuate from 2% to 2.5%, then to 5% and even 7.5% in 2018, before falling again to 5.5% in 2022. This lack of predictability created uncertainty within the sector. The fact that the tariff is now anchored in a trade agreement provides much-needed stability in a period that — partly due to geopolitical developments — is particularly challenging for the diamond sector, as it is for many other sectors.”

Trade agreements need to be ratified by European and national parliaments before entering into force. This procedure that usually takes multiple months or sometimes even years, AWDC noted.

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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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