loader image
Connect with us

DiamondBuzz

De Beers to Reduce Workforce at Gahcho Kué Mine

Around 5% of employees impacted as joint-venture partners review financial viability and future production plans.

Published

on

1,230 Views

De Beers has initiated discussions to reduce approximately 5% of its workforce at the Gahcho Kué diamond mine in Canada’s Northwest Territories following a joint decision to pause development of the Tuzo expansion project.

The move comes after De Beers and its joint-venture partner, Mountain Province Diamonds, opted to temporarily halt the Tuzo pit extension while conducting a financial assessment in response to ongoing industry challenges. The pause has triggered a review of operational requirements, leading to conversations around potential redundancies.

A company spokesperson stated that internal evaluations are underway to determine appropriate staffing levels. Discussions have begun with a limited number of employees, with efforts focused on minimizing the impact on workers residing in the Northwest Territories.

De Beers holds a 51% stake in the project, while Mountain Province owns the remaining 49%. The mine currently employs between 500 and 1,000 workers, including contractors.

The spokesperson emphasized that the decision was made carefully, acknowledging the strong safety and operational performance delivered by the team over the past two years. The company will continue to assess market conditions and operational needs as it reviews future production plans at Gahcho Kué.

Originally, the Tuzo expansion was expected to extend the mine’s life to 2031. With the project now on hold, the timeline for the mine’s long-term future remains uncertain.

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

DiamondBuzz

Mangalsutra Revival 2025–26: How India’s wedding boom is powering a new era of cultural jewellery

by Viraj Thadeshwar-CEO, Shringar House of Mangalsutra Ltd

Published

on

1,177 Views

A Historic Wedding Season Driving Jewellery Demand

India is entering one of the most robust wedding seasons in recent years, with a record number of auspicious dates and full-scale celebrations making a strong comeback. This renewed vibrancy is expected to fuel significant demand for bridal jewellery across the country.

Weddings continue to remain the single-largest consumption driver for gold and diamond jewellery in India, and 2025–26 is poised to be no different. Retailers are already reporting heightened customer interest and increased pre-bookings for bridal collections, signalling bullish sentiment for the months ahead.

The Mangalsutra: A Timeless Symbol Strengthened by Tradition

At the core of this surge lies the most meaningful and culturally significant ornament in Hindu marriage — the mangalsutra.

More than a piece of jewellery, it is a sacred symbol of marital commitment, emotional connection, and lifelong partnership.

For generations, the mangalsutra has been considered non-negotiable in a bride’s trousseau. Even as tastes evolve, this deep-rooted sentiment remains unchanged. Every bride, regardless of region or style preference, views the mangalsutra as the ultimate expression of tradition and identity.

Renewed Traction as Weddings Return to Full Scale

With weddings regaining their pre-pandemic scale, the mangalsutra category is witnessing a strong revival. Retailers across India are expecting double-digit growth this season, driven by cultural significance, modern design innovation, and the desire for multiple variations of this essential ornament.

At Shringar House of Mangalsutra Ltd, this trend is even more pronounced. The brand is witnessing record retailer inquiries nationwide, indicating a clear shift toward curated mangalsutra assortments.

Modern Brides Want More Than One Mangalsutra

A key evolution shaping demand is the changing mindset of young brides. Today’s bride is both rooted in tradition and expressive in personal style, balancing heritage with contemporary fashion sensibilities.

Brides are increasingly purchasing three distinct types of mangalsutras:

  • Traditional / Heavy Pieces — for rituals and wedding ceremonies
  • Lightweight Daily-Wear Designs — prioritising comfort and practicality
  • Occasion-Wear / Diamond Mangalsutras — designed to complement modern outfits

Versatility has become a major purchasing driver, with brides seeking jewellery suitable for both ethnic and western wear. Personal identity and styling preferences now play a stronger role in design decisions, making multi-category buying behaviour a significant growth contributor.

The Rise of Lightweight & Diamond-Styled Mangalsutras

Design trends are evolving rapidly, with rising demand for:

Lightweight, Minimalist Mangalsutras

Perfect for daily wear, these designs deliver elegance without heaviness. They are especially popular among working women and younger brides who prioritise comfort, versatility, and subtle sophistication.

Diamond-Studded Mangalsutras

This segment has emerged as the fastest-growing category. With refined brilliance and contemporary appeal, diamond mangalsutras are becoming a trousseau essential for fashion-conscious brides.

At Shringar, the design philosophy focuses on preserving the emotional essence of the mangalsutra while integrating global aesthetics, fine craftsmanship, and modern versatility.

A Powerful Moment for the Mangalsutra Category

As India embraces full-scale weddings supported by strong consumer sentiment, the mangalsutra stands at the centre of this resurgence — not merely as jewellery, but as a living cultural legacy growing stronger with every generation.

The upcoming season presents a tremendous opportunity for both retailers and manufacturers. For Shringar House of Mangalsutra Ltd, it marks a moment to celebrate heritage, drive design innovation, and strengthen its commitment to serving the emotional and cultural heartbeat of Indian weddings.

Continue Reading

Trending

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.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x