DiamondBuzz
Direct Diamond Trade in Focus as Botswana President Applauds GJEPC’s White Paper
GJEPC’s policy roadmap gains international support as Botswana backs efforts to strengthen global diamond trade practices.
Hon’ble President of India, Smt. Droupadi Murmu, visited Botswana on a State Visit from 11 to 14 November 2025. The Gem and Jewellery Export Promotion Council (GJEPC), representing India’s diamond sector, joined the Indian delegation along with South Gujarat Chamber of Commerce and Industry (SGCCI) at the invitation of the Government of Botswana.
During the visit, GJEPC presented its White Paper titled ‘Strengthening India-Botswana Diamond Partnership’ to His Excellency President Duma Gideon Boko. The document was formally handed over by Jayanti Savaliya, Regional Chairman – Gujarat, GJEPC.
The discussions centred on creating a more direct and efficient diamond trade pathway between India and Botswana. At present, Botswana-origin rough diamonds reach India through multiple intermediary hubs, raising costs, restricting access for MSMEs, and adding unnecessary logistical steps. The White Paper outlines a practical route to build a direct trade channel that strengthens both economies.
President Boko went through the report during the meeting and expressed appreciation for its clarity and forward-looking approach. He noted that the study shows “India is thinking positively for Botswana”, and thanked GJEPC for offering a workable roadmap for building a direct link with India’s diamond industry.
Botswana-based mining companies described the paper as revealing, highlighting its insights on direct supply, MSME access, and future cooperation through the Special Notified Zones (SNZ) in Surat and Mumbai, as well as GJEPC’s Special Materials Distribution Organization (SMDO).
Following the meeting, President Boko invited the Indian delegation to the Presidential dinner hosted in honour of President Murmu. He later held a separate meeting with the delegation, joined by his full ministerial team, underscoring Botswana’s strong interest in advancing structured cooperation with India’s diamond sector.
During the visit, the Indian delegation also proposed positioning Gaborone and Surat as twin cities focused on diamond-sector collaboration.

Jayanti Savaliya, Regional Chairman – Gujarat, GJEPC, said, “It was a privilege to present this White Paper during President Murmu’s historic visit and share India’s perspective on building a direct and efficient diamond corridor between Botswana and Surat.”
Julius Tsheko, Regional Director, Botswana Investment and Trade Centre, New Delhi, said, “Our team was pleased with the high-level Indian delegation that visited Botswana during the first-ever State Visit of an Indian Head of State. President Boko believes India has the capability to invest in Botswana and shape its economic future. We look forward to working together to turn these opportunities into reality.”


Nikhil Madrasi, President, SGCCI, added, “Botswana and India share a common vision of sustainable growth and economic partnership. Beyond diamonds, there is strong potential for trade in textiles, engineering, technology and services. Strengthening ties with Botswana will support greater business exchanges, innovation and cultural understanding.”
The encouraging response to the White Paper, combined with the ministerial-level discussions and interest in the Gaborone–Surat twin city idea, signals fresh momentum for a stable, transparent and mutually supportive India–Botswana diamond trade framework.
DiamondBuzz
Richemont and Signet Jewelers Could Join Global Diamond Consortium In Bid For De Beers
Richemont, Signet Would Connect The Consortium To Key Global Growth Vectors Spanning Luxury High Jewelry and Mass-Market Retail.
The Global Diamond Consortium (GDC)
Richemont and Signet Jewelers are reported to be in talks about joining the Global Diamond Consortium (GDC), the preferred bidder for De Beers according to a Bloomberg News report.
GDC was selected in July 2026 as one of Anglo American’s preferred bidders for De Beers as part of Anglo American’s ongoing corporate restructuring.
The potential inclusion of Richemont—owner of luxury Maisons including Cartier and Van Cleef & Arpels—and Signet Jewelers—the world’s largest retailer of diamond jewelry, operating brands such as Kay Jewelers, Zales, and Jared—would connect the consortium to key global growth vectors spanning luxury high jewelry and mass-market retail.
Strengthening the Natural Diamond Ecosystem: Participation by major luxury brands and global retail leaders reinforces commitment across the entire value chain—from responsible mining and manufacturing to consumer engagement.
Balanced Governance Structure: Discussions center on potential minority equity positions that would support long-term category growth while maintaining appropriate separation between ownership and commercial strategy.
Broad Stakeholder Participation: The consortium continues to advance talks with host governments, including discussions with the Government of Botswana regarding a potential increase in its equity share in De Beers from 15% to approximately 25%, alongside participation from private investors and southern African host nations.
Discussions between GDC, Richemont, Signet, and participating government stakeholders remain ongoing. Terms of any potential participation, including the size of equity interests, have not been finalized and remain subject to regulatory approvals and definitive documentation.
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