National News
Directorate of Industries Roundtable consultation focuses on g&J Policy
The Directorate of Industries (DI) convened a crucial roundtable consultation on 5th March to discuss and formulate a comprehensive policy for the gem and jewellery sector. The meeting, chaired by the Directorate of Industries, brought together key stakeholders, industry experts, and representatives from GJEPC.
The primary agenda of the consultation was to identify and deliberate on necessary policy interventions and support measures aimed at driving growth and ensuring the long-term sustainability of the sector. DI officials led the discussions, ensuring a focused and productive exchange of ideas.
Among the main points of discussion were the creation of a dedicated vault to facilitate the sourcing of precious metals for export purposes, streamlining the supply chain and enhancing competitiveness, the need for a centralised sourcing centre for gems and jewellery, the importance of state support in developing and strengthening gem and jewellery clusters, and providing adequate working capital and financial assistance to businesses.
National News
De Beers Q3 Sales Volume Rises 71% Year On Year On Price Cuts
Performance Remains Weighed Down By A Shift Toward Lower-Value Goods and Ongoing Pressure From Lab-Grown Diamonds
De Beers Q3 total rough-diamond sales volume jumped 71% year-on-year to 9.8M carats. Consolidated volume surged 91% to 8.7M carats, driven by aggressive July price cuts that sparked buyer demand.
​Price Drop Capped Revenue: The average selling price tumbled 45% to $84/carat (price index down 20%). As a result, Q3 consolidated revenue rose only 4% to $731M, while year-to-date revenue dropped 15% to $2.04B.
Production Target Raised: 2026 production guidance increased to 25–28M carats following full acquisition of the Gahcho Kué mine, boosting De Beers’ share of output without adding extra supply to the global market.
Market Pressures: Performance remains weighed down by a shift toward lower-value goods and ongoing pressure from lab-grown diamonds in price-sensitive categories.
Signs of Stability: Anglo American reported stabilizing rough-diamond conditions, supported by improved consumer demand in the US and India and a better-balanced supply-demand landscape.
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