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Doha International Diamond & Gem Conference 2025

A defining moment for Qatar’s luxury and gemstone industry

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The Doha International Diamond & Gem Conference concluded on January 31st, marking a pivotal moment in Qatar’s journey toward becoming a new hub for luxury, trade, and innovation in the diamond and coloured gemstone industry. Held alongside the Doha Jewelry & Watches Exhibition, the conference brought together some of the most diverse and influential voices in the diamond and coloured gemstone sector, setting the stage for an era of collaboration, sustainability, and market evolution.

Opening the conference, H.E. Saad Al Kharji, Chairman of Qatar Tourism, underscored Qatar’s enduring legacy as a destination synonymous with refinement and world-class excellence. “Qatar has always been a symbol of luxury, with its exceptional hospitality, advanced infrastructure, and rich cultural heritage. The synergy between this conference and the exhibition reflects our strategic vision to position Qatar as the global hub of luxury,” he stated.

H.E. Dr. Ahmed Al Sayed, Minister of State for Foreign Trade, emphasised Qatar’s growing influence in the diamond and gemstone trade, highlighting the nation’s commitment to fostering investment and collaboration. “The State of Qatar is not only honoured to be a part of the Kimberley Process but is also eager to contribute on a global scale. Our private sector and government institutions are ready to support and expand this industry, ensuring Qatar becomes a key player in the trade of high-value diamonds and jewellery.”

In a powerful address, H.E. Bogolo Joy Kenewendo, Minister of Minerals and Energy of Botswana, reflected on Botswana’s partnership with Qatar in advancing ethical diamond trading. “We were proud to support Qatar in the Kimberley Process, and we are delighted to see this nation take the baton forward in championing natural diamonds through this conference. Qatar’s commitment to this industry is evident, and as we gather in this dynamic setting—at the crossroads of innovation and culture—it is clear that this event is not just a conference but a movement toward meaningful progress.”

Echoing these sentiments, Ahmed Bin Sulayem, Executive Chairman of the Dubai Multi Commodities Centre, acknowledged the evolving landscape of the global diamond trade. “The industry faces headwinds, from shifting consumer demand to supply chain disruptions and the rise of lab-grown diamonds. But within these challenges lie opportunities—opportunities for innovation, for market resilience, and, most importantly, for collaboration.”

Feriel Zerouki, President of the World Diamond Council (WDC), described Qatar’s emergence as a timely and significant force in the global diamond industry. “Since joining the Kimberley Process in 2021, Qatar has been carving its niche, proving its dedication to ethical sourcing and responsible trade. This first conference sets a tone for the future—one that prioritises unity and transparency in the industry.

Kirit Bhansali, Vice Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), further emphasised the deep-rooted connections between Qatar and other leading markets. “India and Qatar share a rich history, not just in culture but in trade. With over 750,000 Indians calling Qatar home, our nations are linked by deep values of cooperation and mutual respect. This relationship is reflected in the growing trade between our two countries, especially in the high-value jewellery sector.”

Reflecting on the conference’s success, Alex Popov, Chair of the Organising Committee,reinforced Qatar’s growing significance in the industry. “This conference has demonstrated that Qatar is not just participating in the global diamond, coloured gemstone, and pearl trade—it is actively shaping its future. The level of engagement, the quality of discussions, and the vision shared here set a new benchmark for collaboration in our industry.”

As discussions unfolded throughout the conference, key themes emerged, reinforcing the importance of collaboration, innovation, and sustainability.

The theme “The New Connection” proved to be more than a title—it was a lived experience. Industry leaders, traders, and policymakers found new ways to forge partnerships, aligning on strategies to elevate natural diamonds and gemstones in the face of changing consumer expectations. Sessions like “Fostering Collaboration in the Diamond and Gemstone Sectors” highlighted the urgent need for a more integrated supply chain, with experts like Paul Rowley (De Beers) and Yamkela Makupula of the South African Diamond Producers Association (SADPO) stressing the importance of breaking down industry silos.

The discussion on category marketing revealed a pressing challenge—diamonds and coloured gemstones are not marketed as a luxury product like other high-end goods. In a session moderated by Dr. Frank Müller, speakers like David Kellie (Natural Diamond Council) and Katerina Perez (Jewelry Insider & Brand Consultant) explored how brands must redefine their storytelling to maintain desirability and captivate the next generation of luxury consumers.

The “Why Qatar?” session provided deep insights into the country’s strategic advantages as a luxury trade and investment hub. Panelists, including Mohammed Abdulsalam Al Emadi, Executive Director of Investment and Incubation at the Qatar Development Bank; Miriam Al Malik, Senior Executive, Invest Qatar; and Abdulla Al Abdulla, Director of Regulations Development and Compliance, the Qatar Free Zone Authority, highlighted Qatar’s stable monetary environment, pro-business policies, and world-class infrastructure as key enablers for sustainable growth in the diamond and gemstone industry.

One of the most extraordinary experiences of the conference was the session on ESG and sustainability held at the Heenat Salma Farm. Against Qatar’s desert landscape, industry leaders discussed the future of ethical sourcing, responsible mining, and social impact. The session was both a leisurely retreat and a profound opportunity to examine sustainability from a fresh perspective, reinforcing that luxury and responsibility must go hand in hand.

As the conference came to a close, the final session, “The Morning After,” brought together industry veterans to reflect on the key takeaways. The message was clear—this is just the beginning. From strengthening the diamond and gemstone value chain to redefining marketing strategies and enhancing sustainability efforts, the Doha International Diamond & Gem Conference has set the stage for tangible industry-wide change.

Qatar has proven itself not just as a host but as an emerging and auspicious participant in the global diamond and gemstone sector. This inaugural event was a statement that signals the country’s long-term vision for luxury, trade, and investment. With new partnerships, forged and critical conversations ignited, the Doha International Diamond & Gem Conference 2025 will be remembered as the beginning of a new era where Qatar stands firmly at the centre of the industry’s future.

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International News

Christie’s Paris Auction Rakes in over $19M 

Christie’s Paris Jewellery Auction Hits $19.6M, Van Cleef & Arpels Ruby Ring Tops Sales

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Christie’s recent Joaillerie Paris auction held on June 27 saw stunning results, with total sales soaring to EUR 16.7 million (USD 19.6 million), significantly surpassing expectations. Leading the auction was a remarkable Van Cleef & Arpels ruby ring, which sold for EUR 2.4 million (USD 2.8 million)—nearly five times its high estimate of EUR 500,000. The ring features a 6.27-carat Burmese ruby, flanked by two half-moon diamonds.

The sale, conducted online, showcased a broad selection of fine jewellery from renowned houses including Boucheron, Chaumet, and Cartier. Notably, nine of the top ten lots fetched prices well above their estimates, reflecting strong global demand for high-end, rare gems.

Highlights from the top 10 lots include:

  • A 9.67-carat fancy-vivid-orangey-yellow diamond ring, VS1 clarity, sold for EUR 2.1 million (USD 2.5 million)—over six times its high estimate of EUR 350,000.
  • A Chaumet necklace with 191 natural pearls and diamond clasp realized EUR 1.6 million (USD 1.8 million), beating its EUR 600,000 estimate.
  • A 7.76-carat Kashmir sapphire ring brought in EUR 869,400 (USD 1 million), more than doubling its expected price.
  • A natural pearl necklace achieved EUR 504,000 (USD 590,661), soaring past its EUR 30,000 estimate—more than 16 times the presale prediction.
  • Boucheron earrings with yellow diamonds and white diamonds fetched EUR 441,000 (USD 516,828), within expected range.
  • Another pair of Boucheron earrings with Colombian emeralds and diamonds sold for EUR 365,400 (USD 428,229), exceeding their EUR 60,000 estimate.
  • A Colombian emerald ring from Boucheron also fetched EUR 365,400 (USD 428,229), far surpassing the expected high of EUR 60,000.
  • A Boucheron ruby and diamond necklace and earring set achieved EUR 327,600 (USD 383,929), exceeding its EUR 200,000 estimate.

A 13.47-carat Ceylon sapphire ring closed the top 10, selling for EUR 327,600 (USD 383,929)—well above its EUR 100,000 estimate.

The impressive results reaffirm Christie’s stronghold in the high-jewellery auction market and underscore growing global enthusiasm for investment-grade gemstones and heritage designs.

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Pandora and Amazon Collaborate to Dismantle International Counterfeit Jewellery Network

Pandora has partnered with Amazon to take action against a network involved in the sale of counterfeit jewellery, resulting in a criminal prosecution in China. 

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The collaboration followed a multi-year investigation by Pandora’s Intellectual Property and Brand Protection team, supported by Amazon’s Counterfeit Crimes Unit. Chinese law enforcement, acting on the information gathered, conducted a raid leading to the seizure of counterfeit Pandora items.

Investigation and Legal Proceedings, the inquiry was launched in 2020 after customs authorities intercepted shipments suspected of containing counterfeit goods. Pandora and Amazon linked the activity to two sellers based in China operating at scale across European markets.

The case was prosecuted in Shanghai, where in March 2025 the individuals were found guilty of selling counterfeit products. A combined sentence of five years in prison and financial penalties was issued.

Statements from Peter Ring, Pandora’s SVP General Counsel, said: “As the world’s largest jewellery brand, we hold ourselves to the highest standards of quality, craftsmanship, and attention to detail and are committed to protecting our brand from the threat of counterfeit products. This successful collaboration with Amazon shows how impactful joint efforts can be in stopping counterfeiting operations. By combining our global brand protection expertise with Amazon’s investigative capabilities, we supported local law enforcement in dismantling a sophisticated criminal network. This case marks an important step forward in our ongoing efforts to safeguard the integrity of our brand and the quality our customers expect and trust us to deliver.”

Kebharu Smith, Director of Amazon’s Counterfeit Crimes Unit, added: “By partnering closely with brands like Pandora and law enforcement agencies worldwide, we’re stopping counterfeiters and holding them accountable in courts around the globe. Counterfeiting is one of the oldest crimes in history, and we’re tackling it with our cutting-edge proactive tools and technology. Our collaboration with Pandora successfully dismantled a ring of bad actors, removing counterfeits from the broader supply chain. While we’ve made significant progress over the past five years, our mission remains clear—we won’t rest until we drive counterfeits to zero.”

Broader Brand Protection Measures In 2024, Pandora reported assisting in the removal of more than 500,000 online instances of counterfeit promotion, including webpages and social media accounts. This marked a 215% increase compared to the previous year, attributed to expanded use of AI detection tools. The company also supported the seizure of approximately 100,000 counterfeit jewellery items globally.

Industry Context The OECD estimates that counterfeit and pirated goods account for 2.3% of global trade. Within the European Union, the value of such imports is estimated to reach DKK 887 billion annually. These figures underscore the widespread nature of counterfeit trade and the ongoing need for enforcement.

Although Pandora does not distribute its jewellery via Amazon, the collaboration demonstrates a strategic approach to tackling counterfeit sales through partnerships with major online platforms and law enforcement. As online marketplaces continue to be exploited by counterfeit sellers, joint enforcement initiatives remain a relevant measure for brand protection.

 

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International News

China’s Diamond Demand Rekindles Hope for Indian Exporters

Early signs of recovery in Chinese consumer interest, driven by retail innovations, offer a cautious boost to India’s struggling diamond trade

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India’s diamond export industry is beginning to show signs of a turnaround, fueled by a renewed appetite for natural diamonds in China — a market that had seen a sharp downturn in recent years. After exports to China dropped from over $6.5 billion in 2021 to around $3.3 billion by 2024, Indian traders are now witnessing a modest but encouraging uptick in inquiries and deals.

This positive shift is being largely attributed to innovative retail strategies adopted by leading Chinese jewellery chains, particularly diamond buyback programs that promise customers guaranteed resale value. These initiatives appear to be restoring consumer trust in diamonds as both luxury items and viable investments. Retailers have reported increased foot traffic and renewed interest since the programs were launched.

Between 2021 and 2024, the slump in Indian diamond exports to China was driven by multiple factors — including a pivot toward gold jewellery, broader economic uncertainty, reduced post-pandemic retail activity, and intermittent health crises. However, 2025 is bringing a cautiously optimistic outlook.

Demand is stabilizing, particularly for smaller, natural diamonds often used in lightweight or gold-accented designs. Trade fairs in Hong Kong this year have reflected this shift, with growing interest among young, urban Chinese buyers.

India, which cuts and polishes more than 90% of the world’s diamonds, is preparing for a potential rebound. While overall exports remain below pre-pandemic levels, the pace of decline has slowed, and trade associations report a notable rise in inquiries from Chinese buyers.

Industry players anticipate a more visible impact by the second half of 2025, aligning with China’s traditional wedding and festive buying seasons. The buyback schemes, still in their infancy, are seen as a game-changer that could help the natural diamond industry regain lost ground — especially as lab-grown alternatives gain popularity.

Nevertheless, challenges persist. Other global exporters are also targeting the recovering Chinese market, increasing competition. Additionally, shifting consumer tastes toward smaller, lower-cost stones may limit the scale of recovery.

Despite the hurdles, the policy and retail shifts in China are being welcomed across the global diamond sector. Key exporting nations such as Belgium, Israel, and African producers are closely monitoring the Chinese market for signs of sustained recovery.

While the road ahead remains uncertain, there is a growing belief that the worst may be over for the natural diamond trade. As the year progresses, India is positioned to capitalize on any resurgence in Chinese demand, especially if momentum carries into the critical year-end shopping period.

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