International News
Dr. Tariq Thomas, Director, DoC, Visits IJEX, commends industry engagement
The launch brings ethically sourced, traceable diamonds to retail stores, offering consumers immersive experiences and personalized stories behind each stone.
Dr. Tariq Thomas, IAS, Director, Department of Commerce, visited IJEX Dubai, a project of GJEPC, and engaged with exhibitors to understand how the platform is supporting Indian companies in international markets. He described the visit as an encouraging experience and noted that IJEX is providing exporters a structured environment to showcase capabilities and build connections with buyers across the region.
Dr. Thomas interacted with several participants, including Diz Luxe Jewellery of Rajkot, Yug by Tanvi Exports of Mumbai, Jewelounge of New Delhi, Diviyansh of Kolkata and Loyal Sting RFID, the first Allied Services exhibitor at the centre. Many companies shared that IJEX has helped them gain visibility, reach new clients and assess demand patterns more accurately. Dr. Thomas acknowledged this feedback and appreciated GJEPC’s commitment to strengthening export readiness through consistent industry engagement.
Dr. Thomas toured the local market, where he met BHIMA Jewellers. The interaction offered insights into consumer behaviour, product preferences and overall retail sentiment in the region.
The impact of IJEX has been evident in the growing number of exporters who now rely on the platform to showcase their strengths, expand their networks, and tap new business opportunities. For the industry, it has become a steady base that shortens the distance between manufacturers and buyers, supports smaller players, and strengthens India’s position as a preferred sourcing destination.
DiamondBuzz
Namibia wishes to acquire a minority stake in De Beers
Namibia has entered negotiations to acquire a minority stake in De Beers, with cabinet approval granted in principle for a three-nation African consortium bid.Target stake: 10–15% at an estimated cost: NAD 9.8–14.8 billion ($570–860 million)
Namibia is coordinating with Angola and Botswana to pool resources for the acquisition, recognizing that individual financial capacity limits their ability to secure meaningful ownership. Anglo American currently owns 85% of De Beers, a stake that has been on the market since 2024. Botswana, which already holds the remaining 15%, has expressed interest in increasing its share and potentially securing majority control. Meanwhile, Angola—initially exploring only a minority position—has unexpectedly escalated its ambitions by placing a bid for Anglo’s entire 85% stake.
Financial capacity remains the primary concern. Namibia acknowledges that collaboration is essential to transform regional diamond production into regional diamond ownership.
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