DiamondBuzz
EFTA deal will see diamond tariffs gradually reduce to zero over the next decade
Tariffs on Indian diamonds are currently between 2.5 per cent and 5.0 per cent. The new agreement will see a phased reduction over 10 years to zero.
India has signed a trade agreement with four of its smaller European trading partners that will see diamond tariffs gradually reduce to zero over the next decade.The deal with Switzerland, Iceland, Liechtenstein and Norway, all non-EU members belonging to the European Free Trade Association (EFTA), aims to generate $100bn in investment across all sectors over the next 15 years.
In terms of diamonds, Switzerland is by far the most significant importer from India. The others currently trade negligible diamond volumes with India.
The Trade and Economic Partnership Agreement (TEPA) was agreed in March, after 16 years of negotiations, but has only just been ratified by all four member countries.
On Saturday (19 July) India’s commerce and industry minister Piyush Goyal officially announced that the agreement will come into effect from 1 October.

Piyush Goyal said: “The agreement is one of India’s most comprehensive trade pacts, expected to significantly deepen economic ties by unlocking substantial foreign direct investment and boosting trade across multiple sectors.”The pact targets $50bn in Foreign Direct Investment (FDI) over the first 10 years, followed by another $50bn in the subsequent five years, aiming to generate one million direct jobs in India.”
BrandBuzz
De Beers Group Rewrites the Diamond Story with ‘Intention Pendants’ for the Woman Who Chooses Herself
Where natural diamonds become expressions of intent for women shaping their own path
De Beers Group taps into the modern ritual of intention-setting with the launch of ‘The Intention Pendant’ collection, where natural diamonds become intimate expressions of purpose and personal power. Designed for the woman who marks her milestones quietly yet deliberately, the high-glamour collection reflects a new language of self-gifting rooted in meaning, emotion, and self-belief. The launch speaks to a wider cultural shift, one where success is defined internally and luxury becomes a deeply personal signature.
For Gen Z and millennials, practices like manifestation, vision boarding, and ‘scripting dreams’ are no longer trends; they are core lifestyle rituals. Intention-setting has become a daily act of self-empowerment. De Beers Group captures this sentiment through a personal campaign narrative that features a young woman crafting a vision board and reconnecting with her inner clarity, with the pendant serving as her constant companion through quiet moments and self-discovery.

“Women today are choosing to celebrate themselves through everyday intentions. The Intention Pendants draw from the extraordinary legacy of natural diamonds while honouring this cultural shift,” said Toranj Mehta, Vice President of Marketing, De Beers Group India. “Rooted in the extraordinary legacy of natural diamonds, this collection reflects a shift toward jewellery as a personal marker of growth. Each piece serves as a quiet reminder a woman wears for herself, honouring her inner resolve and the promises she makes to her future.”
The launch is supported by a comprehensive 360° campaign designed to inspire and engage across print, television, radio, cinema, outdoor, digital, and social media outreach. Leading Bollywood and sports icons including Tamannaah Bhatia, Athiya Shetty and Sania Mirza have created and shared their personal vision boards while wearing the pendants, amplifying authenticity and aspiration.
Each Intention Pendant features a natural diamond, formed over billions of years and shaped patiently by nature, carrying a sense of timeless continuity into the present. Refined through the forces of time, it stands as a lasting symbol of resilience and brilliance. Inspired by celestial forms and personal energy, the design brings this journey from nature’s heart to hers into a modern, wearable expression. Worn close to the heart, the pendant becomes a personal touchstone, subtly manifesting her best life while reflecting her intentions, inner strength, and the journey she continues to shape.
The Intention Pendant collection builds on De Beers’ global focus on self-gifting as an evolving expression of self-love. Across markets, natural diamonds are increasingly chosen to mark independent decisions, personal milestones, and moments of inner transformation, signalling a move beyond traditional gifting toward jewellery that reflects individuality and purpose.
Launching ahead of the year-end period of reflection, the collection aligns naturally with a season devoted to renewal, clarity, and intention. The Intention Pendant emerges not as a statement piece, but as a personal symbol, one that accompanies a woman quietly as she defines success on her own terms.
‘The Intention Pendant Collection’, serves as a reminder of one’s potential through the timeless beauty of a natural diamond and personal expression. De Beers invites you to connect with cosmic energy, flowing from nature’s core to your own.
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