DiamondBuzz
GJEPC addresses key India challenges at IDMA’s 23rd Presidents’ Meeting in New York
Anoop Mehta, Co Convener, Diamond Panel Committee and in the capacity of being the representative of GJEPC at IDMA delivered a compelling address at the International Diamond Manufacturers Association’s (IDMA) 23rd Presidents’ Meeting in New York. Also present at the event was Sabyasachi Ray, Executive Director, GJEPC, reaffirming the Council’s commitment to addressing industry concerns and strengthening global partnerships.
A key concern is the impact of the G7 sanctions on Russian diamonds. Mehta acknowledged India’s commitment to ethical sourcing but warned that the sudden reduction in Russian rough supply-down by 37%-poses significant challenges. The sanctions could destabilise not only India’s diamond industry but also the global pipeline, with small workshops particularly vulnerable to rising traceability costs.
Mehta’s speech underscored the challenges and opportunities facing India’s diamond industry. highlighting the sector’s resilience amid global disruptions. He revealed that India’s rough diamond ports declined by 18% in volume and 34% in value e the past two years, while polished exports fell.
DiamondBuzz
Sotheby’s to Auction 31.68-Carat ‘Desert Rose’ Diamond in Abu Dhabi with Estimate Up to $7 Million
The Fancy Vivid Orangy-Pink diamond, the largest of its kind ever certified by GIA, will headline Sotheby’s inaugural Collectors’ Week on December 5.
Sotheby’s has unveiled the 31.68-carat ‘Desert Rose’ diamond as the star lot of its upcoming Abu Dhabi jewellery auction, assigning the rare gemstone a presale estimate of $5 million to $7 million. The sale will take place on December 5, 2025, during the auction house’s inaugural Collectors’ Week, a new event bringing together luxury categories including jewellery, watches, automobiles and design.
Graded by the Gemological Institute of America (GIA) as a Fancy Vivid Orangy Pink with VVS1 clarity, the pear-shaped Desert Rose holds the distinction of being the largest diamond of its classification ever recorded by GIA. Its combination of size, intense colour saturation and exceptional clarity has positioned it among the most important pink diamonds to appear at auction in recent years.
Sotheby’s noted that the valuation reflects continued global appetite for top-quality coloured diamonds, a segment that has shown resilience despite broader softening in the white diamond market. Large natural pink diamonds, especially vivid stones above 30 carats, remain exceptionally scarce and highly sought after by collectors.
Industry observers point out that the sale highlights the UAE’s rising profile as a hub for high-value gemstones and luxury collecting. International auction houses have increasingly expanded into Abu Dhabi and Dubai over the past five years, driven by demand from private collectors, family offices and regional wealth centres.
The performance of the Desert Rose diamond is expected to set a benchmark for the coloured-diamond market heading into 2026, offering insight into buyer sentiment for ultra-rare natural stones.
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