DiamondBuzz
GJEPC champions diamond sustainability at St. Petersburg International Economic Forum in Russia
GJEPC made a strong statement on diamond sustainability and global collaboration at the 28th St. Petersburg International Economic Forum (SPIEF) held in Russia on 19 June. Representing India at the forum were Kirit Bhansali, Chairman, GJEPC; and Ajesh Mehta, Convener, Diamond Panel, GJEPC.
The GJEPC delegation also met with Pavel Marinychev, CEO of ALROSA, to explore avenues for deeper cooperation between the Indian and Russian diamond sectors.
Kirit Bhansali was a featured speaker at the roundtable titled ‘The Evolution of Conscious Consumption: Emerging Trends in the Global Diamond Market’, where industry leaders discussed carbon neutrality, ethical sourcing, and future market trends.
In his address, Kirit Bhansali congratulated ALROSA for achieving a carbon neutrality certification from TUV AUSTRIA for its rough diamonds. “This is a big achievement. It demonstrates the company’s strong commitment to sustainability and environmental stewardship,” he said.Highlighting India’s growing role not just as a supplier but as a consumer of diamonds, he noted, “India’s diamond and jewellery consumption stands at $85 billion, with $8.5 billion from diamonds alone. By 2030, this figure is set to double to over $17 billion, making India a major diamond jewellery consuming market.”
Kirit Bhansali noted that global consumption patterns are shifting rapidly, driven by millennial and Gen Z consumers who expect transparency and accountability from the brands they support. “Positioning natural diamonds as carbon-conscious luxury—highlighting their environmental value and ability to capture carbon—will help distinguish them from lab-grown alternatives and support category growth,” he said.
Kirit Bhansali pointed to the broader contributions of the natural diamond industry, stating, “India’s diamond sector supports over a million jobs, strengthens families, builds communities, and significantly contributes to our export economy. These social and economic benefits must be recognised as part of the industry’s sustainability story.”
On the marketing front, he reinforced GJEPC’s long-standing support for promoting natural diamonds. “Industry marketing funds should inform consumers about how diamonds are doing good—not just economically, but environmentally too,” he said.
Kirit Bhansali concluded with a thought-provoking message: “The value of a diamond has always been defined by the 4 Cs—Cut, Clarity, Colour, and Carat. But today, a fifth ‘C’ is rising: ‘Carbon Neutral’. Sustainability is fast becoming a new standard of value. Maybe it’s time the world accepts ‘Carbon Neutral’ as the new C in diamonds.”
DiamondBuzz
Belgian Prime Minister Bart De Wever opens expanded HRD Antwerp laboratory in Mumbai
HRD Antwerp is increasing its research capacity in Mumbai by 30%. The official opening, which takes place as part of a two-day visit by Prime Minister Bart De Wever to India, marks an important next step in the growth of HRD Antwerp in India
In the presence of Belgian Prime Minister Bart De Wever, HRD Antwerp, Europe’s leading authority in diamond and jewellery grading and a subsidiary of the Antwerp World Diamond Centre (AWDC), officially opened its renovated and significantly expanded laboratory in the Bandra Kurla Complex (BKC) in Mumbai, India. Thanks to the expansion, HRD Antwerp is increasing its research capacity in Mumbai by 30%. The official opening, which takes place as part of a two-day visit by Prime Minister Bart De Wever to India, marks an important next step in the growth of HRD Antwerp in India, one of the world’s leading centres for the trade and cutting of natural diamonds.
For HRD Antwerp, a grading report is not an administrative document but a guarantee of trust, transparency and authenticity. As an independent, neutral party between science, industry and consumer, HRD Antwerp is a worldwide guarantor of objective and reliable diamond and jewellery grading, a principle the organisation has upheld since its founding. HRD Antwerp was established in 1973 and has been active in India since 2012. Today it serves around 1,500 clients there, including jewellery manufacturers and retailers, as well as companies that produce and trade cut diamonds.
The Indian branch now accounts for 59% of HRD Antwerp’s total group revenue and is expected to grow by 15.4% this year, compared with a projected growth of 12.6% for the group as a whole. Jewellery grading is an important growth driver in this respect: as much as 47% of HRD Antwerp’s total revenue increase comes from that segment.
“As the authority in grading reports for natural diamonds and diamond jewellery, and in research into natural diamonds, we are already firmly established in India today”, says Paul De Wachter, CEO of HRD Antwerp. “India remains the world’s most important centre for diamond cutting. For a diamond laboratory such as HRD Antwerp, which provides cut natural diamonds with an independent and objective grading report, it is therefore essential to keep investing in this market.”
Thanks to the expansion, HRD Antwerp in Mumbai can now examine and grade up to 2,000 diamonds per day, a capacity increase of 30%. To support this additional capacity, HRD Antwerp is recruiting 40 additional employees to work full time. The investment underlines HRD Antwerp’s confidence in the Indian market and strengthens the longstanding cooperation between Belgium and India within the international diamond and jewellery sector.
During the opening, Prime Minister Bart De Wever was given a tour of the renovated office. He was shown the diamond grading process and was able to examine a diamond up close himself using a microscope. The demonstration was provided by HRD Antwerp’s Indian experts.
Alongside the Prime Minister, also present were Paul De Wachter, CEO of HRD Antwerp, Ramakant Mitkar, Managing Director of HRD Antwerp India, Chirag Shah, Vice Chairman of AWDC, Didier Vanderhasselt, Belgian Ambassador to India, and Frank Geerkens, Consul General of Belgium in Mumbai.
Paul De Wachter, CEO of HRD Antwerp: “The visit of our Prime Minister underlines the importance of cooperation between Belgium and India within the global diamond sector. India and Antwerp together form two indispensable links in the international diamond chain. With this expansion, we are investing not only in additional capacity, but above all in the future of our cooperation with the Indian diamond and jewellery sector.”
Bart De Wever, Prime Minister of Belgium wrote the following message in HRD Antwerp’s guestbook during his visit: ” Sicut adamas fulget, ita fiducia inter gentes monet. As a diamond shines, so trust endures between nations “
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