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
De Beers – The New Power Move: Why Natural Diamonds Are The Definitive Daily Essential For The Modern Indian Man
Natural Diamonds Are Emerging As the Ultimate Symbol Of Personal Style, Achievement, and Everyday Luxury For India’s Modern Male Consumer.
Masculine style in 2026 has a new focal point. The conversation around men’s jewellery has moved away from traditional ceremonial wear toward a more personal, everyday expression of identity. Whether it is a signature chain, a sculptural pendant, or a bold ring, natural diamonds have become the primary medium for this new aesthetic.
The data confirms this shift: recent industry research shows that 52% of acquired diamonds in India are now worn every day.
This cultural transformation is most visible where performance meets high-profile style. Indian cricketers are leading the charge, wearing natural diamonds both on and off the field as a mark of their personal journey and quiet confidence. From training sessions to post-match press conferences, icons like Suryakumar Yadav, Abhishek Sharma, and Hardik Pandya treat their bespoke diamond pieces as an extension of their professional “armour.”
This ease with luxury is mirrored globally; Formula 1 icons like Lewis Hamilton have long made natural diamonds central to their paddock style, while the red carpet has seen a surge in unconventional masculine styling. Recent appearances by Jay-Z, who wore a vintage diamond brooch at the collar, highlight that natural diamonds are a core part of the modern fashion vocabulary.
The primary driver of this shift is the Gen Z and Millennial male. Broadly the 18 to 38 age group, this demographic is urban, digitally fluent, and possesses a strong personal aesthetic. Gen Z alone now generates 51% of the total natural diamond market value in India, a 19% increase since 2022.
Most importantly, self-purchase is replacing gifting as the dominant entry point. Men are now research-driven and decisive, choosing to buy natural diamonds to mark professional achievements or simply to refine their daily personal brand.
While Tier 1 metros remain the primary base, aspiration is expanding rapidly into Tier 2 and Tier 3 cities. As high-income Indian households are forecast to grow by 16% through 2030, the male natural diamond consumer of tomorrow is younger, more stylistically confident, and far more willing to invest in himself.
This demand is also shaping a new design language. The lone solitaire stud is being replaced by architectural silhouettes, layered chains, chunky bracelets, and rings with clean, geometric lines. Princess and baguette cuts are increasingly preferred for their sharp, masculine appeal.
As we look toward the next decade, this momentum is only set to accelerate. What began as a styling choice on the cricket pitch has matured into a cultural standard of authenticity and permanence. For the modern Indian man, a natural diamond is more than a luxury, it is an enduring signature of his unique journey.
In an era of fleeting trends, this shift toward the rare and the timeless signals a future where masculinity is defined by a legacy that stays forever.
-
BrandBuzz2 days ago“Artificial Do. Silver Lo” – GIVA Brings Back Its Most Loved Exchange Fest Across 350+ Stores Nationwide
-
National News2 days agoMalabar Group and Institute Of Palliative Medicine Launch ‘Malabar Care Connect’ To Expand Access To Palliative Care
-
DiamondBuzz2 days agoUS Diamond Acquisition Study By De Beers Suggest That Diamonds Continue To Hold Strong Emotional and Aspirational Appeal For Today’s Consumer
-
National News2 days agoMCX Gold, Silver Rise On US-Iran Diplomatic Breakthrough

