DiamondBuzz
GJEPC participates in key meeting with Commerce Minister and De Beers CEO, Al Cook
GJEPC participated in a high-level meeting chaired by Hon’ble Union Minister of Commerce & Industry, Shri Piyush Goyal, alongside Mr. Al Cook, CEO of De Beers Group in London on 28 April. The GJEPC was represented by Chairman Mr. Kirit Bhansali and Executive Director Mr. Sabyasachi Ray.
The meeting covered a wide spectrum of critical issues affecting the diamond and jewellery industry, including the impact of recent US tariffs, implementation of node and traceability measures aligned with upcoming G7 sanctions on Russian diamonds, and De Beers’ plans to conduct auctions at Special Notified Zones (SNZs) in Surat and Mumbai. The company’s prospective investment plans in india, particularly in the retail segment, were also discussed.
Shri Goyal expressed appreciation for De Beers intent to invest in India’s retail sector and conveyed confidence in a positive outcome in ongoing negotiations with the US regarding reciprocal tariffs. He also urged De Beers to support India as a potential node in the event that G7 sanctions on Russian diamonds are implemented from January 2026. Furthermore, the Minister proposed that De Beers install detection machines in all Indian retail jewellery stores to help consumers clearly distinguish between lab-grown diamonds (LGDs) and natural diamonds at the point of purchase.
DiamondBuzz
Tiffany ring with a 10.02-ct emerald cut diamond is leading a Christie’s online auction, expected to sell for $500,000
As the spring season breathes new life into the world of fine art, Christie’s is proud to announce its first jewelry event of the year: the Jewels Online sale. Running from March 9 through March 19, this exquisite 156-lot curation invites collectors to journey through a gallery of peerless stones, legendary signatures, and storied provenance. A Tiffany ring with a 10.02-ct emerald cut diamond is leading a Christie’s online auction and is expected to sell for $500,000 to $700,000.The Type IIa stone is D color, IF clarity, set in platinum and signed Tiffany & Co.
The auction further dazzles with a pair of earrings that define celestial symmetry. Featuring two Type IIa round brilliant-cut diamonds weighing 5.13 and 5.04 carats respectively, these D-color gems radiate a fiery brilliance. Estimated at $300,000 – $500,000, they represent a rare opportunity to acquire stones of such matched magnitude and VVS2 clarity.
In a poignant tribute to glamour, Christie’s is honored to present selections from The Collection of Elizabeth Taylor. These intimate treasures offer a glimpse into the lavish world of the silver screen’s ultimate jewelry connoisseur:
- The Golden Evening Bag: A sumptuous diamond and gold vessel of elegance (Estimate: $10,000 – $15,000).
- The Ruby Suite: A vibrant, matching set of ruby and diamond beaded necklace and earrings (Estimate: $15,000 – $20,000).
Beyond these headliners, the sale celebrates the “Great Houses” of jewelry design. Connoisseurs will find meticulously crafted pieces from:Cartier, Van Cleef & Arpels. David Webb & Seaman Schepps
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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.