DiamondBuzz
GJEPC’s LGD BSM:Showcasing diverse product range, creating long-term business relationships
GJEPC hosted Lab-Grown Diamond (LGD) Buyer-Seller Meet (BSM) on 10th – 11th April 2025 at Surat Diamond Bourse (SDB), marking a significant milestone for India’s emerging LGD sector. The event aimed to connect Indian LGD manufacturers with international and domestic buyers in a focused, business-oriented environment. The show opened on a warm note with the gracious presence of Hon’ble Chief Guest Shri Pareshbhai Patel.
Key Highlights:
- The BSM saw participation from leading LGD manufacturers, traders, and exporters, along with buyers from across the globe, including the USA, UAE, Hong Kong, and Europe.
- Held within the state-of-the-art premises of the SDB, the event showcased India’s growing capabilities in cutting-edge LGD technology, quality production, and competitive pricing.
- The meet was designed to provide pre-scheduled one-on-one meetings, facilitating efficient, transparent, and result-driven business engagements.
Foreign buyers were delighted to be at the LGD BSM, and hoping to create long term business relationships. LGD BSM was a platform to connect with Indian jewellery manufacturers who offer end-to-end services.
Surat- the diamond city of India , has lived up to its name for Johanna Brierley, Jewelery Design, Canada , as she got an opportunity to explore the diverse product range offered by the lab-grown diamond jewellery manufacturers. She is hopeful the meeting will pave the way for long-term business relationships. The USA has a great demand for lab-grown diamond jewellery, and Coomi aims to enter the industry soon. Michelle Kho, Coomi, is awestruck by the diverse product range and end-to-end manufacturing solutions that Indian Jewellery manufacturers offer. Assyly Adilkhan, Pure Gold , wants to cater to young consumers who blend style with elegance in their daily wear. Fashion is non-negotiable for them and an essential part of defining who they are. LGD BSM 2025 helped her to connect with Indian jewellery manufacturers who offer end-to-end services from metal sourcing to manufacturing to cut and polishing, which makes it convenient for her to meet the fast-fashion requirements of her consumers. Overall, she had an enriching experience at the meet.
DiamondBuzz
Diamond Slump forces Debswana to diversify into copper, platinum and solar
Diamond-centric mining models is giving way to broader resource portfolios
Debswana Diamond Company, the 50–50 joint venture between the Botswana government and De Beers, is moving to diversify into copper, platinum and renewable energy as the prolonged downturn in natural diamond demand pressures earnings and forces the industry to rethink its growth strategy.
The company’s board has approved plans to invest in a portfolio of non-diamond projects after revenue fell 46% in 2024, the latest available financial year, highlighting the scale of the downturn in the global diamond market.
The move signals a strategic shift toward commodities with stronger long-term demand fundamentals, particularly copper, which is central to global electrification and energy-transition infrastructure.
Debswana’s diversification reflects a broader industry pivot as diamond producers confront weak consumer demand, rising competition from lab-grown stones and elevated inventories across the supply chain.
The shift is also visible among smaller exploration companies. Botswana Diamonds recently rebranded as Botswana Minerals, signalling its own strategic focus on copper exploration rather than diamonds.
Together, these moves underscore a growing consensus across the sector: the era of diamond-centric mining models is giving way to broader resource portfolios anchored in energy-transition metals.
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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.