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
Richemont and Signet Jewelers Could Join Global Diamond Consortium In Bid For De Beers
Richemont, Signet Would Connect The Consortium To Key Global Growth Vectors Spanning Luxury High Jewelry and Mass-Market Retail.
The Global Diamond Consortium (GDC)
Richemont and Signet Jewelers are reported to be in talks about joining the Global Diamond Consortium (GDC), the preferred bidder for De Beers according to a Bloomberg News report.
GDC was selected in July 2026 as one of Anglo American’s preferred bidders for De Beers as part of Anglo American’s ongoing corporate restructuring.
The potential inclusion of Richemont—owner of luxury Maisons including Cartier and Van Cleef & Arpels—and Signet Jewelers—the world’s largest retailer of diamond jewelry, operating brands such as Kay Jewelers, Zales, and Jared—would connect the consortium to key global growth vectors spanning luxury high jewelry and mass-market retail.
Strengthening the Natural Diamond Ecosystem: Participation by major luxury brands and global retail leaders reinforces commitment across the entire value chain—from responsible mining and manufacturing to consumer engagement.
Balanced Governance Structure: Discussions center on potential minority equity positions that would support long-term category growth while maintaining appropriate separation between ownership and commercial strategy.
Broad Stakeholder Participation: The consortium continues to advance talks with host governments, including discussions with the Government of Botswana regarding a potential increase in its equity share in De Beers from 15% to approximately 25%, alongside participation from private investors and southern African host nations.
Discussions between GDC, Richemont, Signet, and participating government stakeholders remain ongoing. Terms of any potential participation, including the size of equity interests, have not been finalized and remain subject to regulatory approvals and definitive documentation.
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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.