OurBuzz
IIJS a Premiere 2023 could see upto 50,000 visitors in attendance
The response to IIJS Premiere has been nothing short of phenomenal. In the first phase alone, over 30,000 visitors and 15,000 companies have registered, surpassing expectations. This tremendous response demonstrates the industry’s support for the dual venue arrangement and highlights the growing significance of IIJS Premiere.This number may go up to 50,000 visitors and 25,000 companies as we approach the date.”
While the majority of visitors are from the local market, IIJS serves as a vital sourcing platform for jewellers catering to Non-Resident Indians (NRIs) worldwide. The show attracts a significant number of NRI jewellers, ensuring its international stature.
Last year, the show generated business worth ₹50,000 crore, and with the current trend of increased visitor footfalls, a 30% to 40% growth in business is anticipated. Stable gold prices, robust economic growth in India and surrounding regions, and positive market conditions add to the optimism.
Source: GJEPC
DiamondBuzz
Global Diamond Consortium Announces Agreement To Acquire Anglo American’s Stake In De Beers In Landmark $1 Billion Transaction
Consortium Commits An Additional $500 Million Post-Acquisition Capital Injection and Enters Strategic Dialogues With The Government Of Botswana.
The Global Diamond Consortium, a strategic partnership comprising the governments of Namibia and Angola alongside leading global diamond traders, today announced an agreement to acquire Anglo American’s equity stake in De Beers.
Key Transaction Terms & Reinvestment Strategy
Under the terms of the agreement:
- Initial Consideration: The consortium will pay $750 million upfront upon closing.
- Deferred Consideration: An additional $250 million will be paid in subsequent installments, bringing the total transaction value to $1 billion.
- Post-Acquisition Capital: The consortium has committed to injecting approximately $500 million in fresh capital directly into De Beers following the acquisition to stabilize operations and fuel long-term operational initiatives.
Navigating Market Dynamics
The acquisition marks a pivotal turning point for De Beers, which has faced significant broader market downturns in recent years. After reaching a peak valuation of $17.6 billion in 2001, De Beers’ reported book value adjusted to $2.3 billion earlier this year. The consortium’s capital injection aims to position the iconic diamond producer for renewed stability and sustainable value creation across the global supply chain.
Strategic Regional Collaboration
Central to the transition is the consortium’s commitment to producer-nation equity and strategic alignment. In addition to the direct participation of the governments of Namibia and Angola, the consortium is actively negotiating with the Government of the Republic of Botswana.
Botswana, which currently holds a 15% stake in De Beers, has expressed a formal intent to increase its ownership share as part of the strategic restructuring.
-
DiamondBuzz22 minutes agoGlobal Diamond Consortium Announces Agreement To Acquire Anglo American’s Stake In De Beers In Landmark $1 Billion Transaction
-
BrandBuzz2 hours agoNature’s Smallest Wonders Inspire Palmonas New Collection ODE To Nature
-
National News1 day agoPrecious Metals Faced Mixed Signals Markets Digest Fed Stance and Geopolitical Risks
-
National News1 day agoIIJS Bharat Premiere 2026, Brings Together Innovation, Craftsmanship, Technology, and International Business Opportunities Under One Roof

