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
Botswana Says Stable Relationship With De Beers Vital to Diamond Recovery
Botswana Also Wanted to Move Further up the Diamond Value Chain, While Reducing its Economic Dependence on Diamonds Through Manufacturing, Energy, Agriculture, Tourism and Financial Services
Botswana Vice President and Finance Minister Ndaba Gaolathe said a stable relationship with De Beers was crucial to the recovery of the natural diamond market, warning that uncertainty over the partnership had created an opening for lab-grown diamonds.
Speaking at Chatham House on Sept. 17, Gaolathe said Botswana and De Beers had historically worked together during market downturns through rough-diamond stockpiling and marketing.
His comments come as Anglo American seeks to sell its 85% stake in De Beers. Botswana has signalled an interest in increasing its role in the diamond company.Gaolathe said, however, that Botswana’s ambitions went beyond simply increasing its ownership. After decades in the diamond industry, the country had developed expertise across the value chain,
Botswana currently owns 15% of De Beers, while Anglo American is seeking to sell its 85% stake. Botswana has indicated it wants a larger role but would not risk its finances simply to increase ownership, Gaolathe said.
He said Botswana also wanted to move further up the diamond value chain, while reducing its economic dependence on diamonds through manufacturing, energy, agriculture, tourism and financial services.
Botswana Says Stable Relationship With De Beers Vital to Diamond Recovery
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