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
Angola Diamond Production Misses Target
Output Was 45% Lower Than Planned Due To High Operating Costs and Cash Flow Problems.
Angola mined 7.6 million carats of diamonds in the first half of 2026. This is a 10% increase from the 6.9 million carats mined during the same period in 2025, even though global demand for diamonds remains weak.
Despite this growth, total output fell 6% short of the country’s official target.
Why Production Missed the Target
Riverbed (Alluvial) Mines: Output was 45% lower than planned due to high operating costs and cash flow problems.
Hard-Rock (Kimberlite) Mines: Output slightly beat targets by 0.21%. Strong results at the older Catoca mine made up for setup delays at the new Luele mine.
Industry Challenges
Global diamond prices have dropped about 33% since 2022, while prices in Angola have plummeted by 52%. Miguel Vemba, a director at state diamond company ENDIAMA, warned that the market outlook remains difficult due to falling prices and rising pressure on mining companies.
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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.