Connect with us

OurBuzz

IIJS Premiere 2022 Inauguration Ceremony, Press Conference

Published

on

https://static.wixstatic.com/media/8c277b_9b7e08c75c814cb3bd791d29fdc33154~mv2.jpeg/v1/fill/w_404,h_227,al_c,q_80,usm_0.66_1.00_0.01,enc_auto/8c277b_9b7e08c75c814cb3bd791d29fdc33154~mv2.jpeg

The inauguration ceremony press conference began with honoured guest, Smt. Hema Malini – Member of Parliament, Lok Sabha lighting the lamp. Along with her were Colin Shah, Chairman – GJEPC and Vipul Shah, Vice Chairman – GJEPC. Shailesh Sangani, Convener – GJEPC, and Mansukh Kothari, Co-Convener – GJEPC. 

Many prominent dignitaries from the industry were present at the event.

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

DiamondBuzz

First Sale Of Traceable Congolese Artisanal Diamonds Exceeds Market Expectations: AWDC

OrigemA Initiative Delivers Above-Market Returns, With Proceeds Set To Support Community Development and Artisanal Mining Livelihoods In The DRC.

Published

on

The first international sale of fully traceable artisanal diamonds from the Democratic Republic of Congo (DRC) has delivered prices slightly above market estimates, according to a statement from the Antwerp World Diamond Centre (AWDC).

The 103.77-carat parcel, sold through a tender at Antwerp-based Bonas-Couzyn under the Belgian-Congolese OrigemA project, achieved an average price of US$65.5 per carat. Proceeds from the sale will go entirely to the COMIDIANZ cooperative, which mined the diamonds, and will be reinvested in the local community of more than 20,000 people.

OrigemA, an initiative of the AWDC, gives artisanal mining cooperatives in the DRC direct access to international markets, helping them secure competitive prices and reducing reliance on a limited number of local buyers.

Karen Rentmeesters, CEO of AWDC said :

“The prices achieved in this sale once again confirm Antwerp’s unique position as a global trading hub for rough diamonds. The presence of a large pool of international buyers creates maximum competition, resulting in the best possible market price for the goods.”

Rentmeesters said the results highlighted the benefits of providing artisanal producers with direct market access. “These results demonstrate that direct access to the international market can make a meaningful difference for artisanal producers. We hope this success will accelerate the further rollout of the OrigemA project, so that diamonds from other participating cooperatives can also be brought to market via Antwerp in the near future.”

The sale results were announced in the presence of Sylvain Mwepu Kidenga, representing the Congolese Centre d’Expertise d’Evaluation et de Certification (CEEC). Funds generated from the sale will support the development of the mine and finance projects related to agriculture, healthcare and education in the region.

Continue Reading

Trending

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.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x