International News
India takes centre stage as Partner Country at INHORGENTA 2025
India takes centre stage as Partner Country at INHORGENTA 2025
India proudly takes centre stage as the role of official partner country at INHORGENTA 2025, marking a pivotal moment in the global gem and jewellery industry. The show, INHORGENTA 2025, was inaugurated at the India Pavilion today by Shatrughna Sinha, IFS, Consul General of India, Munich; Kirit Bhansali, Chairman, GJEPC; Stefan Rummel, CEO of Messe München; and Stefanie Maendlein, Exhibition Director of INHORGENTA.
Curated by GJEPC, the India Pavilion is showcasing a stunning array of diamond jewellery, gold and platinum pieces, fine jewellery, and loose gemstones. The India Experience Lounge at INHORGENTA 2025 offers visitors a multi-sensory journey into India’s rich heritage, blending craftsmanship, culture, and innovation.
Additionally, the Brand India Gallery displays masterpieces from the Artisan Jewellery Design Awards, demonstrating India’s exceptional talent and creative excellence. From the exquisite jewellery and Manchaha Rugs, handwoven by rural artisans, to the flavors of Kashmiri Kahwa and Masala Chai, every element engages the senses. The aroma of sandalwood and the melodic strains of the Sitar create an immersive atmosphere, making the lounge a true celebration of India’s artistry and tradition.
A panel discussion, The Rising Indian Jewellery Influence in the Global Landscape, will explore India’s growing impact on the global market, featuring industry experts Alice Cicolini, a high-end jewellery designer based in the UK, and Radhika Somaia, a brand architect, curator, and jewellery contributor.
International News
De Beers Assumes 100% Control Of Gahcho Kué Diamond Mine
A Global Slump In Diamond Demand Hit The Company Hard. Its Revenue Dropped 42% In 2025, and Average Diamond Prices Plummete
De Beers is taking 100% control of the Gahcho Kué diamond mine in Canada’s Northwest Territories. Its partner, Mountain Province Diamonds, was facing major financial trouble and agreed to hand over its 49% share in exchange for being cleared of all its debts to De Beers.
​Here is why Mountain Province ran into trouble:
​Falling Diamond Prices: A global slump in diamond demand hit the company hard. Its revenue dropped 42% in 2025, and average diamond prices plummeted—falling to just $36 per carat in the second quarter.
​Massive Debt: Mountain Province was struggling to pay back tens of millions of dollars in short-term loans. Ratings agency S&P warning that the company was at high risk of defaulting on its debts.
​Cost-Cutting and Emergency Funds: To stay afloat, the company paused expansion plans at the mine, delayed payments into environmental cleanup funds, and sold future diamond sales rights to major investor Dermot Desmond (an Irish billionaire) for quick cash.
​Despite selling twice as many diamonds recently, prices were too low to cover their debts.
CEO Jonathan Comerford explained that trade tariffs and Middle East conflicts crushed diamond prices, leaving handing over their share of the mine as the best option to cancel liabilities and secure local jobs.
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