DiamondBuzz
International Diamond Premier League to be held in Hong Kong
Designed as a community-building initiative, IDPL uses cricket to connect major natural diamond hubs on a single platform.
The third edition of the International Diamond Premier League (IDPL), a cricket tournament created for the global natural diamond community, will be held in Hong Kong from 19 to 22 March 2026.
Following its earlier editions in Belgium and India, IDPL 3.0 will bring together leading diamantaires and industry partners from Belgium, India, and Hong Kong for four days of competitive cricket and networking.
The Grand Opening Ceremony is scheduled for 22 March 2026 at 11:00 AM at the Tin Kwong Road Recreation Ground, and will be attended by industry leaders, dignitaries and invited guests.
Designed as a community-building initiative, IDPL uses cricket to connect major natural diamond hubs on a single platform. By bringing together teams from India, Belgium and Hong Kong, the league highlights the shared interests of manufacturing, trading and retail centers that drive the natural diamond pipeline.
The Hong Kong edition aims to strengthen collaboration among diamantaires, manufacturers, retailers and service providers across continents, while also promoting confidence in natural diamonds by emphasizing their rarity, craftsmanship and enduring emotional value. The event also underscores Hong Kong’s position as a strategic bridge between East and West for the diamond and jewellery trade.
Through its matches and associated activities, IDPL 3.0 places the spotlight on natural diamonds and the people behind the industry—from cutting and polishing specialists to high jewellery houses and secure logistics providers—demonstrating a collective commitment to integrity, excellence and long-term growth for the natural diamond sector.
SimStar Asia Limited, part of the Sim Gems Group and a Hong Kong-based manufacturer and supplier of high-end natural diamonds, is the Title Sponsor, while Lamha Gems Limited joins as Diamond Sponsor supporting the league’s mission to bring international diamantaires together.
Among the other partners, Ferrari Group, a global specialist in secure logistics for jewellery, luxury goods and precious metals, is the Platinum Sponsor, while Malca-Amit Group of Companies, known for secured delivery, vaulting and trade-show logistics for the diamond and jewellery trade, is the Gold Sponsor. Hong Kong-based high jewellery house Dehres will support the initiative as the Silver Sponsor, reinforcing its commitment to the natural diamond trade.
Team sponsorship also reflects the industry’s global participation. Anita Diamonds, represented by Chirag Shah, is sponsoring the Belgium team, showcasing the dynamism of Antwerp’s diamond community. Meanwhile, H S Jogani, led by Ronak Jogani, is sponsoring the India team, highlighting India’s longstanding leadership in diamond cutting, polishing and trading.
DiamondBuzz
Natural Diamonds, LGDs set for dual growth surge: Signet CEO
High gold prices spurred alternative metals exploration, timepieces boomed among youth, and holiday sales thrived on affordable gifts
Signet Jewelers, the world’s largest diamond jewellery retailer, sees bright horizons for both natural and lab-grown diamonds as markets stabilize, CEO J.K. Symancyk declared at Citi’s 2026 Global Consumer & Retail Conference.
“Stable is the best word,” J.K. Symancyk noted. “Both are in our mix—often in the same customer’s jewellery box—and we want them both to grow.” Natural diamonds show strength in high-end segments, with opportunities in average unit retail and premium assortments driven by consumer demand. Lab-grown prices have bottomed out, stabilizing costs and margins, while under-penetrated lab fashion jewellery acts as a “category extender,” not a natural replacement.
Signet Jewelers does not anticipate significant cash inflows from potential government tariff refunds, as it serves as importer of record for only a small portion of its purchases. Refunds are a little less of a focus in the near term.Elevated tariffs, especially the 50% rate on India, prompted sourcing changes. The company responded by renegotiating supplier agreements to clarify risk-sharing and adaptability amid evolving trade conditions.
Symancyk highlighted brand positives: Zales, Kay, Jared, Peoples, Blue Nile, and UK operations posted comps gains, though James Allen lagged. High gold prices spurred alternative metals exploration, timepieces boomed among youth, and holiday sales thrived on affordable gifts.
Signet paused brand differentiation amid tariffs and macro headwinds but plans sharper identities ahead. Preliminary Q4 results: sales $2.34-2.35B, comps down 0.7-0.9%, with $500M+ free cash flow.
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