International News
IT IS ALL IN OUR HANDS – A jewellery competition with a difference
The Jewellery and Gemstone Association of Africa (JGAA) has partnered with GemGenève, a prestigious international jewellery exhibition held in Geneva, Switzerland, to showcase the work of African gemstone artisans, particularly through collaborations with organizations like Nsanshi Art, a Zambian art school focused on jewelry making; this partnership aims to promote African gemstone talent on a global stage.
JGAA partners with GemGenève & the Africa Jewellery Week™ Exhibition to launch our first ever competition “It is All in Our Hands,” at GemGenève from 8th-11th May 2025. “It is All in Our Hands,” is a competition that brings Africa’s talent to one of the leading industry exhibitions.
The competition is now live, and we welcome you to apply if: You live on the African Continent, on a permanent basis (Category 1 – Emerging Jeweller) or If you are of African descent and an expert who can demonstrate their technique at the exhibition. This competition category is open to those of African descent who live on the African Continent or the wider diaspora (Category 2 – Expert Technician).
There are six winning entries in Category 1 and two in Category 2. The winning entries will be exhibited within JGAA’s Africa Jewellery Week™ Exhibition space at GemGenève with competition prizes unveiled at the exhibition.
International News
Consortium Led By Former De Beers CEO Gareth Penny Selected As The Preferred Bidder To Acquire De Beers
Botswana is expected to play a pivotal role in the transaction. The country, together with Namibia, Angola and other shareholders, already owns a 15% stake in De Beers
A consortium headed by former De Beers CEO Gareth Penny has been selected as the preferred bidder to acquire De Beers, according to Botswana’s Minister for State President, Defence and Security, Moeti Mohwasa.
Speaking on the development, Mohwasa said Anglo American conducted a competitive sale process involving three shortlisted bidders before identifying the Global Diamond Consortium as its preferred choice.
Anglo American announced plans to divest De Beers in May 2024 as part of a broader restructuring strategy, driven by prolonged weakness in the diamond market and other business priorities.
The sale process has attracted significant interest from industry leaders and investors. Among those previously linked to the bidding were former De Beers CEO Bruce Cleaver, Australian mining executive Michael O’Keeffe, Indian billionaire Anil Agarwal, and Indian diamond companies KGK Group and Kapu Gems.
Botswana is expected to play a pivotal role in the transaction. The country, together with Namibia, Angola and other shareholders, already owns a 15% stake in De Beers and retains important rights under the shareholder agreement. Mohwasa emphasized that Botswana has the flexibility to either join the preferred bidder as a strategic partner or exercise its pre-emptive rights independently or with another investor.
Industry observers believe the eventual owner will seek to preserve De Beers’ vertically integrated business model, spanning diamond mining, trading and global natural diamond marketing, while positioning the company to benefit from a potential recovery in natural diamond demand and prices.
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