National News
SAIF Partners pares around 6% stake in Senco Gold for Rs 433 cr
Hong Kong-based SAIF Partners on Thursday pared a 5.8 per cent stake in jewellery retailer Senco Gold for Rs 432.72 crore through an open market transaction
Hong Kong-based SAIF Partners on Thursday pared a 5.8 per cent stake in jewellery retailer Senco Gold for Rs 432.72 crore through an open market transaction. SAIF Partners, through its arm SAIF Partners India IV Ltd, sold shares of Kolkata-based Senco Gold on the BSE.
According to the bulk deal data available on the BSE, SAIF Partners India IV offloaded 45,07,487 shares, amounting to a 5.8 per cent stake in Senco Gold.
The shares were disposed of at an average price of Rs 960.02 apiece, taking the deal value to Rs 432.72 crore.After the share sale, SAIF Partners’ shareholding in Senco Gold declined to 4.97 per cent from 10.77 per cent.
Details of the other buyers of Senco Gold’s shares could not be ascertained.Shares of Senco Gold gained 1.30 per cent to close at Rs 964.35 per piece on the BSE.
National News
Indian Natural Diamond Industry’s Revenues Projected To Stabilize: CRISIL Ratings
Natural Diamonds Retain Their Appeal In Premium Segments, Where Branding, Rarity and Emotional Value Remain Key Purchase Drivers
A report by CRISIL Ratings shows that India’s natural diamond industry is expected to hold steady at $15 billion in revenue this year rather than making a major recovery.
​Strong domestic sales: Indian shoppers are buying more diamond jewellery locally, helping offset falling exports to key markets like the US and China. Domestic sales now make up nearly 25% of overall industry revenue (up from less than 15% in 2024).
​Impact of Lab-Grown Diamonds (LGDs): Lab-grown diamonds have become very popular for smaller, budget-friendly pieces (especially in the US), taking market share away from smaller natural diamonds.
​Natural diamonds stay premium: Large, rare natural diamonds (over 4 carats) continue to rise in price and retain their status as luxury items.
China remains another area of concern. Weak consumer sentiment and a sustained preference for gold continue to limit discretionary spending on diamond jewellery.
Even so, natural diamonds retain their appeal in premium segments, where branding, rarity and emotional value remain key purchase drivers.
​The bottom line: Polishing companies are exercising strict inventory control to keep their finances stable while waiting for global demand to recover.
Indian Natural Diamond Industry’s Revenues Projected To Stabilize: CRISIL Ratings
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