DiamondBuzz
Sonani Jewels unveils largest LGD showroom in the world
Sonani Jewels has opened what it claims is the largest lab grown diamond showroom in the world. Sonani says its new two-floor showroom, which opened at the JCS Arcade in Surat last Monday is 18,000sq ft.
Sonani Jewels is the retail brand, founded in 2021, of Surat-based Tenth Diamond Planet, which specializes in HPHT lab growns. It was launched as a B2B concern, but is now moving to D2C.
That’s the size of four standard basketball courts, although the company provides no verification that its showroom is the largest, nor does it say who previously held the record.Sonani says it has an inventory of more than 4,000 jewelry designs in daily wear, as well as bridal categories.
Agastya Sonani, director of Sonani, said: “The future of lab-grown diamonds is bright. Their importance in the fashion, luxury, and royal segments is on the rise due to their unique designs and competitive pricing.”
DiamondBuzz
Lucara Secures $50 Million Equity Boost for Karowe Underground Expansion
Lundin Family Trusts back CAD 70 million private placement to fund 2026 development plans
Lucara Diamond Corp. has raised CAD 70 million (approximately $50.5 million) through a private placement of equity to support the advancement of its Karowe Underground Project (UGP) and strengthen its working capital position.
The company issued around 437.5 million shares at a price of CAD 0.16 per share, with the Lundin Family Trusts subscribing to the entire offering. The Lundin family controls Nemesia, Lucara’s largest shareholder, reinforcing its long-term commitment to the miner’s flagship Botswana operation.
Proceeds from the financing will be primarily used to progress the Karowe UGP, a key growth initiative aimed at extending the life and value of the mine, alongside general corporate and working capital requirements.
Commenting on the transaction, Lucara President and CEO William Lamb said the support from the Lundin Family Trusts highlights the strategic importance of the underground expansion. He added that the funding will position the company to accelerate critical project milestones planned for 2026.
The private placement is subject to customary regulatory approvals, including acceptance by the Toronto Stock Exchange, and does not require shareholder approval. Lucara expects the transaction to close by the end of the month.
Gold & Precious Metals – A future outlook
All That Glitters: The Jewellery Moments Everyone Talked About at the 2026 Golden Globes
GJEPC launches ‘ JewelStart’ -India’s first dedicated innovation & incubation centre for the GJ industry
-
GlamBuzz2 weeks agoGIVA Launches ‘Glow in Motion’, Unveils New Jewellery Collection Fronted by Barkha Singh
-
International News2 weeks agoSilver retraces down on margin hike pressure AUGMONT BULLION REPORT
-
JB Insights2 weeks agoThe JewelBuzz E-zine: Your Fortnightly Pulse of the Jewellery Industry
-
JB Insights2 weeks agoIIJS Bharat Signature 2026 set to open the year with scale, innovation and global momentum
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.