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Vandana Jagwani Advocates Sustainable Luxury & Responsible AI at Davos 2026

The Creative Director of Mahesh Notandass and Founder of Vandals joined global leaders at the World Economic Forum to discuss the intersection of brand trust, capital alignment, and cross-border scaling.

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In an era where artificial intelligence and sustainability are no longer optional but foundational, Vandana Jagwani, Founder & Partner of Vandals and Creative Director at Mahesh Notandass, took the stage at the World Economic Forum to outline the future of the “Next Economy.”

Speaking at the We-Lead Lounge (P73) on January 20, she served as a key panelist for the high-level session: “Who Powers the Next Economy? Entrepreneurship, Capital, and Global Impact in an AI-Driven, Sustainable World.”

Scaling with Soul: Luxury in the AI Age

As a leader in the luxury and fine jewellery sectors, Vandana Jagwani provided a unique perspective on how heritage brands can navigate the rapid shift toward automation while maintaining the “human touch” essential to high-end retail. She emphasized that for founder-led enterprises, scaling across borders requires more than just capital—it requires a commitment to trust and narrative.

“Innovation and AI are the engines, but trust is the currency of the next economy,” Vandana Jagwani noted during the discussion. “For luxury brands to scale responsibly, we must align our technological advancements with long-term value creation and a genuine commitment to sustainability.”

A Global Exchange of Ideas

The session, moderated by Tripti Shinghal Somani (Founder & CEO of Womennovator), brought together a diverse group of policymakers and industrial leaders to explore how startups can remain resilient in an AI-centric landscape.

Vandana Jagwani was joined on the panel by:

  • Deepak Kumar: Infrastructure & Industrial Development Commissioner, Government of Uttar Pradesh.
  • Kalpana Murmu Soren: Member, Jharkhand Legislative Assembly.
  • Marta Zięba-Szklarska: Founder & CEO, COUNT’em Group.
  • Asif Iqbal: President, Indian Economic Trade Organisation.

The dialogue focused on the critical alignment of capital and sustainability, specifically how emerging markets like India can leverage AI to drive global impact without sacrificing social or environmental ethics.

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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

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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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