DiamondBuzz
Zimbabwe Vice President Visits Surat’s Hari Krishna Exports to Strengthen Diamond Sector Ties
Dr. Constantino Chiwenga highlights Zimbabwe’s push for value addition and welcomes Indian expertise in diamond cutting and polishing.
Zimbabwe’s Vice President, General (Rtd.) Dr. Constantino Guveya Dominic Nyikadzino Chiwenga, recently visited the renowned diamond facilities of Hari Krishna Exports in Surat, signaling Zimbabwe’s growing interest in building stronger partnerships with India’s diamond manufacturing industry.
The visit marks a significant step in Zimbabwe’s broader goal to transition from simply exporting rough diamonds to developing domestic capacity in cutting, polishing, and value addition. Speaking during the tour, Vice President Chiwenga praised Surat’s precision-driven craftsmanship and the ethical standards that have helped establish India as a global leader in the diamond trade.
Highlighting opportunities for collaboration, he emphasized Zimbabwe’s openness to Indian expertise, particularly in skill development and training. “Such partnerships can generate sustainable livelihoods for Zimbabwean youth,” he noted.
In response, Hari Krishna Exports’ founder, Savji Dholakia, announced plans to train 50 young Zimbabweans each year in diamond cutting and polishing techniques. This initiative reflects a growing trend of India–Africa cooperation in the gemstone sector, with both resource-rich African nations and Indian manufacturing hubs poised to benefit from closer economic and educational ties.
DiamondBuzz
Richemont and Signet Jewelers Could Join Global Diamond Consortium In Bid For De Beers
Richemont, Signet Would Connect The Consortium To Key Global Growth Vectors Spanning Luxury High Jewelry and Mass-Market Retail.
The Global Diamond Consortium (GDC)
Richemont and Signet Jewelers are reported to be in talks about joining the Global Diamond Consortium (GDC), the preferred bidder for De Beers according to a Bloomberg News report.
GDC was selected in July 2026 as one of Anglo American’s preferred bidders for De Beers as part of Anglo American’s ongoing corporate restructuring.
The potential inclusion of Richemont—owner of luxury Maisons including Cartier and Van Cleef & Arpels—and Signet Jewelers—the world’s largest retailer of diamond jewelry, operating brands such as Kay Jewelers, Zales, and Jared—would connect the consortium to key global growth vectors spanning luxury high jewelry and mass-market retail.
Strengthening the Natural Diamond Ecosystem: Participation by major luxury brands and global retail leaders reinforces commitment across the entire value chain—from responsible mining and manufacturing to consumer engagement.
Balanced Governance Structure: Discussions center on potential minority equity positions that would support long-term category growth while maintaining appropriate separation between ownership and commercial strategy.
Broad Stakeholder Participation: The consortium continues to advance talks with host governments, including discussions with the Government of Botswana regarding a potential increase in its equity share in De Beers from 15% to approximately 25%, alongside participation from private investors and southern African host nations.
Discussions between GDC, Richemont, Signet, and participating government stakeholders remain ongoing. Terms of any potential participation, including the size of equity interests, have not been finalized and remain subject to regulatory approvals and definitive documentation.
Belgian Consul General H. E. Mr. Pierre Stverlynck Graces BDB Annual Day
Limelight Lab Grown Diamonds Crosses 100 Stores Milestone This Dussehra: Targets 200 In 2027
Joyalukkas Opens Its 2nd Bengaluru Showroom in Jayanagar
US Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
Belgian Consul General H. E. Mr. Pierre Stverlynck Graces BDB Annual Day
Limelight Lab Grown Diamonds Crosses 100 Stores Milestone This Dussehra: Targets 200 In 2027
-
International News21 hours agoUS Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
-
National News15 hours agoBelgian Consul General H. E. Mr. Pierre Stverlynck Graces BDB Annual Day
-
National News16 hours agoLimelight Lab Grown Diamonds Crosses 100 Stores Milestone This Dussehra: Targets 200 In 2027
-
New Premises17 hours agoJoyalukkas Opens Its 2nd Bengaluru Showroom in Jayanagar
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.