In a strategic move that could reshape the global diamond supply chain, Russian state-owned miner Alrosa is preparing to establish a state-of-the-art diamond polishing facility in India, with Surat and Jaipur emerging as the top contenders for the project. The company is expected to invest around $50 million in the first phase.
According to company leadership, India is a natural choice for Alrosa’s first major overseas expansion. With the country handling nearly 90% of the world’s diamond cutting and polishing, Alrosa sees India as a critical partner for developing a fully integrated diamond ecosystem- from rough supply to finished luxury jewellery.
The move follows renewed engagement between Russia and India after recent high-level diplomatic discussions. Alrosa aims to go beyond just polishing: the company has plans to collaborate with Indian jewellery manufacturers to launch co-branded luxury collections, create traceable bridal and high-end jewellery lines, and introduce blockchain-based authentication platforms for diamonds.

As 2025 draws its curtain, the global gem and jewellery industry has spent the last fortnight quietly recalibrating. Technology continues to take centre stage, with meaningful advancements in transparent diamond trading systems, next-generation testing and grading equipment, and rapid improvements in lab-grown diamond production through advanced CVD reactor technologies. These innovations are steadily reshaping trust, traceability, and efficiency across the value chain.
Gold prices, meanwhile, continue their upward march, though at a measured pace. New developments in gold mining have added a layer of stability, reinforcing confidence in gold’s long-term value rather than speculative spikes.
With year-end buying slowing across global markets, the industry now pauses. Manufacturers and brands are turning inward, refining designs and curating collections, setting the stage for a vibrant and design-led January ahead.

The Belgian diamond federation Antwerp World Diamond Centre (AWDC) has launched an innovative digital customer screening tool, based on Regulatory Technology (RegTech) and tailored to the specific needs of the diamond industry. With this new application, the Antwerp diamond sector takes an important step forward in the prevention of money laundering, helping diamond companies to meet their legal Anti-Money Laundering (AML) and Know Your Customer (KYC) obligations more quickly, efficiently , and accurately.

Nigeria is intensifying efforts to drive value addition, regional collaboration, and sustainable growth across Africa’s gold and gemstone value chain. This commitment was reaffirmed by the Minister of Solid Minerals Development and Chairman of the Africa Minerals Strategy Group, Dr Dele Alake, during a pre-event briefing in Abuja ahead of the 4th African Gems and Jewellery Exhibition & Conference and the Gold & Gemstone Conference and Exhibition (AGJEC/GGCE 2025), scheduled to take place in Lagos.

IIGJ Lab is committed to serve the Gem & Jewellery Industry by providing independent quality assessment of Gemstones & Jewellery. IIGJ’s Ruby Identification service is well known and is availed by gemstone manufacturers, traders, and retailers.
Effective 6th November 2025, IIGJ Lab (A Project by GJEPC India) sponsored by Ministry of Commerce and Industry, Govt. of India has updated description for ruby treatments to harmonise with major gemmological laboratories, maintaining highest levels of scientific analysis and transparency.
Rubies are commonly heated using substances like fluxes (e.g. borax), which often is mixed with silica-based materials or high-density glass containing elements like lead (Pb), bismuth (Bi), barium (Ba), yttrium (Y), zirconium (Zr), etc. Under the current policy all these components are mentioned separately, which is now updated to reflect more unified and simplified descriptions on the ruby reports issued by the IIGJ Lab.

(IDEX Online) - The Spanish government is to invest EUR 750m (USD 813m) in the manufacture of lab grown diamonds for semiconductors at Diamond Foundry's plant in Trujillo.
This is in addition to the EUR 80m (USD 85m) announced last December by the EU as initial funding for the same facility.

Kalyan Jewellers, one of India’s most trusted and leading jewellery brands, has further strengthened its global presence with the launch of its new showroom on Belgrave Road widely known as Leicester’s Golden Mile, the UK’s most prominent jewellery and South Asian retail hub. This milestone entry into the United Kingdom marks a strategic leap in the brand’s international expansion journey, following its sustained growth across the Middle East and the United States. The new showroom was inaugurated by Mr. Pramod Kumar Agarwal, Chairman of Derewala Industries Limited, along with Mr. Rajesh Kalyanaraman, Executive Director, Kalyan Jewellers.

Tanishq, India's most trusted fine jewelry brand, has expanded its U.S. presence with the opening of its eighth store in Tysons Corner. Located at 8065 Leesburg Pike, Suite 120, the 5,500 sq. ft. showroom opened on August 8 and celebrated its grand opening on December 2.
The event featured a ceremonial lamp lighting, ribbon cutting, and a fusion performance blending Western and Indian artistry.