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Diamond Lab moves closer to crowdfunding target, links with Maddox Gallery for Selfridges VIP opening

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Diamond Lab moves closer to crowdfunding target, links with Maddox Gallery for Selfridges VIP opening


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November 11, 2025

The Diamond Lab is having a busy few months and one of the reasons is that it has “opened its latest funding round to the public, following an overwhelming response from its community of clients and supporters”.

The Diamond Lab

The “ethical” fine jewellery brand said that after choosing to pivot from institutional investors to a community-led raise, it reached over £500,000 in pledges within two weeks of launching its private campaign. 

The brand is now on track to complete its £530,000 round at a £9.5 million valuation, closing on 1 December or sooner if the target is reached.

Funds raised will be used to accelerate marketing, digital growth, and inventory expansion as it “prepares for global scale — including entry into the Middle East market and strengthening its tech and operations infrastructure”.

And long-term, the brand said it “aims to become the global leader in ethical fine jewellery, combining innovation, sustainability, and design to make lab-grown luxury accessible to everyday consumers”.

Founder Jamie Patel said: “Our brand has always been built on community, so this approach felt right. It not only fuels our next stage of growth but also gives our clients, friends, and supporters the chance to invest and be part of our journey.”

The company is also busy on another front. It has joined forces with Maddox Gallery to create “a first-of-its-kind luxury immersive shopping experience” inside Selfridges’ VIP lounge running until 16 December.

Complete with food and drink, it’s been transformed into an “intimate collector’s salon, for a fusion of contemporary art and ethical diamonds this Christmas”. The company said that at the heart is a collection of “rare, never-before-seen lab-grown diamonds, including stones ranging from 20 to 70 carats, placed in a setting adorned with icons of pop, conceptual and photographic art from Andy Warhol, Banksy, David Yarrow, The Connor Brothers, Will Martyr, Mel Bochner, RETNA and Cooper, curated by Maddox”.

Visitors can “meet with experts, collaborating with in-house designers and art consultants to bring their bespoke jewellery vision to life”.

Each element of the concept has been conceived as a “multi-sensory experience that celebrates art, innovation and beauty”.

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Fashion

EU-funded RegioGreenTex pushes 25 SME pilots to commercialisation

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EU-funded RegioGreenTex pushes 25 SME pilots to commercialisation



A total of 25 pilot investments led by small and medium enterprises (SMEs) have progressed from the lab to near-market stage under RegioGreenTex, a three-year European Union (EU)-funded project that recently concluded. Most of these are expected to be commercialised within one to three years.

Twenty five pilot investments led by SMEs moved from lab to near‑market under RegioGreenTex, an EU-funded project that ended recently.
Most of these are expected to commercialise in one to three years.
Five regional hubs mapped SME needs and developed services and value chains as well as tools to help SMEs.
These are now open for collaboration and the pilot portfolio is primed for investors and adopters.

At least 70 per cent of the EU grant was allocated to SMEs. A total of 43 partners from 11 regions across eight countries participated in the project, leveraging their expertise towards a common goal of advancing industry and research.

RegioGreenTex was one of the first projects funded under the Interregional Innovation Investments (I3) Instrument programme that focused on process, service and business model innovation, developing advanced textile recycling technologies, regional recycling hubs, and a digital ecosystem for matchmaking and capacity building.

Five regional hubs mapped SME needs and developed services and value chains as well as tools that keep helping SMEs, an official release said.

The RegioGreenTex Digital Tool keeps matchmaking, sharing trainings and hosting the participants’ knowledge base.

The Waste Wizard shows how artificial intelligence-enhanced matchmaking can link leftover textiles with the right reuse or recycling routes.

From recycled-content yarn processes (Tintex) to Recycrom low-impact dyeing (Officina39), ultrasonic quilting for full recyclability (Rovitex) and hybrid recycled-fibre yarns (Hilaturas Mar), the pilots showed concrete, repeatable ways to cut impact without losing performance.

The hubs are now open for collaboration, the digital tools are live and the pilot portfolio is primed for investors and adopters.

Fibre2Fashion News Desk (DS)



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Higher energy costs to slow India FY27 growth to 6.5%: ICRA

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Higher energy costs to slow India FY27 growth to 6.5%: ICRA



India’s gross domestic product (GDP) growth is expected to moderate to 6.5 per cent in fiscal 2026-27 (FY27) from the projected 7.5 per cent in FY26 owing to the adverse impact of elevated energy prices and concerns around energy availability, according to ICRA Ratings.

While trends in high frequency indicators for January-February 2026 appear favourable, the heightened uncertainty around the duration of the Middle East conflict casts a shadow on the near-term macroeconomic outlook for India amid high import dependency for items like crude oil, natural gas and fertilisers, it noted.

India’s FY27 GDP growth is likely to slow to 6.5 per cent from the projected 7.5 per cent in FY26 owing to the impact of higher energy prices and concerns around energy availability, ICRA Ratings said.
The heightened uncertainty around the duration of the Iran war casts a shadow on the near-term macroeconomic outlook for India.
If the conflict lasts longer, the adverse effects could widen across sectors.

If the conflict lasts for an extended period, the adverse implications of the same could widen across sectors, amid an uptick in input costs and the consequent impact on profitability of the India corporate sector.

Amid the projected uptrend in the consumer price index-based inflation in FY27 with risks tilted to the upside, ICRA Ratings expects an extended pause on the policy rates by the central bank’s monetary policy committee in the fiscal despite the anticipated softening in the GDP growth. However, it expects the Reserve Bank of India to continue to intervene on the liquidity front during FY27.

The available data for January–February FY2026 indicate a positive trend across most non-agricultural indicators, with the year-on-year performance of 12 out of 18 indicators improving compared to the third quarter of FY26, while the remaining six deteriorated.

Fibre2Fashion News Desk (DS)



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Indonesia’s apparel exports at $8.7 bn; 56% shipments to US

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Indonesia’s apparel exports at .7 bn; 56% shipments to US




Indonesia’s apparel exports rose modestly to $8.705 billion in 2025 from $8.316 billion in 2024, reflecting gradual recovery.
The US remained dominant, accounting for over 56 per cent of shipments, highlighting growing market dependence.
While Japan, South Korea and Europe offered stability, exports stayed concentrated in key products and segments.



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