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India stirred but not shaken by demonetisation

It is more than two months since demonetisation of high-value currency notes in India took effect, but the resilient gems & jewellery industry, though stirred, stands strong and stoic in the face of adversity. Obviously, the luxury sector of which...

20 february 2017

From Siberia with love

Hello, dear Keanu Reeves, writing to you is a simple Russian girl, Elena from a small town in Siberia. I'm a big fan of your creative work and always take delight every time I see your new film. And when I learned that you are going to play the leading...

13 february 2017

Ethical transparency relies on brand storytelling, education and humanity

(luxurydaily.com) - As consumer expectations lean increasingly toward transparency, a brand’s dedication to sustainable business practices is more important than ever before, said panelists at Luxury FirstLook: Time for Luxury 2.0 on Jan. 18. During the “Sustainability...

Today

Scientists are turning nuclear waste into super-efficient diamond batteries

(sciencealert.com) - Scientists have figured out how to use nuclear waste as an energy source, converting radioactive gas into artificial diamonds that could be used as batteries. These diamonds, which are able to generate their own electrical current, could potentially...

Yesterday

How Will the New State Department Handle Conflict Diamonds?

(jckonline.com) - In early February, Ashley Orbach, the U.S. Department of State’s special advisor for conflict diamonds for the last three years, announced she will be leaving her post and the agency. With new leadership coming to the State Department, it remains to...

20 february 2017

ALROSA President Andrey Zharkov resigns

Yesterday

ALROSA President Andrey Zharkov has stepped down from his post, a source in the company told Interfax. Zharkov announced this at a planning meeting on Tuesday. Statement by the head of ALROSA will be reviewed by the Supervisory Board of the company. The issue has not yet formally been handed to the Supervisory Board, the source added.

ALROSA recovers 120+ carat diamond at Jubilee pipe

Yesterday

ALROSA reported it has produced a 121.88-carat diamond at its Jubilee kimberlite pipe.

India's January polished diamond exports up 3%; rough imports up 28%

Yesterday

India's exports of cut and polished diamonds recorded at $ 1.62 bn in January 2017, a rise of 2.9% as compared to the $ 1.57 bn in the same month in 2016, according to provisional data released by The Gem & Jewellery Export Promotion Council of India (GJEPC).

Koidu developing underground mine for $134m, says Sierra Leone

Yesterday

Sierra Leone said Koidu Holdings has reached its open pit limit at the K2 pit and is steadily progressing towards its open pit limit at K1.

Tsodilo starts drilling at Botswana’s BK16

Yesterday

Tsodilo Resources has commenced a drilling programme at its wholly-owned BK16 kimberlite project located within the Orapa Kimberlite Field in Botswana.

DDC New York to move into new premises

Yesterday

The Diamond Dealers Club (DDC) of New York will move to new location at the International Gem Tower (IGT). The move will enable more companies to relocate their offices to the trading floor, DDC said.

ALROSA’s President may be replaced

20 february 2017

ALROSA's President Andrey Zharkov may leave his position prematurely. According to unofficial information, this outcome resulted from his disagreement with the Finance Ministry and representatives of the company’s shareholders - the Russian Federation and Yakutia. He may be replaced by Sergey Ivanov, Jr., the former head of SOGAZ and son of Sergey Ivanov, the former head of Russian President’s Administration. The only defender of Andrey Zharkov remains to be Yury Trutnev, but he is unlikely to oppose the candidacy of Sergey Ivanov, Jr., the sources of Kommersant believe. For the market, it is important to understand if the new president of ALROSA will preserve its long-term strategy, analysts say.

DPA's ad to run at the Academy Awards this year

20 february 2017

The Diamond Producers Association (DPA) will be running its “Real is Rare. Real is a Diamond” campaign during this year's Academy Awards. In a presentation at the Israel Diamond Exchange, DPA CEO Jean-Marc Lieberherr said that the ad featuring the television premiere of "Runaways," will be presented in a 15-second format on the ABC TV network, which will air the award ceremony.

Education is the most important part of generic diamond promotion effort

The activity of World Diamond Mark® (WDM) established by the World Federation of Diamond Bourses (WFDB) to enhance consumers’ desire to buy natural diamonds is currently focused on the downstream segment of the diamond pipeline in the belief that the...

20 february 2017

There is more growth to come as global market turns to online purchasing

After living in UK and US for a considerable part of his life, Ashraf Ahmed returned to UAE where he lived as a child, only to set up shop in a sector he is passionate about... gem stones and jewellery. A graduate in Business & Finance, Ashraf is adequately...

13 february 2017

Global diamond jewelry sales are expected to decline slightly in 2016 - Bain & Company

Bain & Company, a leading global business consulting firm, offering solutions on issues of strategy and operations, works with over 2,700 major multinational corporations across every economic sector, including the diamond mining industry. Antwerp...

06 february 2017

Kristall is worried about the external environment, which is sometimes changing "categorically"

Kristall Production Corporation is the leader of Russia’s diamond-cutting industry. The company produces almost half of the total amount of diamonds, which are cut and polished in the country. Having over 50 years of diamond manufacturing experience...

30 january 2017

Panama is a gateway to the jewelry market of Latin America

Armed with a Finance and International Business degree from Ithaca College, a Master’s in Business Administration from Universidad Adolfo Ibáñez in Chile and a Master’s in Public Administration from the Kennedy School of Government at Harvard University...

23 january 2017