Will precious stones in Russia be set “free from restraint"?

Speaking skeptically about the liberality of Federal Law 41-ФЗ “On Precious Metals and Precious Stones” (hereinafter referred to as “Law 41-ФЗ”) enacted on 03.03.1998 with respect to the circulation of precious stones, I allowed some simplification...

20 january 2020

China's third way in the global diamond business

The rapid social and economic development of China in recent decades has allowed this country to become one of the world leaders and centers of power. China currently holds key positions in the world in the production and consumption of the most important...

09 january 2020

Why Luxury Brands Should Celebrate the Preowned Boom

(bcg.com) - Luxury goods manufacturers have much to gain by encouraging and participating in the fast-growing luxury resale market. Although many manufacturers once viewed this market as an unattractive niche, a recent BCG survey reveals that it has found new life...

Yesterday

Jeweler De Grisogono Allegedly Funded by Shell Companies Laundering Angolan Government Money

(jckonline.com) - Swiss fine jewelry brand de Grisogono has allegedly been a part of a complicated, long-running money-laundering scheme that’s redirected Angolan government funds into shell companies owned by one family. According to the International Consortium of Investigative...

23 january 2020

The Greatest Story Ever Sold

(mgretailer.com) - Throughout history, a few extraordinary advertising campaigns literally changed society. These tales have been told—and sold—to the masses and changed the course of human events.

22 january 2020

Forevermark launches exclusive boutique in Kolkata with a jewellery brand

Yesterday

Forevermark recently launched its second Forevermark Boutique with Indian Gems and Jewellery Creation, a leading jewellery brand in Kolkata, showcasing a wide variety of elegant cuts, designer jewellery and loose diamonds.

De Beers’ full year rough diamond output slides 13% to 30,8mln

Yesterday

De Beers’ rough diamond output eased 13% to 30,8 million carats in 2019 compared with 35,3 million carats in 2018, according to Anglo American.

Patek Philippe watch became the most expensive sold at auction

Yesterday

Patek Philippe watches were the most expensive sold at auctionThe exceptional timepiece that Patek Philippe donated to the charitable Only Watch auction was sold for 31 million Swiss francs on November 9, 2019, the highest bid ever attained for a watch.

Synthesis Technology took part in International Jewelery Tokyo 2020

Yesterday

Synthesis Technology, a resident of the Moglino special economic zone, took part in the 31st International Jewelery Tokyo 2020, which was held in Tokyo from January 20 - 23.

Gemfields’ Kagem awards employees pay rise after union negotiations

Yesterday

Gemfields’s 75%-owned Kagem Mining has inked a “collective agreement” with workers’ unions, in Zambia that will see employees receiving a 10% increase in basic salary this year and another 10% increase in 2021.

ALROSA's diamond production in the fourth quarter of 2019 decreased by 15% compared to the previous year

23 january 2020

ALROSA presented preliminary operating results for the 4th quarter and 12 months of 2019.

A new diamond cutting and polishing factory opens in Vladivostok

23 january 2020

M.Suresh Vladivostok, which has the status of a resident of the Free port of Vladivostok, has opened a diamond cutting and polishing center equipped with high-end technology.

Tatneft wants to supply fuel to Zimbabwe in exchange for diamonds

23 january 2020

The head of Tatneft, Nail Maganov, said on the sidelines of the current Davos Forum that his company is working on fuel supplies to Zimbabwe as part of a deal to exchange fuel for diamonds.

Ali Pastorini: Challenges make us think out of the box and be closer to customers

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

20 january 2020

Today’s customer needs an offer of something unique that others do not have

Oksana Senatorova is the publisher of the Jewelry Trade Navigator magazine and the founder of the Jewellery Business Academy.
She graduated from I. M. Sechenov Medical Academy and the Faculty of Psychology of Lomonosov Moscow State University...

09 january 2020

Inventories accumulated by De Beers, ALROSA to put ceiling on prices near-term even if demand substantially picks up – Zimnisky

As we are in the last month of 2019, it is prudent to examine what the diamond industry went through and the possible trajectory in the upcoming year. Industry expert, Paul Zimnisky spoke with Rough & Polished’s Mathew Nyaungwa to discuss this and other...

30 december 2019

Empowering customers and engaging more with our stakeholders is the new Mission

The unassuming Govindbhai Laljibhai Dholakia, Chairman, Shree Ramkrishna Exports Pvt Ltd (SRK) is not just an ace businessman but a noted philanthropist. He has contributed immensely to social welfare with special focus on education … a noteworthy...

23 december 2019

‘Dubai has proven to be a great port for diamond tenders’

Stargems, which was established by Shailesh Javeri in 1981, has been involved in the trading of rough diamonds and is now also into manufacturing, wholesaling, retailing, tendering of diamonds and diamond jewellery. Although, the company has operations...

16 december 2019