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Zimnisky: Hard to protect lab-diamond price as production methods, economics improve

Paul Zimnisky, an independent diamond industry analyst and consultant, said it will be very difficult for the lab-diamond manufactures to protect price as production processes and economics improve. He told Rough & Polished’s Mathew Nyaungwa in an exclusive...

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James Campbell: Scoping study results for SA’s Thorny River due mid-year

Botswana Diamonds appeared to have expended most of its energy and resources last year on the new Thorny River project in South Africa as its Sunland Minerals joint venture with Alrosa, in Botswana takes long to find diamonds despite significant effort...

16 april 2018

MGCJ founder Branko Deljanin: Production of synthetic diamonds is still larger than consumption

Founder and Chairman of the Mediterranean Gemmological and Jewellery Conference, MGJC, Branko Deljanin kindly agreed to answer questions from Rough&Polished related to synthetic diamonds and the upcoming 4th session MGJC in May in Budva, Montenegro.

09 april 2018

There is some magic in a diamond

Alexander Gorynya is a Director General of the St. Petersburg-based Kongo jewellery company. He is a Chairman of the Union of North-West Jewellers. In 1978, he graduated from the North-Western Extramural Polytechnic University. Since 1983, he worked...

02 april 2018

Looking for the Kimberley Process achieving further and meaningful sustainable progress

On March 7, 2018, the United Nations General Assembly welcomed the progress made by the Kimberley Process Certification Scheme to break links between the diamond trade and conflict and adopted a consensus resolution aimed at intensifying that work aligning...

26 march 2018

What will the impact be of De Beers rough auction sales announcement?

Today

A recent announcement to the diamond trade by Neil Ventura, Executive Vice-President, Auction Sales, at De Beers showed the direction that the mining giant heading in regarding auction sales. He said that the De Beers Auction Sales business has "acted as a catalyst for widespread industry change in selling practices" and now "the vast majority of producers of all sizes, including even producer country governments, have adopted auctions for at least a part of their overall sales mix. The firm has developed its auction program to enable customers to secure future supply at its auctions by launching a forward contract sales program to enable customers to do so. It then further developed the system from a floating price system to fixed prices. Last year, the miner started selling its own polished diamonds, as well as allowing third parties to sell their polished goods on the De Beers platform. The miner said that its aim was to provide customers with a ‘one-stop shop’ for its sourcing needs – saying this offers benefits in terms of efficiencies and reduced costs. Although diamond manufacturers – especially De Beers' sightholders – won't publicly comment, off the record they are not exactly delighted by the move.

The measurability of beauty

16 april 2018

This article opens a series of popular science publications about rough and polished diamonds, their properties and characteristics, peculiarities of their origin, mining, cutting and polishing and evaluation. And we start with the latter – a 4C system widely used for describing the jewellery characteristics and for the subsequent polished diamond pricing.

Responsible supply chains sine qua non for diamonds, other precious stones

09 april 2018

The Kimberley Process Certification Scheme (KP), which was established by the southern African diamond-producing countries in 2000, came into effect on 1 January 2003 in a bid to eliminate the use of rough diamonds to finance armed conflict. The scheme, currently under the leadership of the European Union (EU), also aimed at protecting the legitimate diamond industry, upon which many countries depended.  KP, which was also endorsed by the United Nations’ General Assembly, made a massive contribution during its formative stage to the implementation of then fragile peace agreements in Angola, the Democratic Republic of the Congo, Liberia and Sierra Leone by blocking resources to potential spoilers.  The scheme members are now said to be responsible for stemming 99.8 percent of the global production of conflict diamonds. However, some non-governmental organisations (NGOs) are not convinced that KP had made such an astounding progress.

Are SMEs in Indian diamond industry crushed between 'a rock and a hard place'?...

02 april 2018

Yes, undoubtedly... as the position right now is not conducive for small and medium manufacturing units to survive, given that bank financing and loans are hard to get and prices of rough don't allow making profits out of the manufacturing process.

New times, new challenges for shopping malls fighting to stay alive

26 march 2018

An ongoing death rattle is being heard in the US retail sector, as malls across the country are being forced to deal with what some are calling the “retail apocalypse”. Credit Suisse Bank has forecast that as many as a quarter of them will be closing their doors by around 2023. The malls have fallen victim to consumers' changing shopping habits and desires and, of course, online shopping.

Ten innovations which changed the diamond industry

19 march 2018

The Mining sector has always been a source of innovation, striving to better safety and efficiency and deal earnestly with environmental concerns. Among the many steps taken by mining companies across the globe, some of them have made radical changes to the sector.

Diamond producers can’t rest on their laurels in the face of synthetics threat

12 march 2018

In January 2017 I asked the then De Beers head of media relations Lynette Gould whether natural diamond producers were worried that they might lose some market share to lab-grown stones. She was dismissive in her response, claiming that natural diamonds and synthetics were two different propositions. “Our research consistently shows that consumers do not see synthetic diamonds as potential substitutes for natural diamonds,” said the De Beers spokesperson at the time. She, however, said that the challenge that they needed to focus on was ensuring the reputation of the industry – and the integrity of the product we sell – was beyond question. “Challenges to product integrity, such as the risk of undisclosed synthetics infiltrating the pipeline, are things that we take very seriously,” said Gould.

JUNWEX St. Petersburg opens the jewellery season of 2018

05 march 2018

Year in, year out, JUNWEX St. Petersburg opens a new jewellery season – and most of the Russian jewellers create their new collections or just new jewellery pieces for this show and not for the Christmas and New Year sales. For the jewelers, the participation in JUNWEX St. Petersburg is a must that gives them the opportunity to show their colleagues, partners and clients the best items created during the year, and for the jewellery wholesalers – to buy the goods they expect to be in demand.

Stalin’s Secret Diamonds

26 february 2018

The sanctions and anti-sanctions game, which we have lately the pleasure to watch almost every day, cannot but put the diamond market players on edge. There are grounds for concern: the diamond trade and politics have crossed each other’s path rather often over the last century and the effect of these contacts was mixed. So, it is helpful to use the historical cases demonstrating the triumph of common sense and desire for constructive development over tactical political interests.

Gem Diamonds’ stock price can rally if it continues digging large stones

19 february 2018

Gem Diamonds had a good start to the year as it recovered four “high quality” diamonds over 100 carats last January from its 70 percent-owned Letšeng mine, in Lesotho. The mine was well-known for the production of large, top colour, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world.

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