A new brand has come to the Russian market - LA VIVION

How this had happened was disclosed in an interview with Rough&Polished by Andrey Yanchevskiy, CEO of LA VIVION, who, having turned from a programmer into a jeweler, proved that algorithms and diamonds are a promising combination in business.

14 august 2017

KGK says Botswana lacks capacity, expertise to produce diamond jewellery

KGK Diamonds Botswana opened its operations in the southern African country and the world’s second largest diamond producer in value terms, in 2014 and it is currently cutting and polishing rough sourced from De Beers’ Diamond Trading Company. Company...

07 august 2017

Jewellery might not come under the category of basic necessity, but for women it is a need

Enchanted by the City of Gold-Dubai, brothers Kiran Pethani and Anil Pethani travelled from their little village in Gujarat, India to Dubai in search of a better livelihood. In 1993, they started working for a jeweller in Gold Souk where they learnt...

31 july 2017

"The government should financially support the setting up of skills development units and Gems and Jewellery parks" suggests Sanjeev Agarwal, CEO, Gitanjali Exports Pvt Ltd.

Sanjeev Agarwal has a unique combination of experience encompassing FMCG, Banking & Finance and the Luxury Retail Sectors with Unilever, Cadburys and Deutsche Bank. Sanjeev’s next move to World Gold Council as Managing Director (India-subcontinent)...

24 july 2017

Virtual Possibilities of Jewellery Market

Online jewellery trading in Russia – since it started boosting and becoming more popular among the consumers - is of keen interest among the market players and is a topical issue. Dmitry Zamyshlyaev, Deputy Head of the Federal State Enterprise ‘Assay...

17 july 2017

DRC: Poor value eclipses new status as world’s second largest diamond producer

14 august 2017

The Democratic Republic of Congo (DRC), a resource-rich country, yet very poor, had been bleeding, literally, for quite some time with no prospects for peace on the horizon. Apart from a never-ending war between the government troops and drug-crazed rebels, the country also plunged into a political turmoil as President Joseph Kabila refused to vacate office when his term came to an end last December. Apart from the instability, which dominates news headlines on a daily basis, the country registered a huge leap in diamond production last year.

Indian Diamond industry at cross roads

07 august 2017

"This sector has come a long way from where it was. However, it is still far, far behind where it should be. Our strongest area is diamond cutting and polishing. In terms of the global value, our market share is much lower than it should be. Our future is much bigger than cutting and polishing. We have a lot of unexplored potentials," said PM Narendra Modi to diamond industry. “Go beyond cutting and polishing, make India a manufacturing hub.”

Tailing Dumps at the Malyshevskoye Emerald Deposit

31 july 2017

The tailing dump was started in the early 1960s during the development of the Malyshevsky and Aulsky quarries. When mining was over, the wastes (middlings) formed at the beneficiation plant, waste rocks and substandard ores from the Malyshevskaya mine were dumped there. Two dumps were made: one for waste rocks and the other for substandard ores (poor in beryllium oxide). The sampling results and their appraisal showed the following inferred resources: the ore content in the waste dump is 6 mln tonnes; crystal raw materials: emeralds – 9,154 kg, alexandrites - 294 kg, phenacites - 435 kg; the in-place reserves do not include the quantity of beryl that can be extracted and converted into the gem-quality raw materials using the up-to-date technologies. It is an advantage that the ore-bearing rocks has already been unearthed to the surface and is ready to be processed.  

What the year of the Fire Rooster brings us: many a carat makes…

24 july 2017

On February 27, 2017, the New Year finally came by the Lunar Calendar. Today, when the Orient determines the global diamond market development trends, the Fire Rooster - the symbol of this year - hopefully will make the life of diamantaires brighter and replenish the diamond miners’ stocks with new carats. Today, five largest companies lead the way in the global diamond mining: De Beers, АLROSА, Rio Tinto, Dominion Diamond Corporation, and Petra Diamonds that produce over three-fourths the diamonds worth of up to 90% of the world diamond value. Based on the reports made by these companies, it is possible to predict the total volume and the value of the rough diamonds mined in the world.

Refinery Discrepancy

17 july 2017

Gold weighted bullion bars are a traditional symbol of welfare and one of the most popular investment tools. Many lines of profession – starting from a geologist to a smelter furnace-operator - are engaged in making a bullion bar, and its manufacture crowns a long production process and logistics. While many gold mining companies prefer to show 999-gold bullion bars in their presentations, more often their end-products are Dore bars. As a rule, it is a gold-silver alloy containing 70% to 85% of gold and up to 5% of byproduct non-precious metals. Dore bars are unsmooth, dark, each weighing about 23 kg, so they do not at all look like the gold the majority of people dream about. These are sent to the refineries where they undergo melting-down, are decontaminated and finally become traditional bank fine gold bars. It is the refinery hallmark that is an integral part of a marking used for a 999 gold bar. And there are reasons for that. First, Dore bars are supplied to the refineries by many gold miners and the metal melts in a ‘common pot’, to put it literally. Second, often this is not about tolling refining but about buying and selling of the gold-containing raw material, in other words, the refineries hold full rights for their end-products. This peculiar feature of the interaction between producers and refineries serves a purpose of collection of indirect taxes to the budget and is an obstacle for the increase in the refineries’ production, whose capacities are far from optimum utilization under the conditions of stagnating gold mining.

Diamond Industry Faces Growing Challenge from Recycled Diamonds

10 july 2017

Almost nine years after the global economic crisis struck, one offshoot is continuing to have an effect on the diamond and jewelry industries, and that is recycled diamonds. Nobody in the industry really has any idea of the size of recycled diamonds, with estimates ranging from 5-10 percent of the market. They remain a minor part of the industry, but nonetheless continue to be a factor despite the recovery of the American economy.

Will the cutting and polishing and jewellery industries revive in Yakutia?

03 july 2017

The Ministry of Economy of the Republic of Sakha (Yakutia) revealed the cutting and polishing and jewellery industries’ performance data for 2016. The slide in the cutting and polishing industry - in USD terms - was 35%, and in the jewellery industry 30.5% as compared to the performance in 2015. It indicates that this segment in the processing industry is still in a crisis state since 2011.

New Thai Mid-Year Show Gets Off To A Successful Start

26 june 2017

The first Thailand Gems & Jewelry Fair launched by the Thai Gems and Jewellery Trade Association (TGJTA) took place in mid-June with almost 13,000 visitors participating. Show organizers said that there were 5,728 visitors from overseas and 7,216 domestic visitors at the June 15-18 show. The countries with the highest number of visitors at the show were China, India, Myanmar, Japan and the USA.

Botswana Discovers That Beneficiation Process Not So Easy

19 june 2017

When the Diamond Trading Company decided to move the bulk of its services to the Botswana capital of Gaborone in 2011, it was due to mark the start of a new chapter in the diamond industry. Instead of transferring the country's rough diamonds out of the country shortly after they had been mined, as had been the case for dozens of years, basing the DTC’s operations in Botswana was seen as providing a huge boost for the country’s beneficiation campaign. Although the concept of beneficiation really began in South Africa under former President Thabo Mbeki, ironically that country has been left behind while other diamond producing states in southern African have moved ahead, particularly Botswana and, to a lesser extent, Namibia. The Botswana government and diamond industry officials have repeatedly stated that their aim is to create polished goods and even diamond-set jewelry at home and then export them. That would mean not just badly needed work in a country which suffers from high unemployment, but also a skills transfer and the creation of many thousands of extra jobs in associated services. However, the reality of establishing diamond cutting and polishing plants in Botswana and manufacturing diamonds profitably has been very different from the original plan.

Godlike pontification

12 june 2017

I love stories about distorting facts to please business interests. Dear readers, I have prepared another one for your attention. From time to time, every one of us wants to feel being God, or at least a preacher, and pronounce fiery speeches, full of truth, to inspire others and stigmatize unworthy people. And all this to enjoy the way people listen to you open-mouthed and believe every word you say without reserve. Previously, this was difficult to achieve. Not everyone was lucky to be born into the family of a pastor or diplomat and not everyone was lucky to become a superstar, or to have studied at Harvard to become an expensive lawyer. Most people had only to be satisfied with the attention from friends and co-workers. Now, of course, it is much easier, as there is the Internet. Everyone (for instance, even me) can become a preacher on the Web, as it is just enough to write catchy articles and not stint on their promotion.

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