Stellar halts plans to acquire Tonguma diamond project

Stellar said discussions with Octea Mining over the acquisition of Tonguma, which owns a mining license over the Tonguma kimberlite diamond project in eastern Sierra Leone were terminated and is no longer acquiring the company or its mining license from...


IDWI ends on a positive and optimistic note

The International Diamond Week in Israel (IDWI) which was held from Feb.13 to 16 ended on a positive note, with participants showing immense optimism in the future of the diamond industry.


India's fourth series of Sovereign Bonds begins today

The Government of India will come out with the fourth series of Sovereign Gold Bonds 2016-17, which the Reserve Bank of India will issue on its behalf. Applications will be accepted from today through March 3 and the bonds will be issued on March 17...


Rockwell finalises sale of Saxendrift alluvial diamond assets

Rockwell Diamonds has concluded the sale of its noncore Saxendrift alluvial diamond assets in South Africa to private firm Nelesco 318 for C$4.5 million.


Swiss Watch Exports Continue to Decline

The Swiss watch industry started the year where it left off as exports fell in January, albeit at a slower pace than in 2016.


IDE's Yoram Dvash: 2017 shaping up to be more positive


After a tough 2015, last year provided the diamond industry with more stability and 2017 could be even better, says Yoram Dvash, President of the Israel Diamond Exchange (IDE) and Vice-President of the World Federation of Diamond Bourses (WFDB). In this interview, conducted following the International Diamond Week in Israel in mid-February, Dvash speaks on a range of issues affecting the Israeli and global diamond sectors.

Education is the most important part of generic diamond promotion effort

20 february 2017

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 very first contact customers have with salespersons should be a perfect experience, and to make this happen WDM is reaching out to retailers offering them a new vision and a profound program for turning their would-be buyers into staunch adherents of fashion for diamonds. Alex Popov, Chairman of World Diamond Mark sat down with Rough&Polished to describe what has been achieved by WDM on this way and share his views on diamond marketing and diamond education.

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

13 february 2017

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 qualified in the gems and jewellery business with diplomas and certificates from the Gemological Institute of America and the International Gemological Institute. With over 30 years of experience in the sector, Ashraf's companies, Diamond Infinity DMCC and his online venture Dubai Wholesale Diamonds cater to clients directly as well as online. His Hong-Kong-based company Diamond Investments HK Limited handles diamond investments. In an Interview with Rough & Polished, Ashraf Ahmed speaks on the whole gamut of the gems and jewellery businesses he is involved in... right from manufacture, retail, wholesale and investment.

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

06 february 2017

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 World Diamond Centre (AWDC) and Bain & Company recently released a sixth annual report, focusing more in detail on the dynamics of consumer demand across the globe in 2016. Olya Linde, Principal of the company’s Moscow Office, gave this interview to Rough&Polished.

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

30 january 2017

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 under its belt, the diamond cutting factory located in the City of Smolensk is making top-quality goods sold in international markets. In recent years, the global diamond trade was undergoing great transformations and Kristall is making efforts to maintain the diamond cutting industry in Russia. Maxim Shkadov, CEO of Kristall talks on this and many other issues sitting for an interview with Rough&Polished.

Panama is a gateway to the jewelry market of Latin America

23 january 2017

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, Mahesh Khemlani, the President of World Jewelry and Diamond Hub-Panama is a businessman in his own right. His many stints include Vice President of Finance and Business Development at Optynex Telecom; a member of the Technology Investment Banking Group at CIBC World Markets; and a financial analyst at Standard & Poor's Portfolio Management Data Group; and at Grupo VerdeAzul, a private investment firm in Panama, where he is currently Chief Investment Officer. Mahesh Khemlani also has an extensive background in business and government. He spent six years at the Ministry of Economy & Finance of Panama, most recently as Vice Minister of Finance. In an interview with Rough & Polished, Mahesh Khemlani speaks on a range of issues, including the current status of the WJDH, the global diamond industry, LGDs, generic diamond marketing and millennials.

De Beers speaks on demand for diamond jewellery, impact of India’s demonetisation policy on gems trade and synthetics’ threat or lack thereof

16 january 2017

Global diamond giant, De Beers said that last year’s demand for diamond jewellery, across the key consumer markets, was broadly stable on 2015. Group head of media relations Lynette Gould told Rough & Polished’s Mathew Nyaungwa that the United States had again drove performance in 2016, supported by the economy posting solid growth in consumer spending and employment numbers. She said after a really challenging year for the midstream in 2015, 2016 saw improved trading conditions, and a much better inventory situation. Meanwhile, De Beers’ spokesperson said that the extent of global growth in 2017 will be dependent upon a number of macro-economic factors, including the strength of the dollar and economic performance in China and its impact worldwide. She said India’s demonetisation policy had affected trade in smaller, lower value rough diamonds. On synthentics, Gould said De Beers believed that diamonds and the lab grown gems are two different propositions. She said their research had regularly showed that consumers do not see synthetic diamonds as potential substitutes for natural diamonds. Below are the excerpts.

We create jewelry that will remain after us

09 january 2017

Jewelry holding Ringo, founded in 1993 in Ekaterinburg is one of the leaders in the Russian jewelry market, having an extensive customer base, a modern integrated manufacturing facility comprising all the cycles of jewelry making, from generating creative concepts and designs to their technological implementation, backed by a wide network of signature boutiques. The company has a certificate of the Russian Jewelry Trade Club awarded to the "Industry Movement Leader" for high quality and modern design and many diplomas received at large industry and international exhibitions. The Ringo brand is represented in all major cities of Russia and abroad. It is one of the ten best jewelry brands in Russia, having at its disposal some well recognizable designer-made collections, like the "Russian Princess," "Lotus," "Stars," or "Million." Nadezhda Yalunina, the holding’s Creative Director answers the questions from Rough&Polished, telling about how her company manages to keep abreast of things, about the brand’s latest collections, urgent problems and plans for the future.

Diamonds clad in tailor-made software

04 january 2017

"Many passionate people believe in the future of the diamond sector but very few companies have the perception to invest in technology... have difficulty thinking or planning for long term,” feels Stephane Dujourdy, owner of an e-business company and a software creator for the diamond industry. In an interview with Rough&Polished, Stephane talks about the service he has rendered to the industry; and his expertise in the software creation field.

ALROSA is exploring Botswana for diamond deposits

26 december 2016

Having 60 years of industrial diamond mining experience under its belt, ALROSA has long been successfully operating in several African countries, which are applying its expertise to a full extent. In 2012, the company formulated its Strategy for Developing Projects in Africa, which is being used as a guideline to explore and develop diamond deposits in Angola, Botswana and Zimbabwe considered to be priority projects by the Geological Research Unit of ALROSA. In an interview to Rough&Polished, Victor Ustinov, Doctor of Geological and Mineralogical Sciences, who is also heading the company’s Department for Evaluation of New Areas (based in Saint-Petersburg), talks about the search for diamonds in the Republic of Botswana in 2016.

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