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Emergency meeting on search and rescue operation was held in Mirny

The volume of water accumulating in the quarry of the Mir Mine exceeded 12,500 cubic meters as at 8:00 (local time) this Sunday and there is a risk of its abrupt inrush into the underground mine threatening the lives of rescuers conducting search...

Today

Water level in the shaft of Mir rose to -273.7 meters

A regular shift of the search and rescue operation at Mir started its work underground this Saturday morning and cleared 17 meters of mine workings from obstructions, according to the statement released by the press service of ALROSA. The rescue teams...

Yesterday

ALROSA starts to move Mir Mine workers to other jobs

ALROSA has started to implement its CEO’s order to move the workers of the Mir Mine to other jobs, the company's press service says. The heads of the diamond miner’s divisions in team with production, personnel and social departments of the company...

18 august 2017

Investor creates a rough and polished diamond cluster in Vladivostok

Eurasian Diamond Center (EDC), based in the Free Port of Vladivostok (FPV), creates an infrastructure cluster bringing together companies operating within the diamond industry and focused on export-import operations with Asia-Pacific...

18 august 2017

Diamond Tycoon arrested in money laundering investigation

Israel's Police has arrested Israeli diamond and mining tycoon Beny Steinmetz and four others in a money-laundering investigation case, involving real estate deals abroad, as per media reports.

18 august 2017

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

14 august 2017

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.

KGK says Botswana lacks capacity, expertise to produce diamond jewellery

07 august 2017

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 representative Omphile Masuku told Rough & Polished’s Mathew Nyaungwa in an interview that Botswana was not as good as India and Belgium in producing diamond jewellery at the moment. So when they locally cut and polish diamonds they are shipped to India and Belgium for further value-addition. She, however, said that there was a possibility that the company will in future start producing its own diamond jewellery.

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

31 july 2017

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 enough about the trade of diamonds, gemstones, jewellery, manufacturing and in year 2004, braved it out to start on their own and the rest, as they say, is history. Today, Cara Jewellers is a Dubai based fine jewellery brand, known globally for their phenomenal diamond and coloured gemstone jewellery. With their 24 years of experience in the jewellery industry and their team of 300 sales staff, craftsmen and designers, for Kiran and Anil the sky is the limit. In an interview with Rough & Polished, both Kiran and Anil give us a peep into their mindsets; and their thoughts about the global jewellery industry; their business; and their dreams...

"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.

24 july 2017

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) saw him work on a number of market & category development initiatives…conceptualizing and creating an “all India gold buying day” on ‘Akshaya Tritiya’ and ‘retailing of gold coins’ through the Bank branches and the Post Office in India. Sanjeev has also held positions such as Chairman FICCI (Federation of Indian Chamber of Commerce) Gems & Jewellery Committee; Chairman of the Indo-Armenian Joint Business Council; Honorary Managing Director of the World Silver Council; was on Panel of Advisors to the Government of India on the gold policy matters and many others... With Gitanjali Gems Group, Sanjeev has been spearheading a number of new business initiatives both in India and the overseas market, including the development of a unique ‘point of sale’ - a diamond & jewellery ATM machine. He recently launched a “concept’ precious metal called – Lumineux Uno – which is a combination of the 4 precious metals (Gold, Silver, Platinum and Palladium) for a US-based body called ‘The Leading Jewellers of the World’. Here Sanjeev speaks at length to Rough & Polished about the Indian G&J industry, Gitanjali Group as well as all the challenges that the industry is facing currently.

Virtual Possibilities of Jewellery Market

17 july 2017

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 Chamber of Russia’ on financial monitoring and governmental control over imports and exports of precious metals and special registering, under the Ministry of Finance of the RF, answered the R&P questions.  

Too early to say good days are back, but the industry is witnessing changes

10 july 2017

Rajesh Lakhani, Director of Kiran Gems Pvt Ltd has more than 20 years standing in the diamond industry shouldering major responsibilities at Kiran including planning, developing and managing global marketing, sales and distribution of polished goods. Here, in an interview with Rough & Polished, Rajesh Lakhani comments on the industry's present status and the challenges that it is facing at present.

The task of all the jewellery community is to back up the history of natural diamond, its myths, its reputation of a rare and most precious gem

03 july 2017

Russkaya Yuvelirnaya Kompaniya No. 1 Holding comprising the Moscow jewellery factory of the same name and the retail chains in Novosibirsk and Moscow manufactures exclusive jewellery pieces and sells them on the Russian market. It specializes in making the high-carat gold with diamonds and first class gems. The сompany’s products were among the exhibits in Basel, Vicenza and many Russian jewellery shows. In his interview with the Rough&Polished information agency, Igor Kevchenkov, Director General of the Russkaya Yuvelirnaya Kompaniya No.1, speaks about the state of the Russian jewellery industry and how the Russian jewellery companies operate today.

SA’s Vutomi project can start production end of 2018 – John Teeling

26 june 2017

Botswana Diamonds entered into an option and earn-in agreement with Vutomi Mining and Razorbill Properties, a private diamond exploration and development firm in South Africa last February. It agreed to pay Vutomi a total of £942,000 in cash, of which £581,000 would be used to fund exploration activities. In addition, the company would issue 100 million ordinary shares of 0.25p each to Vutomi shareholders, after which the company would own 72 percent of Vutomi. The flagship project, Frischgewaagt, was in the Limpopo Province 300km north of Johannesburg and was immediately adjacent to the Marsfontein Mine which was previously operated by De Beers. It recently recovered 223 microdiamonds from 160kg of kimberlite drill core from the project. Botswana Diamonds said the kimberlite drill core results were modelled to an estimated grade range of 20 to 270 carats per hundred tonnes at a bottom cut off of 0.6 mm, with the largest stone being a white transparent crystal diamond falling in the -1.18+0.85 mm sieve. Company chairperson John Teeling told Rough & Polished’s Mathew Nyaungwa on the sidelines of the Botswana Resource Sector Conference in Gaborone that it was possible that they might consider some production by the end of next year, if not early 2019 as they were looking at the possibility of using other people’s plants rather than their own, a move that would significantly lower capital expenditure. Teeling emphasised that production was only feasible if they follow a low-cost regime, adding that the project won’t be “huge”, but the diamonds produced would be of “good quality”. He also commented on Botswana Diamonds’ three-and-half-year relationship with their joint venture partner, Alrosa as well as the implications of the liquidation of their partner in the Maibwe project, BCL.

Proximity doesn’t matter, your pocket does: Tanzanians interested in tanzanite jewellery can testify

19 june 2017

Tanzanite, a rare blue/purple gem, was discovered in the Merarani Hills of Manyara Region in northern Tanzania in 1967, a few miles from Arusha and Mount Kilimanjaro. It is used as a gemstone and of late Tanzanians are manufacturing quality jewellery as witnessed by our African Bureau Editor Mathew Nyaungwa during the Arusha Gem Show. However, in as much as this is an interesting development, most Tanzanians are said to be finding it difficult to afford jewellery made from a gemstone, which is only found in their country. Gem Tanzanite owner Osman Abdulsattar told Rough & Polished on the sidelines of the show early May that they had decided to make jewellery made of light (low quality) tanzanite and silver for the local market, to allow low income earners in the country get tanzanite for their engagement ceremonies.

Global demand for polished diamonds will remain steady – Ali Pastorini

13 june 2017

Ali Pastorini, senior vice-president of the World Jewelry Hub, answered questions from Rough & Polished concerning the world diamond market, preferences of consumers and role of bank crediting.

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