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Ali Pastorini: Selling just the idea of glamour is no longer enough

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

21 may 2018

Diamonds are shifting from occasional to daily wear

Joy Alukkas started his first jewellery showroom in UAE in the year 1987, and today the Joyalukkas Group is a multi-billion global conglomerate with varied business interests. Beginning with a single jewellery room in Abu Dhabi, Joy Alukkas has grown...

14 may 2018

GJC has played a crucial role in the last 10 years in improving the compliance level in the industry

Coming from a renowned family of jewellers based in Akola, Maharashtra, Nitin Khandelwal heads Khandelwal Jewellers (Akola) Pvt Ltd. He has interests in the Plastic industry, Real estate, Health & Recreation and Cold storage industries as well...

07 may 2018

Johnson: ASM diamond sector a potential new source of supply for De Beers

De Beers recently said that it is planning to pilot a programme called GemFair that will create a “secure and transparent route” to market for ethically-sourced artisanal and small-scale mined (ASM) diamonds. GemFair would partner with the Diamond...

03 may 2018

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...

23 april 2018

India demonetisation policy hits smaller, lower value rough diamonds trade – De Beers

11 january 2017
De Beers said trade in smaller, lower value rough diamonds are currently experiencing a slowdown as a result of the demonetisation policy in India.
However, group head of media relations Lynette Gould said in an exclusive interview with Rough & Polished that demand for their rough diamonds in the fourth quarter of 2016, the rest of the product mix, continued to be healthy.
She said sales also remained in line with seasonal expectations.
“Over the medium and long term, the supply-demand fundamentals of the diamond industry are positive and continue to point to future growth,” said Gould.
“India’s diamond consumer market has achieved almost uninterrupted growth over the last two decades, with demand for diamond jewellery expanding in 19 of the last 20 years, in rupee terms.
“In the last decade alone, the market has nearly trebled in size to about INR220 billion. And, the future is just as promising.”
She said India was home to a highly dynamic, growing consumer market; fuelled by a fast expanding economy, a widening consumer base and a culture where precious jewellery plays an intrinsic role in social occasions and family traditions.
“In particular, India’s middle classes are growing rapidly, with the purchasing power of the highest income households expected to rise at the fastest pace,” Gould said.
“So in the long run, we believe there is as much untapped opportunity for the diamond industry in India as anywhere else in the world.”

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished

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