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Lucapa to become a niche diamond company, says Wetherall

Lucapa Diamond believes that it will become the only company in the world with multiple diamond mining operations whose average diamond value is in excess of $1,000 per carat, once the Mothae mine is commissioned this year. Company chief executive and...

19 february 2018

Zimnisky: Diamonds lack fungibility to be a major investment product

Physical diamonds will never be a viable widespread investment product simply because they inherently lack fungibility, meaning they are all unique, according to Paul Zimnisky, an independent diamond industry analyst and consultant, who is based in New...

12 february 2018

Julien-Vincent Brunie: "Being surrounded by beauty and art is a privilege!"

This last December, shortly before Christmas, the Auction House of Christie's arranged a private display of jewelry in Moscow. The correspondent of Rough & Polished, who had an opportunity to visit this event, was able to admire a luxurious collection...

05 february 2018

Ali Pastorini: We would like meeting Mujeres Brillantes 2018 to be held in Russia

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 500 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

29 january 2018

Diamond Exchanges promote healthy development of the diamond industry, besides safe and basic infrastructures for diamond trade

Prior to joining the Guangzhou Diamond Exchange, Liang Weizhang served as a civil servant of Guangdong Entry-Exit Inspection & Quarantine Bureau as the director of the Kimberley Process Office. He participated in the KP Review missions to South Africa...

22 january 2018

Sarine delivers record number of Galaxy Inclusion Mapping Systems in 2016

11 january 2017
Sarine Technologies Ltd delivered a record 24 Galaxy family inclusion mapping systems in Q4 2016 bringing total 2016 deliveries to 84 systems compared with the previous record year of 48 deliveries.The firm has a total installed base as of the end of 2016 of 299 systems.
"On the backdrop of overall positive sentiments in the Indian diamond manufacturing industry, notwithstanding the Diwali holiday break of three weeks and the recent demonetization steps taken by the Indian government, we are pleased to report that our inclusion mapping systems sales have continued robustly, with a record 24 Galaxy family systems having been delivered in Q4 2016, of which 15 were of the Meteor model for small stones, 7 were Solaris systems, 1 was a Galaxy 1000 model and 1 was a Galaxy Ultra system," says a statement frm the company.
“Furthermore, though final numbers for the quarter are not yet available, we expect revenues for the fourth quarter of the year in excess of US$ 18 million, in line with or slightly better than our previous best Q4 on record (US$ 18.3 million) and constituting an improvement on a sequential as well as on a year-over-year basis”, it added.

Aruna Gaitonde, Editor-in-Chief of Asian Bureau, Rough & Polished

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