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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

Zim jewellery firm targets foreign markets as local economy struggles

12 january 2017
Aurex Holdings, a jewellery company in Zimbabwe, said it has been finding it difficult to grow its business on the local market due to a decline in disposable incomes and general liquidity in the country.
NewsDay quoted company general manager Paipa Munhumutema as saying that the development had forced jewellery maker to step up efforts to sign partnerships with international players.
Aurex said its market share had only grown slightly despite a 50 percent jump in their bridal jewellery business, forcing the company to shift focus to the international market.
Munhumutema said the jewellery manufacturer was in talks with a “known player” in the international diamond cutting industry to help them get a foothold into the international marketplace.
“This is an area that takes time to grow because we need to align with international partners to enter the space. For the last year, our focus was to actually get into technical partnerships with a company that has got a foothold on the international market. We are almost concluding talks with one technical partner, whom we hope will give us access in the international market,” he said.
“In terms of the various products, there is fashion jewellery and bridal jewellery. On the bridal jewellery side, I think we have got a bigger market share, there and are more than 50% in terms of being active on that market, but it is a market where we need to do more.”
Aurex, a subsidiary of the Reserve Bank of Zimbabwe, had eight retail stores across the country.
It bids for rough cut diamonds from auction floors at the Minerals Marketing Corporation of Zimbabwe and Murowa auction floors, which it then cuts and polishes for resale.

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

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