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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

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

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...

10 july 2017

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

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...

03 july 2017

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

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...

26 june 2017

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

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...

19 june 2017

De Beers says it will auction polished diamonds manufactured from its own rough

19 may 2017

De Beers’ Auction Sales said it will pilot the sale of its own polished diamonds using auctions for the first time. It said in a statement that the sale would comprise a wide range of polished stones manufactured directly from its rough diamonds.
De Beers occasionally used a third party contractor to cut and polish some of its rough diamonds to better understand to what extent they are delivering customers’ polished outcome requirements.
“We have a limited amount of a wide range of polished diamonds, so it makes commercial sense for us to trial this auction on our existing platform,” said De Beers’ Auction Sales Executive Vice President Neil Ventura.
“We are interested in testing the level of demand from polished buyers for diamonds that have a clear and attractive source of origin, and that offer the assurance of product integrity that dual certification provides.
He said a successful auction would also generate an additional polished price reference in US dollars per carat.
“In addition, this will complement our existing rough auctions and enable buyers to fill supply and inventory gaps if they were unable to secure supply at our spot and forward auctions for rough diamonds,” said Ventura.
Meanwhile, the group said polished diamonds were available following contract manufacturing of De Beers Auction Sales rough diamond products to assess what range of polished diamonds they would produce.
The polished diamonds would also be accompanied by both International Institute of Diamond Grading & Research (IIDGR) and Gemological Institute of America (GIA) grading reports.

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

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