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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

De Beers closes Dubai auction-sales office

19 june 2017
De Beers is set to shut down its auction-sales office in Dubai on July 31 due to weak demand from local companies.
The company, which opened the Dubai office in 2011, would still have a presence in the emirate through representatives of global sightholder sales.
Rapaport reports that customers whose business with De Beers was currently managed through Dubai would receive new account managers in Mumbai, India.
The global rough-auctions business shifted focus to Mumbai, India since the establishment of a special notified zone (SNZ) in the Bharat Diamond Bourse two years ago.
“Our ability to meet Indian-based customer needs...through the SNZ over the last year and a half or so has been a great success, and we continue to see significant opportunities in India,” an unnamed De Beers spokesperson was quoted as saying.
“However, this has carried the consequence of steadily diminishing demand from Dubai-based businesses over that period to the point where a business case for a permanent Dubai presence no longer makes sense for us.”
The move by De Beers comes after Alrosa reported last week that it had agreed to work more closely with Dubai to expand the Russian miner’s business in the emirate’s trading center.
Alrosa president Sergey Ivanov said Dubai was one of the world’s leading diamond trading centers.
He said the miner’s rough sales to companies based in the United Arab Emirates totaled $259.5 million last year.
“Alrosa’s affiliate Arcos East DMCC has been successfully operating at the Dubai Diamond Exchange, and we are certainly interested in wider cooperation with our partners from DMCC,” said Ivanov.

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

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