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It's our responsibility to capture the imagination of future generations towards diamonds

As CEO of Beverly Hills-based Grand Metropolitan - a privately-held luxury goods holding company with a 130-brand portfolio - Vin Lee carries the burden rather lightly on his shoulders. Having migrated from Canada as a baby, it did not take long for...

Today

‘Non-diamond producing countries shouldn’t lead KP’

Non-diamond producing countries should not lead the Kimberley Process (KP) as was the case last year with the United Arab Emirates (UAE), according to the African Diamond Council and African Diamond Producers Association chairperson...

04 december 2017

Jewellers’ Guild of Russia sees its mission in creating highly developed national jewellery market

In recent years, the Jewellers’ Guild of Russia has noticeably stepped up its activities. Eduard Utkin, General Manager of this Association told Rough & Polished about what is happening in the country’s jewellery sector, the tasks facing the community...

27 november 2017

Any color diamond is a great investment

Bruno Scarselli belongs to the 3rd generation of the Scarselli family, which has for the last half-century been producing and selling some of the world’s highest quality yellow, blue and pink diamonds available on the market. Bruno heads the company...

20 november 2017

It’s crucial everybody feels confident that their suppliers use the System of Warranties - Stephane Fischler

The System of Warranties (SoW) in the diamond industry dates back to 2002, when the World Diamond Council (WDC) in team with the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association...

13 november 2017

SDiX says diamonds a great safe haven asset

11 october 2017
Singapore Diamond Investment Exchange has created a new investment product called the Diamond Bullion in the form of sets of investment-grade polished diamonds.
Investment diamond sets will have denomination value of about $100,000 and $200,000 each, according to SDiX representative cited by Bloomberg.
“Until now, there was no way people could invest in diamonds in the form which is equivalent to investing in gold,” said Alain Vandenborre, executive chairman and founder of the exchange. “A diamond has absolutely zero correlation with any other asset class, whether it’s commodities, bonds, equities. It’s a store of wealth, it’s a hedge against volatility and you need that in your portfolio.”
The products are issued by the Singapore Diamond Mint Co. The gems are sourced from the wholesale market through De Beers sightholders and Alrosa PJSC, and must be in the top five levels of color and clarity, he added.
The exchange plans to list other denominations in future, and the interest they attract could boost trading volumes and global prices, Vandenborre said, while their real-time pricing is available from the exchange website or the mint’s mobile app.
SDiX, which says it’s the world’s only electronic exchange for trading investment-grade diamonds, has dealt about $165 million of the gemstones since starting in May last year.

Theodor Lisovoy, Rough&Polished, Moscow

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