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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

Rapaport to auction Sierra Leone 709 carat diamond

12 october 2017
Rapaport said it has been selected by the government of Sierra Leone as the marketing and sales agent of the 709 carat diamond, which was discovered by an artisanal miner last March in the village of Koryardu.
The group said in a statement that more than 50 percent of the stone’s sales value would directly benefit the community where the diamond was discovered and the people of Sierra Leone.
“We call on the worldwide diamond industry to bid generously for the Peace Diamond as it will bring vital infrastructure and benefit to thousands of Sierra Leone’s artisanal diggers,” said Sierra Leone president Ernest Bai Koroma.
He said the government was committed to ensuring a transparent and competitive auction process that would ensure fair market value for Sierra Leone’s diamonds.
The owner of the diamond, Pastor Emmanuel Momoh also said that the stone would greatly improve the lives of “our people”.
“This diamond represents our hope for a better future as the resources of Sierra Leone fund growth, development and jobs,” he said.
Meanwhile, Rapaport chairperson Martin Rapaport said he believed in the positive energy of the Peace Diamond and the great good it would do for the people of Sierra Leone.
“The lucky buyers of the Peace Diamond and the resultant polished Peace Diamonds can take pride in knowing that they have created a better life for tens of thousands of people,” he said.
“This is a diamond that makes the world a better place. This is a diamond with spiritual sparkle.”

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

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