Young people in China have become the main force of jewellery consumption

Armed with a Bachelor's degree from Beijing Normal University, Zhuhai, as well as majoring in Franchise Management, Wang was greatly influenced by his parents in the field of jewelry. This has resulted in his unique opinions about innovative design...


ZCDC re-orients diamond valuation plan as it seeks ‘right market price’

At some point experts claimed that the Marange diamond fields contained between 2 and 7 billion carats of raw diamonds and that Zimbabwe was sitting on over 25 percent of the known diamond deposits in the world. Others even put the value of the Marange...

12 march 2018

Art historian Valentin Skurlov: "Faberge, like all court jewelers, actively used diamonds"

Valentin Skurlov is a historian of jewelry art, a candidate of art history, an honorary academician of the Russian Academy of Arts, a scientific secretary and a herald master of the Faberge Memorial Foundation, and a research consultant for the Fabergé...

05 march 2018

Ari Epstein: The diamond trade is stable again

Ari Epstein, CEO of the Antwerp World Diamond Centre (AWDC), dwelled on the results of the past year and the current situation in the diamond market in his interview to Rough&Polished.

26 february 2018

Lucapa to become a niche diamond company, says Wetherall

Lucapa Diamond believes that it will become the only company in the world with multiple diamond mining operations whose average diamond value is in excess of $1,000 per carat, once the Mothae mine is commissioned this year. Company chief executive and...

19 february 2018

De Beers’ Auction Sales ready to transition fixed forwards programme

08 december 2017
De Beers said its Auction Sales business will transition fixed-price forward contracts to core business status, after the success of the pilot programme that was launched last January.
Fixed-price forward contracts offer the opportunity for Auction Sales customers to secure guaranteed access to bespoke future supply contracts, with certainty over the price to be paid when each contract reaches maturity.
“The results from this pilot have been very encouraging, and have validated our understanding of customer needs and that the solution we have been testing meets those needs effectively,” said Auction Sales executive vice president Neil Ventura.
“Coupled with the investments we have made to offer one of the industry's most consistent product offerings, we are now ready to transition the fixed forwards programme to the next stage in its development by offering a broader range of highly consistent products over longer contract maturities, with flexible supply options up to five months into the future.”
De Beers said customers would from January 2018 experience a wider range of products being made available for one, two, three, four and five-month forward deliveries, enabling them to construct bespoke supply contracts to suit their business needs.
A total of 222 fixed-price forward contracts were sold during the pilot.

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


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