Login

Ali Pastorini: Selling just the idea of glamour is no longer enough

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

Today

Diamonds are shifting from occasional to daily wear

Joy Alukkas started his first jewellery showroom in UAE in the year 1987, and today the Joyalukkas Group is a multi-billion global conglomerate with varied business interests. Beginning with a single jewellery room in Abu Dhabi, Joy Alukkas has grown...

14 may 2018

GJC has played a crucial role in the last 10 years in improving the compliance level in the industry

Coming from a renowned family of jewellers based in Akola, Maharashtra, Nitin Khandelwal heads Khandelwal Jewellers (Akola) Pvt Ltd. He has interests in the Plastic industry, Real estate, Health & Recreation and Cold storage industries as well...

07 may 2018

Johnson: ASM diamond sector a potential new source of supply for De Beers

De Beers recently said that it is planning to pilot a programme called GemFair that will create a “secure and transparent route” to market for ethically-sourced artisanal and small-scale mined (ASM) diamonds. GemFair would partner with the Diamond...

03 may 2018

Zimnisky: Hard to protect lab-diamond price as production methods, economics improve

Paul Zimnisky, an independent diamond industry analyst and consultant, said it will be very difficult for the lab-diamond manufactures to protect price as production processes and economics improve. He told Rough & Polished’s Mathew Nyaungwa in an exclusive...

23 april 2018

Lucapa Diamond CEO perceives good start for rough diamond market in 2018

22 february 2018
The rough diamond market has this year started off “very well” as high demand has seen prices go up in January, according to Lucapa Diamond chief executive Stephen Wetherall.
De Beers’ rough diamond sales for the first sales cycle of 2018 was provisionally capped at $665-million, while Alrosa sold rough diamonds for $499-million in January.
“I think if you look at the sales of other producers they are also quite upbeat of what they have achieved, so I think as we normally expect in a diamond industry, we see January and February being stronger pricing environments and demand environments,” he told Rough & Polished earlier this month.
“So I think the year started off the same way, it always does very, very strongly.”
Wetherall also said, although it was hard to predict the future of a diamond market due to its volatility, he was anticipating the high-end diamond market to remain stable by the end of the year.
He, however, said that the low-end diamond market had been under pressure.
“It just seems to be with regards to the stocking environment [and] when there seems to be a low stock you get demand from the Indian diamantaires and that pulls the prices back up,” he said.
“But as you know we are operating in the high-end it’s been pretty robust, demand is very, very good so we haven’t seen that much pricing pressure.”

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

Comments

Only registered users can add comments (Register, Login)