Today’s customer needs an offer of something unique that others do not have

Oksana Senatorova is the publisher of the Jewelry Trade Navigator magazine and the founder of the Jewellery Business Academy.
She graduated from I. M. Sechenov Medical Academy and the Faculty of Psychology of Lomonosov Moscow State University...

09 january 2020

Inventories accumulated by De Beers, ALROSA to put ceiling on prices near-term even if demand substantially picks up – Zimnisky

As we are in the last month of 2019, it is prudent to examine what the diamond industry went through and the possible trajectory in the upcoming year. Industry expert, Paul Zimnisky spoke with Rough & Polished’s Mathew Nyaungwa to discuss this and other...

30 december 2019

Empowering customers and engaging more with our stakeholders is the new Mission

The unassuming Govindbhai Laljibhai Dholakia, Chairman, Shree Ramkrishna Exports Pvt Ltd (SRK) is not just an ace businessman but a noted philanthropist. He has contributed immensely to social welfare with special focus on education … a noteworthy...

23 december 2019

‘Dubai has proven to be a great port for diamond tenders’

Stargems, which was established by Shailesh Javeri in 1981, has been involved in the trading of rough diamonds and is now also into manufacturing, wholesaling, retailing, tendering of diamonds and diamond jewellery. Although, the company has operations...

16 december 2019

Our main role is to inspire consumers to consider diamonds - Jean-Marc Lieberherr

With over 25 years of experience in a variety of leadership positions across many geographies, functions and businesses, Jean-Marc Lieberherr has more than 10 years’ experience as a diamond industry leader, which includes as a Board member of the World...

09 december 2019

UAE jewellers call for 5% duty cut

13 january 2020

UAE’s gold and diamond retailers are hoping for a rollback of the 5 per cent import duty on jewellery, saying such a move would free them from the extreme volatility gold prices have been having since June last. With gold rates this volatile, only a duty relief will keep retail prices in check.
In January 2018 that Dubai and Sharjah, the two key destinations in the import of jewellery into the region, imposed the 5 per cent duty. This had an impact on showroom prices, hurting, in particular, Dubai’s reputation as one of the best places in the world to pick up gold inexpensively. It is this 5 per cent import duty that retailers feel could be done away with to revive the sector’s fortunes. UAE jewellers face the brunt each time gold prices rise to find it extremely hard to survive to sell gold with buyers keeping away. 
Recent days have witnessed volatility in gold prices due to US-Iran tensions. It has impacted on gold jewellery buying during DSF, one of the key points in Dubai/UAE’s gold buying calendar.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished