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27.07.2015
History is being made here in Panama, and I feel fortunate to be part of it - Eli Izhakoff
eli_izhakoff_x.jpgEli Izhakoff, Chairman, World Jewelry Hub, Panama and Founding Chairman, Panama Diamond Exchange is also an Honorary Lifetime President of a host of Global organisations like World Federation of Diamond Bourses, World Diamond Council, CIBJO, the World Jewellery Confederation, Diamond Dealers Club of NY,Diamond Industry Steering Committee and Bangkok Diamond and Precious Stones Exchange. Here, Eli Izhakoff talks to Rough&Polished about the issues being faced by the global diamond industry currently; and about the WJH, he is more than confident by proclaiming “History is being made here in Panama.”

20.07.2015
DTZ-OZGEO is steadily increasing production and exploration
bornwell_mupaya_x.jpgDTZ-OZGEO discovered a diamond field in Chimanimani, Zimbabwe in 2010 where it is currently mining diamonds. After the superficial weathered rock was mined and processed, the company’s operation is now focused on the diamond-bearing conglomerate being developed by way of drilling and blasting. Bornwell Mupaya, Deputy Managing Director of DTZ-OZGEO is narrating about his company’s achievements during two decades of its existence in his interview to Rough & Polished.

13.07.2015
As the demand for polished diamonds is not picking up, the rough supply situation is comfortable in India - Vipul Shah
vipul_shah_x.jpgVipul Shah, is the CEO & MD of Asian Star Co. Ltd., a market leader in the Indian gem and jewellery industry. The present gloomy scenario in the global diamond industry is a worrisome factor on everybody’s mind. Not surprising that the Indian Industry is hard hit as well, with multiple challenges to tackle. However, the Indian diamond industry, which is known for its resilience has weathered many a storm in the past. But, how is it planning to survive this onslaught, which is bigger than anything it has faced till now? Vipul Shah answers ROUGH&POLISHED here, with great élan.





ALROSA kicks off its first round of e-commerce selling rough diamonds

06.07.2011

On July 5, the Market Council of Russian diamond miner ALROSA summed up the results of an experimental round of online rough diamond sales. According to the company’s press release received by Rough&Polished, the auction was held for market participants on a specialized electronic platform at direct invitations from ALROSA in accordance with the effective corporate rules for rough diamond auctions.
The first electronic auction put up for sale 108 lots of standard boxes under the current stock list of ALROSA. The diamond miner invited 30 foreign and Russian companies to take part in bidding.
The trading session resulted in approximately $11 million worth of sold goods.
The Market Council considered the experimental auction successful. From the fourth quarter of this year, after fine-tuning the software, outlining the schedule and specifying the notification and participation procedures for buyers of rough diamonds, e-auctions will be carried out on a regular basis.
In 2010, ALROSA produced 34.3 million carats of diamonds worth $2,180 million. The ALROSA Group sold a total of 3,483.6 million worth of diamond goods last year, a record amount in the company’s history.

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