India’s First Online Gems and Jewellery Industry Portal Catering to B2B Segment
puja_bansal_x.jpgBelonging to a jewellery family and being a certified diamond grader as well, Puja Bansal has been actively involved in manufacturing, retailing, and designing; and has showcased her expertise in several events and fashion shows in India and international fashion arena. Launching herself in the year 1998 as a brand under Khandelwal Jewellers Ltd (KJL), Delhi, Puja’s keen interest in jewellery and her passion for designing led her to conceptualize MYHEERA.COM, a unique online platform, presenting itself as a virtual world of a globally connected business to business stage for the gems and jewelry industry. In this interview with Rough & Polished, Puja talks about her ‘one-of-a-kind’ online B2B portal dedicated to the gem and jewellery industry, serving all the options in a single platform.

The downturn should stop by the middle of next year - Maxim Shkadov
maxim_shkadov_x2.jpgThe Production Corporation of Kristall operating in Smolensk is the major diamond cutting enterprise in Russia established in 1963. It was here that a diamond cutting technique now known worldwide under the brand of Russian Cut was born, when this country introduced a processing standard for cutting and polishing diamonds in 1977 with extremely stringent requirements. The aim of the Russian Cut is the icy mathematical ideal setting fire and brilliance free in a diamond. This kind of experience accumulated over half a century makes Smolensk’s Kristall feel confident in the top segment of the global diamond market in spite of the difficulties currently experienced by the industry. In his interview to Rough&Polished Maxim Shkadov, CEO of Kristall tells about his company’s performance and comments on the situation in the diamond market.

Yoram Dvash: Israel's Next Big Diamond Project
yoram_dvash_x.jpgAs Chairman of the Israel Diamond Exchange's (IDE) Industry Committee for the past two years, Yoram Dvash has played a leading role in several initiatives. He was one of the major forces behind the creation of a modern manufacturing plant near the IDE complex that was officially opened earlier this year. Now, he is leading the charge for the establishment of another manufacturing center for Israeli diamantaires – this one for the production of diamonds of 10 carats and larger. He tells Rough & Polished about the importance that he, IDE President Shmuel Schnitzer and the IDE's board attach to bringing manufacturing back to Israel.

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


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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