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18.05.2015
Demand for diamond jewelry has traditionally been and will be there in spite of crisis situations
valeri_ilyinykh_x.jpgUralskaya Yuvelirnaya Kompaniya (Ural Jewellery Company), Yekaterinburg, holds strong positions on the Russian jewellery market and specializes in the manufacture and wholesale of trendy and classic jewellery made of precious metals, precious and semi-precious gems. Along with exclusive jewellery studded with precious gems, it manufactures big lots of inexpensive and quality jewellery. It has a reputation of a reliable and responsible partner. Valery Ilyinykh, the company’s CEO, gave his answers to questions from Rough&Polished.

12.05.2015
Mira Gulati, Founder and Principal Designer of Mirari
mira_gulati_x.jpgA trained jewellery designer and gemologist from the Gemological Institute of America (GIA), Mira Gulati created the brand ‘Mirari’ to cater to India’s growing demand for luxury jewellery with a contemporary edge, as well as the international market’s craving for aesthetic of the Indian classic treasures. Even before embarking on this journey, Mira worked at several jewellery stores in California to develop her skills in sales, operations, security and dealing with clients. Armed with education and experience, Mira ventured confidently into the business of her dreams.

05.05.2015
Valeri Kochetkov: To Make Russian Jewellery Art a Brand Similar to Russian Ballet - As It Once Used To Be
valeri_kochetkov_x.jpgThe jewellery produced by Lazurit & K attracts the attention of visitors at the exhibitions and fairs where it is given awards and diplomas. On its website, this jewellery company is presented as follows: “We have our own manufacturing facility in Moscow. We co-operate with renowned jewelers and observe the traditions of the Russian jewellery school. Our jewelry is hand-made and undergoes a full production cycle starting from design sketches to producing final jewelry goods. We use high quality polished diamonds from Yakutia having conformance certificates. Every jewelry piece we make has a lifetime guarantee and a quality certificate. Our jewelry collections are released in limited editions.” Valeri Kochetkov, СЕО and founder of this family business having its own jewellery-manufacturing workshop, answered the questions from Rough&Polished.





Lesotho’s proposed ownership law to affect diamond firms

02.08.2012

Lesotho is set to introduce a new law that will limit foreign mining firms’ ownership in local mines to 49 percent, while the remaining 51 percent will be reserved for natives (government included).
Diamond companies to be affected by this proposed law included Gem Diamonds, which owns 70 percent of the Letseng mine, and Namakwa Diamonds, which owns the majority of the Kao mine.
Gem’s flagship Letseng diamond mine had produced 57,116 carats during the first six months of the year ended June 2012.
It said the mine also achieved an average value of $2‚133 per carat during the first half of the year compared with $3‚052 realised a year earlier.
Namakwa on the other hand realised revenues of about $4.2 million from its third sale of Kao rough diamonds in Antwerp, with achieved prices 3.4 percent higher than initial management estimates.
However, with all the positive news coming from the diamond miners in Lesotho, the country’s new Prime Minister Tom Thabane said the gems were not being mined successfully in a manner that benefits the country, hence the move to review the ownership structure.
"We also have lots of diamonds, but are not doing so well," he said.
Thabane said that the proposed law would not affect the non-mining sector as was the case in Zimbabwe under its controversial indigenisation law.
“The localisation issues mentioned are in the mining sector — other sectors are not affected,” he was quoted by Businessday as saying.
"But it is still a debate. At the moment we do not think we will follow the status quo.”

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

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