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Lucapa to become a niche diamond company, says Wetherall

Lucapa Diamond believes that it will become the only company in the world with multiple diamond mining operations whose average diamond value is in excess of $1,000 per carat, once the Mothae mine is commissioned this year. Company chief executive and...

19 february 2018

Zimnisky: Diamonds lack fungibility to be a major investment product

Physical diamonds will never be a viable widespread investment product simply because they inherently lack fungibility, meaning they are all unique, according to Paul Zimnisky, an independent diamond industry analyst and consultant, who is based in New...

12 february 2018

Julien-Vincent Brunie: "Being surrounded by beauty and art is a privilege!"

This last December, shortly before Christmas, the Auction House of Christie's arranged a private display of jewelry in Moscow. The correspondent of Rough & Polished, who had an opportunity to visit this event, was able to admire a luxurious collection...

05 february 2018

Ali Pastorini: We would like meeting Mujeres Brillantes 2018 to be held in Russia

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 500 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

29 january 2018

Diamond Exchanges promote healthy development of the diamond industry, besides safe and basic infrastructures for diamond trade

Prior to joining the Guangzhou Diamond Exchange, Liang Weizhang served as a civil servant of Guangdong Entry-Exit Inspection & Quarantine Bureau as the director of the Kimberley Process Office. He participated in the KP Review missions to South Africa...

22 january 2018

Trutnev: Russia Will Establish a Diamond Exchange

17 march 2014

At the latest meeting on the issues of diamond industry development held in Yakutia Deputy Prime Minister and Plenipotentiary Representative of the President at the Far East Federal District of Russia Yury Trutnev announced instructions to work out establishment of a diamond exchange in Russia, Rossijskaya Gazeta reported.
Attendees of the meeting, featuring president of the Republic of Sakha Egor Borisov, senior officials of Ministry on Far East Development, representatives of AK ALROSA, federal and regional agencies, and business community, discussed financial and economic position of ALROSA.
According to Yury Trutnev, the company is the leader in both Russian and global diamond industry and it should make a point of economic and social policy.
Trutnev charged the Ministry of the Far East Development in cooperation with ALROSA and the Government of the Republic of Sakha with preparation of proposals for creation of balanced and comprehensive development strategy including implementation of social projects: construction of housing facilities, job creation, construction and maintenance of communal and social infrastructure.
According to Trutnev, diamond cutting and jewellery industry shall become growth areas of the republic.
“Natural riches of our country shall be processed within the country and we shall contribute to extended value addition on the territory of Russia,” – Trutnev noted.

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