Analytics
Post COVID-19 Scenario: A stronger and more organized Indian diamond industry to emerge
As India went into ‘Lockdown 4.0’, analysts from the Indian G&J industry believed that many of the Surat's diamond factories will not survive COVID-19, especially the city’s 5000 odd units that form 90% of the manufacturing units which are small...
01 june 2020
Adding fuel to the fire - COVID and the benefit performance of Angola
As it became known, last week Angola sold at least five ‘modules’ (parcels) of goods supplied by its main diamond producer, Sociedade Mineira de Catoca. Five modules contain the entire monthly production of this company. According to market information...
25 may 2020
Expert reports
Christie’s to Offer Largest D Color Diamond Ever Auctioned Online
(jckonline.com) - In a sign of these socially distanced times, Christie’s Jewels announced in mid-May that it will present the highest valued lot ever offered in one of its online sales—and the largest D color diamond ever to be auctioned online—in its upcoming Jewels...
05 june 2020
Revealed: What trends has notonthehighstreet noticed during the pandemic?
(professionaljeweller.com) - Leading online marketplace, notonthehighstreet, has highlighted trends it has noticed during the pandemic as it calls on the nation to support small businesses. With more than 60% of its sellers already working from home, notonthehighstreet has proven...
04 june 2020
Rough Tendering in the New Normal: First Element Launches Extended E-service
(thediamondloupe.com) - The COVID-19 pandemic is causing a paradigm shift, not only in how we live our lives, stay in touch with friends and family or do our shopping, but also in the way we do business. In an industry that has long relied on face-to-face interactions, particularly...
03 june 2020
News
ALROSA's net profit for the first quarter fell 87% y-o-y
05 june 2020
ALROSA’s net profit for the 1st quarter of 2020 under IFRS amounted to 3 billion rubles, which is a 74% drop from 11.7 billion rubles compared to the previous quarter and fall of 87% compared to last year due to non-cash factors.
Indian diamond manufacturers urged not to import rough diamonds in June
05 june 2020
At present, about 30 per cent diamond manufacturing units in Surat have resumed operations, due to shortage of workers.
Angola H1 diamond revenue falls
05 june 2020
Angola’s diamond revenue has dropped in the first half of the year, according to the governor of the National Bank of Angola, José de Lima Massano.
ALROSA’s Severalmaz cuts production
05 june 2020
PJSC Seralmaz, part of the ALROSA Group, will reduce production at its Lomonosov Division in 2020 due to the closure of the Group’s key sales markets and a slump in demand for diamonds amid the coronavirus pandemic.
Titan to record decreased profit for 1H due to COVID-19
05 june 2020
Tata Group company Titan recently announced that the company’s operating cash flow was negative in the last two months due to virtually zero sales in the first six weeks of lockdown.
Mountain Province Diamonds Inc. announced changes to its board of directors
05 june 2020
The Company announced the addition of Ken Robertson to its board of directors.
Russian Far East is of interest to Indian diamond cutting companies - report
04 june 2020
Indian companies see the Russian Far East as a center for creating diamond-cutting enterprises.
Peter Meeus set to advise Angola on diamond mining reform – report
04 june 2020
Belgian consultant Peter Meeus, who owns PME Consulting, is negotiating with the Angolan government to help the southern African country reform its diamond mining sector.
Exclusive
African diamond firms on COVID-19 response, recent developments
Rough & Polished recently contacted several diamond producers and exploration companies with operations in Africa to establish how their operations were affected by the Covid-19 pandemic and what they are doing to alleviate the impact. We also sought...
01 june 2020
“Get Diamonds” platform will soon be available in Russian, Hindi, Arabic and any other languages as per demand from any countries
A first-generation diamantaire Yoram Dvash, currently serving as the Acting President at World Federation of Diamond Bourses (WFDB) and the President of the Israel Diamond Exchange (IDE), launched his diamond manufacturing and trading...
25 may 2020
Sustainability is the only way forward - Rahul Jauhari
Rahul Jauhari, Sr Vice President of Global Sales & Marketing, Star Rays, has forged ahead professionally for more than 14 years garnering experience in Business Development, Luxury Lifestyle Consultancy, Market Analysis, Global Fashion / Luxury trend...
18 may 2020
Keeping global supply chains functioning vital – De Beers
Diamond giant, De Beers has said that it is essential to keep global supply chains functioning in view of the substantial impact of Covid-19 on the industry. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...
11 may 2020
Gabon courts foreign investors to grow fledgling diamond sector
Diamond production in Gabon, which has been a member of the Kimberley Diamond Certification Process since 2018, is currently dominated by artisanal miners. The artisanal miners are producing about 300 carats per month, according to Gabon’s director of...
05 may 2020
