An alliance between a diamond producer and a diamond manufacturer in Russia is simply inevitable and necessary

What is a diamond manufacturer’s margin composed of? What is the profession of diamond processing engineer about? How much time does it take to become a diamond cutter? How does a polishing factory work? The Russian Cut, is it alive? Lightbox from De...

15 october 2018

High technologies make it possible to create a product that can be obtained in natural stones only for very big money

Andrey Zharkov, having left the position of President at diamond mining company Alrosa, has established and headed the Ultra C company, which will be engaged in the production of diamonds from the reactor. In this interview with industry news agency...

08 october 2018

The once unorganised domestic jewellery sector in India is now growing

A veteran businessman, former Chairman of Gem & Jewellery Council (GJC), Bullion Expert, a third-generation jeweller born with a silver spoon (or was it gold?) in his mouth, a perpetual optimist … yes, the list could go on. As the first...

01 october 2018

India is poised to become a major fine jewellery market in the near future - Pramod Agrawal, Chairman GJEPC

Pramod Kumar Agrawal, the current Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a successful entrepreneur in his own right. Despite belonging to a jewellery business family, with his father dealing in gemstones...

24 september 2018

Color diamonds are more valuable and desirable and a better investment

In 1993, Eyal Cohen started his career as a diamond cutter, sitting by his father’s side as an apprentice. 4 years later, he was recruited by a jewelry firm, where he learned to appreciate natural colored diamonds. In 2003, Eyal opened his own company...

17 september 2018

Diamond industry of Botswana, its current state and prospects

15 october 2018

Botswana has a rich source of rough diamonds. The country’s diamond reserves reach about 340 million carats, while its resources (including reserves) exceed 905 million carats. The country is consistently among the world’s three largest diamond producers by volume and value. In 2017, Botswana produced almost 23 million carats of diamonds (the third-largest result after Russia and Canada) to the amount of $ 3.329 billion (ranking second to Russia). Virtually all diamonds in the country are mined by Debswana, which is owned in equal parts by the Botswana government and De Beers, part of the Anglo American Group.

Pink Legacy goes on tour like Lesedi, but will it sparkle at the Geneva auction?

08 october 2018

A fancy vivid pink diamond weighing 18.96 carats, which was once part of the Oppenheimer collection, is set to go on a tour ahead of the Geneva auction on 13 November.

Russian diamond manufacturing - Escape from the past

01 october 2018

The Russian diamond cutting industry used to produce and is still producing impeccable samples of its business. Created in the first half of the 1960s by order of Soviet Prime Minister Alexey Kosygin, the diamond manufacturing industry - the future network of Kristall factories - was to solve the problem of using diamonds in consumer goods, which seemed to be a bourgeois relic a short time ago. Diamonds and jewelry were not on the list of priority needs of the Soviet man and were mainly exported in order to increase the country’s foreign exchange earnings. From the very first days of its existence, the brand of domestic diamond manufacturing symbolized the highest standards of quality. In many ways this was due to the peculiarities of the production process. Soviet diamond cutters, unlike their counterparts in other countries, were limited not by the yield ratio, but by the precise execution of a technical assignment, i.e. by the quality of cutting and polishing. Diamond cutters tried to provide ideal shapes for diamonds, often without regard for losses, which seemed inconceivable to their counterparts in Israel or Belgium.

Future of diamonds with young generations

24 september 2018

De Beers noted recently in its ‘Diamond Insight Report 2018’ that demand for diamond jewellery reached $82-billion in 2017, a 2 percent growth from the previous year’s $80 billion. It attributed the growth to sustained robust growth in the US and a return to growth in US dollar terms in China. Of particular interest was the Millennial and Generation Z (Gen Z) consumers, who when combined, accounted for 66 percent of global diamond sales last year, according to De Beers.

The diamond industry of Botswana, its current state and prospects

17 september 2018

Botswana has a rich mineral base of diamonds – its reserves of these precious stones reach about 340 million carats, while the country’s resources (including the reserves) exceed 905 million carats. The country is consistently among the top three diamond producers in the world, both in volume and value terms. In 2017, Botswana produced almost 23 million carats of diamonds (taking the third place after Russia and Canada) worth $ 3,329 million (turning second only to Russia). Virtually all of the country's diamonds are mined by Debswana, which is owned in equal parts by the Botswana government and De Beers, a subsidiary of the Anglo American Group.

Yakutia’s and Russia’s diamond manufacturing industries against the background of global diamond business

10 september 2018

The performance figures of Yakutia’s diamond manufacturing and jewelry industries for 2017 are not encouraging. Compared to 2011, the decline in the diamond manufacturing industry was 63% and in the jewelry industry it reached 30.5% in US dollar terms. This indicates that this processing segment continues to be in a downturn since 2011.

Lightning before the thunder

03 september 2018

As in the case of weapons production there should be eternal enemies, so in the case of diamonds passions, ambitions, greed, treachery, arrogance, love, devotion, desire for beauty - all this hellish cocktail is also eternal. But is the present fetish itself eternal, which is needed as a material symbol for all this?

World diamond industry in 2017

20 august 2018

In July this year, the Kimberley Process once again published statistics on diamond mining and trade by the countries of the world in 2017. Last year, the same 23 countries were engaged in industrial diamond mining as in 2016.

Fake for the rich, expensive for the poor

13 august 2018

It is easy to see: today De Beers with its "eternal" conservative values fixed in the minds of young people involuntarily gets into confrontation with the ideology of Apple based on "here and now" and – is losing to it! You can repeat as much as you like that the trend towards "green" and "ethical" goods is very good for the global jewelry industry, but the truth is that it is just an attempt to "pull someone else's blanket on yourself."

Angola crafts new path for diamond sector, loosens Dos Santos’ family grip

30 july 2018

The election of João Lourenço as Angola’s new president last September after almost four decades of Jose Eduardo dos Santos’ rule has brought so much hope in the southern African country, which is one of the leading crude oil and diamond producers. Dos Santos’ family had a tight grip on Angola, but that has changed, as the new leader was acting on his promise to tackle family monopolies and make Angola more attractive to investors.

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