Yakut diamonds, the symphony of permafrost

The Yakutia-based Kierge company, one of the Top 100 of the leading jewellery brands in Russia, opened its showroom in Moscow this autumn, which is gaining popularity in the capital of Russia. “Kierge” is the Yakut for a “finery, decoration” in a broad...

22 november 2021

Vladislav Zhdanov - “The use of diamonds in high technologies is the main and key target of the diamond synthesis technologies”

Vladislav Zhdanov, Professor at the Higher School of Economics, Advisor to Director General - Chairman of the Management Board of the Russian Railways company, and former Vice President of ALROSA (2015-2018). He is a physicist by background...

15 november 2021

Ali Pastorini: The white diamond is the equivalent of a white shirt for a woman

Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mujeres Brillantes, an association that brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

08 november 2021

“As a purist and old school diamantaire, I don't believe in LGD,” says Vin Lee, CEO Grand Metropolitan

Vin Lee, the King of Luxury, doesn’t need any introduction. He is a self-made billionaire CEO of Grand Metropolitan. The Beverly Hills' family office Grand Metropolitan is $7 billion AUM privately-held luxury goods holding company with a 60-brand...

01 november 2021

Part 2: KPCSC wants Russia to help end impasse on new definition of conflict diamonds

In the first installment of this two-part exclusive interview with Shamiso Mtisi, the coordinator of the Kimberley Process Civil Society Coalition (KPCSC), we focused on illegal diamond mining in the continent and where the contraband ends up...

25 october 2021

Norilsk Nickel sets its ESG priorities

12 july 2021

Norilsk Nickel, one of the major producers of metals required for the transition to a “green economy”, has published its 2020 Sustainability Report. Its key parts are the environmental program and the interaction with the indigenous minorities of the North. The focus on these issues stems from both the environmental challenges faced by the company last year and the upcoming introduction of a carbon tax in the EU. While implementing its $3.6 bn environmental Sulfur Programme 2.0 aimed at reducing sulfur dioxide emissions by 95%, the company does not yet set ultimate targets for achieving carbon neutrality. This is due to the current lack of technological solutions for decarbonization. Without waiting for technological breakthroughs, Norilsk Nickel started taking concrete steps in this area. In the summer of this year, the company began producing batches of low-carbon nickel; active work is underway to replace petroleum products with alternative power sources.

Rough diamond pricing: Learn the lessons of history or history will repeat itself

05 july 2021

Rough diamond price rises in the first (almost) six months of this year have been spectacular. So why aren't investors rushing into diamond stocks? The Northern Miner asked my opinion... they've been very badly burnt before by companies using over-optimistic forecasts. Caveat Emptor!

On falsification of diamond history

28 june 2021

Recently, there has been published the latest issue of the London Geological Society’s journal “GEOLOGICAL SOCIETY - SPECIAL PUBLICATION” (vol. 506, 2021). It is about the women who have played an outstanding role in the history of geological science, and contains a feature titled “Women at the dawn of diamond discovery in Siberia or how two women discovered the Siberian diamond province”. The article has two authors - Ekaterina S. Kiseeva and Rishat N. Yuzmukhametov. The first author is positioned as an employee of the Oxford University, the second one represents the West-Yakutian Branch of the Academy of Sciences of the Republic of Sakha (Yakutia). This work is about the lives of two discoverers of the Yakutian diamonds - L. Popugayeva and N. Sarsadskikh and at first glance, it is a good-quality commemorative text intended for solving purely educational tasks. However, the authors put the well-known Popugayeva’s and Sarsadskikh’s story (to a large extent, thanks to Yuzmukhametov’s efforts) in a very peculiar context that deserves close attention and analysis in view of clearly erroneous basic premises.

Diamond demand is between the COVID-19 crisis in India and the pent-up demand for travelling

21 june 2021

The main statistics used by the diamond market experts in April-May were the data on the number of COVID-19 infections in India. The restrictions on the activities of the Indian cutters could put pressure on the demand and become a key trigger for the market slowdown, especially during its traditional seasonal weakness. In March, after the growth in the first two months of this year, the sales of the major suppliers, ALROSA and De Beers, were below their historical levels for this period by 26% and 15%, respectively. The reason for this is a structural reduction in their mining capacities, during which the diamond supplies this year will decline by 20% compared to 2019.

Toward a fair and sustainable diamond supply pipeline

14 june 2021

While there is a surge in polished sales, especially of larger sizes, many retailers - small and large – still seem hesitant to put out substantial cash to purchase diamonds and replenish their stocks. Requests for memo goods are on the rise. Frankly, this again puts manufacturers, importers, and wholesalers in a bind. Once again, just like before the arrival of the “Next Normal,” the midstream is left holding the bag.

On the monograph by N. G. Khromova “Diamond Facets of Russian-Indian Cooperation”

07 june 2021

In 2020, RUSCIENCE publishers, Moscow, released the monograph by N. Khromova “Diamond Facets of Russian-Indian Cooperation” (Russian: Алмазные грани российско-индийского сотрудничества). As the abstract says, “The monograph - for the first time in Russia - gives a comprehensive analysis of the prerequisites and trends of the Russian-Indian cooperation in the diamond industry in 1992-2018. It contains some practical recommendations for the development of the domestic rough and polished diamond industry and offers some promising forms of Russian-Indian cooperation in this sector of the economy. In addition, the issues of the development are studied and the individual characteristics of the Russian and Indian diamond industries are considered ....” The large-scale analytical studies of the diamond market by the Russian authors are relatively rare and deserve very close attention, at least because of Russia’s role in the global diamond industry.

China’s gold market development portrays solid, on-going and for the long term

31 may 2021

In one of its past studies of the Chinese gold market, the World Gold Council (WGC) talks about the formation of this market and draws a number of conclusions that are of interest today having been confirmed by the development of the gold mining industry in China.

Prospects for global diamond mining in 2021 - highly cautious optimism

24 may 2021

According to the estimates of the international consulting company Bain & Company, the world diamond production in 2020 decreased relative to 2019 by 20% to 111 mn cts1. Industry analyst Paul Zimnisky gives a similar estimate of 113 mn cts2. One question currently worries all those involved: How quickly will the diamond industry recover from the COVID-19 crisis? In February-March 2021, many diamond miners published their data on their performance in 2020 and the guidelines for 2021. Based on the data, we try to understand the current situation in the upstream, which is basic for the industry.

Pandora Brilliance: Ethics or Profit?

17 may 2021

In early May, Pandora, one of the world's top jewelry makers, while introducing Pandora Brilliance, its new lab-grown diamond jewelry collection, announced that it would no longer use natural diamonds. The move and the company's statement in which lab-grown diamonds were positioned as an ethical choice versus natural diamonds, generated a wide response in the professional community, as well as in the mass media. Calling Pandora’s narrative false and misleading, several natural diamond industry organizations asked the jeweler to correct its statement. Meanwhile, the media carried a whole gamut of comments on the subject. For its part, Rough&Polished invites readers to get acquainted with the opinions expressed by experts Sergey Goryainov and Richard Chetwode.

The diamond market to come back to normalcy

10 may 2021

The diamond market can return to normalcy after its impressive growth at the beginning of the year thanks to strong jewelry sales, rising profit margins for cutters and a shortage of rough diamonds. Midstream margins have decreased as the diamond prices continue to rise suggesting that the market is overheated. Clients become less loyal to the new price rises recalling that as the summer season approaches, the business may slow down. In addition to the seasonal lull, the downside risks in the diamond market are fueled by the data on the rise in COVID-19 infections in Europe and India.