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

Impact diamonds: An opportunity or a wildcat venture?

03 may 2021

Almost every year, the Russian press reports on the future development of the Popigai deposit of impact diamonds in the north of the Krasnoyarsk Territory. These “sensations” have already grown more and more detailed, including the relevant agreements between the Siberian Branch of the Russian Academy of Sciences, the leadership of the Republic of Sakha (Yakutia), and the Krasnoyarsk Territory, as well as attracting ALROSA and AFK (Joint-Stock Financial Company) Sistema as investors, and even positioning this project as a joint one with the Republic of Belarus. According to the Popigai diamond proponents, they promise brilliant prospects to Russia and the world, they say that the development of the deposit will provide the world industry with new rough diamonds, the annual demand for which may rise to 1 billion carats. The public interest in the issue has been mounting and it inevitably requires answers to the questions - why has a unique diamond deposit discovered half a century ago turned out to be in no demand so far and what is the real prospect of its development taking into account the current state of the world diamond market?

ICMM develops global industry standard on tailings management

26 april 2021

The publication of the International Council on Mining and Metals (ICMM)'s 2019 annual report last came shortly after the catastrophic collapse of a tailings dam at Vale's Córrego do Feijão mine in Brumadinho, Brazil. More than 250 people lost their lives as a result of the collapse.

De Beers - Friend or Foe?

19 april 2021

What is a natural diamond if it doesn’t have a social purpose? Let’s take the biggest brand and ask the killer question; “what, if anything, do De Beers and their ForeverMark brand really stand for?” …The answer may inspire you.  

On the smuggling of rough diamonds to the USSR

12 april 2021

The opinion that the USSR was actively involved in the smuggling of industrial diamonds after World War II is quite widespread in the literature of the subject. For example, “Industrial diamonds were spirited from Zaire and Sierra-Leone to Beirut, thence by diplomatic pouch to Moscow”. Or there were reports that old traders in Beirut - where many illicit dealers in Africa shipped rough diamonds to - recalled that there were often industrial diamonds in the diplomatic pouches sent to Moscow by the Soviet Embassy in Beirut. Such information is in almost all canonical works on the diamond market history, not to mention dozens of the op-ed pieces and journalistic articles. It should be noted that the original publications on the rough diamond smuggling by the Soviets dated back to 1951-1957, and later on, they were used by market researchers and journalists as a reference base without adding any significant details. For a long time, the thesis about the rough diamond smuggling by the Soviets looked quite appropriate. However, a number of documents we discovered in the central Russian archives on the purchase of a huge amount of industrial diamonds from England in 1951-1953 (the volume of these supplies exceeded the pre-war ones by an order of magnitude) radically changed the picture.

PGI: Sentiment remains positive about precious jewellery purchasing in 2021

05 april 2021

Platinum Guild International (PGI) the worldwide marketing organisation dedicated to creating, expanding and strengthening consumer and trade markets for platinum jewellery, presents its review of Q4 2020. Since PGI was founded in 1975, platinum jewellery has contributed to over 80 million ounces of demand. PGI is headquartered in Hong Kong and has offices in China, India, Japan and the US.

Many of the proposed diamond backed Cryptocurrency schemes simply risk repeating the mistakes of history

29 march 2021

Now the diamond trade is awash with stories of new “diamond backed” crypto schemes. Maybe crypto today is what was for us the tech boom of the late 1990’s; ignore it and you miss making a fortune. But basing a crypto product on diamonds risks creating the same underlying problems we had when diamonds became The Investment of choice in the 1970s. Even if high inflation (the root cause of the move into hard assets in the 1970’s) isn’t the same threat today, using diamonds to back a crypto product has great potential to cause lasting harm to the diamond market, just as the events of the 1970s did then.  

Strong comeback of the diamond industry

22 march 2021

The diamond industry, which bounced off the bottom in July and August last year, received a strong support from the strong holiday jewellery sales, and in 2021, it is ready to compete in the growth rates with other beneficiaries of the global economic recovery from the COVID-19 pandemic. January-February 2021 again proved to be successful for all segments of the ‘diamond pipeline’ as the diamond miners demonstrated the record sales, the midstream margins grew amid high diamond prices, and jewellery sales exceeded all expectations. The diamond inventories in the pipeline are at their lowest in 7-8 years, which prompts the diamond cutters to buy heavily while the consumer demand is supported by the US stimulus package. The confidence in the market stability allows the diamond miners to raise prices for rough diamonds that have already returned to their pre-crisis levels, as well as to speed up resuming the operation of the mines that were under care and maintenance last year.

Diamonds vs coloured gemstones

15 march 2021

Rough&Polished correspondent Sergey Goryainov sat down for a talk with Professor Andrey Ametistov, a Russian gemologist to discuss similarities and differences between the diamond market and coloured gemstones market.

Blessing in disguise: pandemic and a new interest in diamonds

08 march 2021

The period 2020-21 of the global diamond and diamond jewellery industry could be termed as the most trying and arduous ever faced in recent times. When COVID-19 made its appearance, the diamond industry as part of the luxury sector was majorly impacted, due to lockdowns, travel restrictions and other hurdles. This, in turn, resulted in demand for diamond and diamond jewellery becoming localized which again put a brake on the growth of the industry globally, negatively impacting the economies of most countries. But, the diamond industry, slowly and surely, returned to a strong position towards the 2020 year-end, bring the much-needed cheers and confidence across global.

Growth Momentum in Recovery as We Review 2020

01 march 2021

In the first half of 2020, the COVID-19 swept through the world against our expectations. In the second half of 2020, the market recovered faster and better than we thought. In the gloomy year of 2020, we do see the dawn of light and strength.