Lab-grown diamond jewellery sales to breach the 10% mark for the first time this year – Zimnisky

The supply and demand for man-made diamonds had been on an increase in recent years, much to the discomfort of the natural diamonds industry. Some companies in the mid-stream segment of the natural diamond industry are now involved in the lab-grown business...

28 november 2022

Diamond mining and diamond synthesis: Which is more efficient?

Vladislav Zhdanov - Professor at the National Research University Higher School of Economics and former Vice President of ALROSA (2015-2018). He is a physicist by profession. Vladislav Zhdanov was educated at the Ural Federal University (General...

21 november 2022

The success of TAGS over the past 5 years has encouraged many large tender houses to establish regular and sizeable tender operations in Dubai

Mike Aggett is an experienced Private Consultant with a demonstrated history of working in the mining and metals industry. Skilled in Luxury Goods, Business Planning, Sales, Gemology, and Jewelry, Mike is a professional who graduated from Dover College...

14 november 2022

It all starts with stones - it is they that give impetus, determine the image and embodiment

Maxim Selikhov is the founder of the SelikhoV Diamonds brand launched in 2006, and the company manufactures unique handmade jewellery with rare high-quality gemstones. He is also known as a collector of unique and large-size jewellery stones who considers...

07 november 2022

‘Our technologies – CVD machines and growing technology – are game changers’, asserts Arnaud Flambeau, Executive Chairman, 2DOT4 Diamonds LLC

Arnaud Flambeau is the Executive Chairman of ‘2DOT4 Diamonds LLC’, Dubai, a fully integrated lab-grown diamonds company. The Company provides rough 'as grown' diamonds, in-house polished IGI certified loose polished diamonds and high-quality...

31 october 2022

“De Beers visited me in the spring…”

25 april 2022

One hundred years ago, in the spring of 1922, Leonid Krasin, the People’s Commissar (Minister) of Foreign Trade of the RSFSR, wrote a letter to the Bolsheviks’ leader Vladimir Lenin about the Soviet Russia’ situation in the diamond market, in which, in particular, he stated that “... De Beers visited me in the spring and reproached us for completely spoiling the market because of the Comintern sales and forcing it to shut down the mines in Africa. The company offered to arrange a syndicate, not to sell in small quantities, but to sell all stock through it, and promised to grant a loan against security. Not knowing whether we had a large stock in the Gokhran or whether everything had already been sold out, I did not give a definite answer and dragged out the negotiations... As soon as I definitely know that there are a lot of valuables and that they will not “leak away” and will not be sold by non-professionals, a syndicate can be organized ... However, it is not safe to immediately export the entire quantity abroad: in case of cancellation of the trade agreements, they can lay their hands on the valuables. I think to keep the quantity of stones for no more than 30-50 million and replenish as they are sold”.

Geopolitics And The Future Of Trade

18 april 2022

As I write, it is the 31st March 2022, and the closing ceremonies of Expo 2020 Dubai are taking place. Having visited and hosted many guests and dignitaries over the past six months, I have not only been overwhelmed by the ingenuity and variety of the exhibitions, pavilions and shows, but the congregation of people and nations who have proudly participated to present the best of what each has to offer.

The life of jewellers under sanctions: what will it be like?

11 april 2022

On February 24, 2022, the jewellery business, like any other business in Russia, was divided into “before” and “after”. Without an actual suspension of the circulation of the main currencies (dollar and euro), the events led to the de facto return of the currency status to precious metals, primarily gold. While before February 24, jewellers considered gold exclusively as a raw material for jewellery manufacturing, after this date, Russian jewellers have to reckon with the virtually new status of this precious metal.

Indian diamond industry to log annual growth rate of 5-7 per cent over the medium term

04 april 2022

The diamond industry in India has survived many upheavals since its humble beginning sometime in 1966, but always survived them only to become stronger and more resilient. Today, some of the world’s largest diamond companies are Indian including 33 accredited buyers and many other contracted buyers of the world’s major diamond producers. Indian diamond companies own and operate diamond-polishing facilities in Botswana, Namibia, China, Vietnam and many other countries across the globe. The main Indian diamond cutting & polishing centre in Surat presently employs more than 0.8 million artisans and other employees and manufactures 14 out of 15 diamonds in the world. So, when the geopolitical situation in Russia began over a month ago, it was not surprising for the Indian diamond industry to be concerned as the Russian miner ALROSA was a rough diamond supplier to the Indian industry. Being known as the diamond manufacturing centre of the world, the Surat sector was apprehensive initially. But, known for its resiliency the Indian industry soon found its footing and organized itself to run the sector without any hindrances, especially in the rough supply area.

PGMs overtakes iron ore as the key driver for Anglo core earnings

28 march 2022

Anglo American recently released its financial report for the year 2021, which showed that its underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by $10.8 billion to $20.6 billion in 2021 compared to $9.8 billion in 2020.

Rough diamond supply/demand imbalance pushing prices higher

21 march 2022

Diamond producers reduced their production by 20% in 2020 from 2019 levels to 107 million carats, according to ALROSA. “The natural decline amid planned decommissioning of large, depleted deposits was exacerbated by COVID-19 and consequent lockdowns,” it said in a market analysis last year. “A key milestone for the entire diamond industry was the closure of Australia's Argyle mine in November 2020, which accounted for up to 10% of global diamond production.” Data released by Bain & Company shows that rough diamond prices fell 7% in 2019 and 11% in 2020.

Palladium is at the peak again but this victory looks like a Pyrrhic one

14 march 2022

Commodity prices skyrocketed in late February this year in response to a military escalation in the Ukraine that could result in wide-ranging sanctions against Russian exporters. Russia’s Norilsk Nickel, the largest palladium producer, like its main beneficiaries, is not included in the sanctions list, but faces serious restrictions in the sale of its products. The ban on flights over Europe has made it difficult to ship metal, which is usually transported by passenger airplanes. Fears of a sharp deterioration in the availability of the metal pushed palladium prices up, which have skyrocketed nearly 60% since the start of 2022, to $3,000 an ounce, nearly reaching their May 2021 peak.

Diamond market and war: A historical aspect

07 march 2022

Historical analogies are not a very reliable analytical tool, but sometimes, they make you think about the motives of conflicts, the understanding of which may be more important and more interesting in the long term than up-to-date operational forecasts.

Mining with a female face

05 march 2022

Yesterday, the Krasnoyarsk Economic Forum, which traditionally discusses the economic development prospects of Siberia, completed its work in Krasnoyarsk, Russia. Rough&Polished's Editor in Chief of the African Bureau, Mathew Nyaungwa participated in the forum online panel session, "Global Trends in Human Capital." This article is a result of opinions and information exchanged between experts.

GJEPC weighs the impact of events in Ukraine on Indian diamond industry

02 march 2022

Colin Shah, Chairman of the Gem & Jewellery Export Promotion Council, India (GJEPC) commented below the impact of the US sanctions imposed on Russia, which could affect the Indian diamond industry, as per a note sent by the GJEPC to Rough&Polished.