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

Indian diamond industry: Looking forward

22 february 2021

As of now, with the markets opening worldwide after the COVID-19 lockdown, the gems and jewellery industry seems to be in recovery mode and exports have begun to markets in the United States, China, Hong Kong, Europe and other countries. The Indian diamond industry is optimistic about exports picking up after lockdown, as there are initial signs of recovery from markets in the US, China and Europe… and export orders have seen a steady rise over the past 4-5 months. The gems and jewellery export units are working in full swing and trade is getting back to normal recovery of exports.

The ‘Godfather’ of the USSR diamond industry: a portrait against the background of the era

15 february 2021

Exactly 80 years ago, in 1941, the Uralzoloto Trust’s Teplogorsk diamond mine began its commercial diamond mining at the placer deposits of the Western Urals. That was the birth of the USSR diamond industry. This industry had an undeniable ‘father’ whose personality and biography are so extraordinary that he must not escape our attention in connection with the glorious anniversary.

Vast Resources waiting for Godot in Chiadzwa?

08 february 2021

AIM-listed Vast Resources said in September 2019 that it had concluded a joint venture with Chiadzwa Mining Resources, a company designated to represent Chiadzwa Community interests in the Chiadzwa Community Diamond Concession. The joint venture resulted in the establishment of Katanga Mining, which will in turn partner with the Zimbabwe Consolidated Diamond Company (ZCDC) to mine diamonds in Marange.

Polished diamonds for investor: Is it so rewarding to buy them?

01 february 2021

Among many surprises brought by 2020, there was an unprecedented surge in the interest of the Russian residents in the stock market as the number of brokerage accounts increased from 4.2 to 8.8 million. The trading volume in the stock market hit an all-time record to double the 2019 result. But the main interest of the Russian investors was focused on the foreign, primarily, US issuers. Through the portfolio investments, the Russian residents transferred $10.2 bn abroad, which is 5 times more than in 2019. The beneficiary of this process was the St. Petersburg Stock Exchange that offers over 1,500 most liquid foreign instruments to the Russian investors and increased its turnover from $5 bn to $25 bn in 2020. The main reasons that the Russian residents prefer the assets in US dollars are clear. This is, first of all, the desire to indemnify from the depreciation of the rouble and diversify the portfolio through the instruments that are completely absent or underrepresented by the Russian companies. For example, in the pharmaceutical sector that looks especially attractive due to the COVID-19 pandemic, the Russian counterparts of Pfizer, Merck or Johnson & Johnson simply do not exist. The same can be said about a dozen more sectors of the economy - unfortunately, the Russian stock market is catastrophically narrow in comparison with the US one. Jewelry retail also belongs to such sectors. There are no Russian issuers here, and the St. Petersburg Stock Exchange offers the investors the shares of the US-based Signet Jewelers Limited (NYSE: SIG), the largest diamond jewelry retailer, which have been showing very interesting dynamics lately.

Moscow Jewelry Week: Wishful thinking or a reality?

25 january 2021

As they write now in every article about the jewelry business, the past 2020 turned out to be very difficult for the jewelry industry throughout the world. The drop in sales, the restrictions of flights, the bans, other restrictions and the cancellation of all exhibitions made all the jewelers look at their business and its prospects in a different way. A lot has already been written about this, and there will be written even more. In this article, I would like to dwell on such a very topical issue for the Russian jewelers as the Moscow exhibitions. Despite the fact that our NS CNC company does not directly conduct business in Russia, however, for many years, I have to visit the main Moscow Junwex Exhibition held at the VDNKh (Exhibition of National Economy Achievements) every year in autumn and I visit sometimes the Junwex Exhibition held in St. Petersburg where our machines are usually exhibited. My opinion is that of an outside observer.

Trust between industry and indigenous communities - from myth to reality

18 january 2021

On January 1, 2021, the diversified mining giant Rio Tinto officially changed its CEO. Jakob Stausholm took up this high position. The unplanned rotation was caused by the destruction of an ancient Aboriginal sacred cave in the Juukan Gorge. Most of the assets of large industrial companies are located close to indigenous communities. Thus, the active industrial development of natural resources in different parts of our planet cannot but have an impact on the indigenous minorities living in these areas.
At present, giant companies in the global industry are increasingly focused on the trust between the local communities and business, on the ‘green economy’, sustainable regional development, and in particular, on strengthening the local communities’ role in the business development. In this regard, the companies are increasingly aimed at attracting the local people to their business, strengthening their relations with the native population. They set themselves the task of preserving the local ethnic groups and national heritage.

Indian diamond industry in 2020

11 january 2021

It’s been a tough year for all and sundry. And would be an understatement to say the year 2020 was not exactly the best of time for the Indian diamond industry as well. But, it is a known fact that the diamond industry has weathered many a storm during the past many decades. Known for its resilience, the Industry has faced every crisis over the years with grit and courage, returning stronger each time. To put it simply, the Indian diamond industry is a survivor! One also cannot say that COVID-19 pandemic’s impact on the industry hit it so hard and brought it to its present state. It partly did, but it’s was a ‘double whammy’. The Indian industry was already going through a slow phase with multiple issues affecting the diamond business. And the spread of Coronavirus globally only added to the existing problems.

How diamond junior companies in Africa responded to the COVID-19 pandemic

04 january 2021

The diamond industry commenced the 2020 year on a very positive note having faced a challenging 2019. There was an improved sentiment in the global rough diamond market with a pick-up in mid-stream demand and rough prices. However, the positive sentiment was short-lived as the COVID-19 pandemic caused widespread uncertainty and disruption across the world. To curb the spreading of the virus, governments across the globe introduced lockdowns and closed their borders. This resulted in several diamond operations being mothballed or had their production capacity reduced late in March or early April 2020. In this article, I explore how junior diamond miners with operations in Africa, are doing or have done to preserve their businesses amid the COVID-19 pandemic and how successful (or lack thereof) are they?

Pandemic Could be Catharsis for Diamond Industry

28 december 2020

While the pandemic brought about an unprecedented shock to the whole diamond value chain in 2020, in a way it may also have acted as a catharsis of sorts for an industry that has been struggling to regain footing in recent years, in part due to a misalignment of supply and demand.

What polished diamonds and Zoom have in common?

21 december 2020

The diamond industry, which was hit hard at the first stage including due to transport restrictions, suddenly, looks like a beneficiary of the COVID-19 pandemic towards the end of the year. The lifting of strict quarantines triggered a ‘broken-down’ diamond trading mechanism, as the sightholders were able to fly to Antwerp or Moscow to view and buy their goods. At the same time, global travelling is at a very low level due to a sharp increase in the COVID-19 infections, and restaurants are closing or restricting attendance. In the run-up to the holidays, a significant portion of the funds that should have been spent on travelling or dining out may be spent to purchase diamond jewellery.