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The RAS net income of PJSC ALROSA in H1 grew by 19% to 52.2 bn rubles

PJSC ALROSA, ALROSA’s head company, has published the Russian Accounting Standards (RAS) results of H1, 2018.

Today

New large diamond deposits found in Yakutia

According to TASS, 13 new high grade diamond deposits were reportedly found in Yakutia, Russia.

Today

Second Bharat Diamond Week to Take Place in October

The Bharat Diamond Bourse (BDB) announced that the second edition of Bharat Diamond Week will take place from October 8-10 at BDB in Mumbai, India.

Today

Polished diamond exports from India up 5% in June

Polished diamond exports from India rose by 5,07% in June, 2018, as compared to a year earlier. Total exports from the gem and jewellery sector increased only by 0,9% in the period under review.

Today

ALROSA has taken the leading position internationally in total shareholders returns index according to Boston Consulting Group

ALROSA, the world’s largest mining company, was ranked second among international mining companies with market capitalization of more than $4 bn  in total shareholder returns (TSR) rating “The leaders of value adding 2018” of Boston...

Yesterday

Botswana Diamonds’ Campbell on Zim jaunt: We are interested in Kaapvaal Craton

09 july 2018

Botswana Diamonds and Vast Resources, recently signed a memorandum of understanding to prospect for diamonds in Zimbabwe. The two companies will exchange information derived from past exploration on areas prospective for diamonds in the southern African country and establish a special purpose vehicle, to be jointly owned by each company, for the purpose of developing and exploiting diamond resources. Rough & Polished’s Mathew Nyaungwa spoke with Botswana Diamonds managing director James Campbell on the sidelines of a mining conference recently held in Gaborone, Botswana, to establish what pushed the diamond junior to get into Zimbabwe. Campbell also commented on the prospecting licence awarded to Botswana Diamonds in South Africa and their joint venture project with Alrosa in Botswana.

“Every Forevermark diamond has a unique inscription number which is an assurance that the diamond is beautiful, rare and responsibly sourced,” says Sachin Jain

02 july 2018

Sachin Jain, President-Forevermark, joined the company - a wholly owned subsidiary of the De Beers Group - as the Head of Retail in 2010. He was swiftly promoted to the Managing Director in 2011… to later become the President in year 2013. Sachin started his career as a young business graduate with Monks Italia that had only just launched in New Delhi. Next, he joined Benetton in 1999 as it made an entry into the Indian market. He left his position here as the regional manager, to join the Swatch Group as they were launching Tissot in India in 2002. He worked with the Swatch Group till 2007, and later spent 3 years at Lladro playing a pivotal role in the overall growth of the brand. With a career spanning 17 years at luxury goods and retail companies, Sachin is driven by his love for building businesses, teamwork and creating lasting relationships; and considers himself an entrepreneur at heart. Now, at Forevermark, Sachin effortlessly juggles multiple responsibilities whilst spearheading the business affairs of the brand. In an Interview with Rough & Polished, Sachn Jain speaks at length about Forevermark-the brand, its successful presence in India, and other industry related matters.

In a world where transparency is more and more the standard, our business must address the lab grading issue willingly

25 june 2018

Jeweler-Designer Arnaud Flambeau started his career in the jewelry business in 1993 at European Gold Company CLAL as Key Account Manager for the Jewelry Division, where he was in charge of international brands like Cartier or VCA and their subcontractors. Being in daily contact with the most high-end ateliers in the world and learning about quality and fine jewelry, Arnaud soon began working for many fine jewelry brands. Lastly, he joined Scintilla Monaco as CEO and a shareholder to develop new lines for the Asian and European markets. He opened offices in Monaco, Dubai and Tokyo and since then there was no looking back for Arnaud. He was appointed as a Board Member at the Dubai Diamond Exchange in 2007 until 2013. Arnaud finally launched his own company, Luga Jewels, in 2010 to create only bespoke products for fine jewelry connoisseurs - a desire which was close to his heart. Here, in a Q&A format, while elaborating on his business, Arnaud also speaks his mind on a gamut of issues currently faced by the jewelry industry globally.

Vallabhbhai Shamjibhai Patel tells about the ongoing construction of the Surat Diamond Bourse

18 june 2018

The under-construction Surat Diamond Bourse (SDB) is India's second diamond trading hub based at Surat, Gujarat, spread across 35.54 acres with more than 4,000 offices for national & international traders. On the onset, the project which is now set to be completed by year 2020, almost split the Indian diamond industry vertically into two. The SDB is a ‘not for profit’ organization promoted by SDB Diamond Bourse, a company registered under section 8 of the Companies Act, 2013. Heading the project as Chairman is Vallabhbhai Patel who is also the Chairman of Kiran Gems, one of the largest diamond companies in India. Here, in a Q&A session, Vallabhbhai Patel talks of the project which is taking shape as scheduled.

The strategy of regulating the Russian jewellery industry

13 june 2018

At the General Meeting of the Russian Jewellers Guild Association held in April, two principally important documents were adopted: The Strategy of Regulating the Jewellery Industry of Russia and The Charter of a Good Faith Taxpayer. Besides, the issues of restructuring the Association to become a self-regulatory organization (SRO), holding thematic conferences and roundtable discussions as well as the alteration of the Articles of the Association were discussed. In his interview to Rough & Polished, Eduard Utkin, General Manager of the Russian Jewellers Guild Association shared his views on the changes in the statutory regulation of the entrepreneurial activities in the turnover of precious metals and precious stones as well as of the alterations of the Articles of the Guild Association.

Our first priority is to better understand artisanal and small-scale mining - Elodie Daguzan

04 june 2018

The Diamond Development Initiative (DDI), the organization dealing with the traditional diamond mining, recently announced the appointment of Élodie Daguzan as its first Goodwill Ambassador. Ms. Daguzan, who currently works as head of communication and industry relations for diamantaire Rubel & Ménasché, brings with her 17 years of experience in the diamond and jewelry industry. In an interview with Rough&Polished, Daguzan spoke about the challenges she faces and the programs implemented by DDI.

Zimnisky on De Beers’ Lightbox: It’s a strategic, bold move that will benefit the entire natural diamond industry

01 june 2018

De Beers shocked all and sundry end of May when it announced the launch of a new company called Lightbox Jewelry, which will market a new brand of laboratory-grown diamond jewellery in September. This effectively meant that the group had departed from its long held position that it won’t sell synthetic diamonds. Industry analysts and the media were confounded with some openly criticising De Beers of being hypocritical and opportunistic, only to retract their statements a day later. One headline screamed: “De Beers admits defeat over man-made diamonds.” However, is it the case? Independent diamond industry analyst Paul Zimnisky thinks the opposite. He told Rough & Polished’s Mathew Nyaungwa that this was a strategic move out of necessity by De Beers on behalf of the whole natural diamond industry.

Tracking the provenance and lifecycle of a product is a natural and necessary evolution in our industry

28 may 2018

A senior executive with a demonstrated history of working globally at management and board levels, Marcus ter Haar has been the Managing Director at Okavango Diamond Company (ODC), Botswana for about 10 months now, prior to which he held the position of Deputy Managing Director for more than 5 years. Before joining ODC, he did a stint as Head of Sales & Marketing with DTC, with responsibility to deliver diamond sales to Botswana based diamond cutters and polishers and define strategies for Botswana diamond beneficiation. With a PLD from Harvard Business School; MA International Relations from Reading University and a BA Economics & Politics from University of East Anglia, Marcus has also acquired adequate experience in Governance, Risk, Business Planning, Management, and Business development in various positions over the years. Marcus is also volunteering for more than 9 years now as the Secretary and Board Trustee at Khama Charitable Trust, which is a donor and fund-raising organisation supporting the upliftment of women and children in marginalised sections of Botswana Society. In an interview with Rough&Polished, Marcus ter Haar speaks on all you wanted to know about ODC and more…

Ali Pastorini: Selling just the idea of glamour is no longer enough

21 may 2018

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain, Italy and Germany. The mission of Mujeres Brillantes is to help women in the jewelry and watchmaking sectors consolidate their business in order to exchange professional skills and experience. In the immediate past, Ali Pastorini was also Senior Vice President of the World Jewelry Hub in Panama. In this interview with Rough&Polished she tells about major trends and problems in the jewelry business.

Diamonds are shifting from occasional to daily wear

14 may 2018

Joy Alukkas started his first jewellery showroom in UAE in the year 1987, and today the Joyalukkas Group is a multi-billion global conglomerate with varied business interests. Beginning with a single jewellery room in Abu Dhabi, Joy Alukkas has grown the Group to a 140 plus jewellery showroom chain, spread across 11 countries around the world, including India, USA, UK, UAE, Singapore, Malaysia, Qatar, Oman, Bahrain, Kuwait and Kingdom Of Saudi Arabia, there is no stopping Joy Alukkas, who is called 'Man with the Midas Touch'.

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