De Beers rough sales slide again

Anglo American said the value of rough diamonds sold by De Beers dropped to $475 million during the eighth cycle of 2018 compared to $503 million recorded in the seventh cycle.

Today

Rio Tinto’s diamond production dips in Q3 2018

Rio Tinto has announced that production in its Argyle Mines (100%) and Diavik Mine (60%) have dipped during the third quarter of 2018. Argyle witnessed a 19% dip in carat production y-o-y.

Today

GJEPC Jaipur hosts exporter interaction with bank and customs officials

The Jaipur regional office of The Gem & Jewellery Export Promotion Council (GJEPC) hosted an "Industry Interaction with Banks" on Friday, October 12 as part of its event series ‘The Dialogue - A New Beginning’, says a report in gjepc.org...

Yesterday

Angola denies abusing illegal foreign diamond miners

Angola has refuted reports that its security forces failed to observe human rights when they conducted an operation to drive out foreign illegal artisanal diamond miners in the Lunda Norte province bordering the Democratic Republic of Congo.

Yesterday

Gem Diamonds recovers 357 ct light brown stone from Letšeng

Gem Diamonds said it has recovered a 357 carat light brown ‘high quality’ diamond from its 75 percent-owned Letšeng mine in Lesotho.

Yesterday

An alliance between a diamond producer and a diamond manufacturer in Russia is simply inevitable and necessary

15 october 2018

What is a diamond manufacturer’s margin composed of? What is the profession of diamond processing engineer about? How much time does it take to become a diamond cutter? How does a polishing factory work? The Russian Cut, is it alive? Lightbox from De Beers, what is it and why? Why do diamonds make banks feel edgy? What are the signs of a “diamond bubble” in the market? Maxim Shkadov, CEO of Kristall Production Corporation, Russia's oldest and largest diamond manufacturing business, sat with Rough&Polished to tell about all this and many other things.

High technologies make it possible to create a product that can be obtained in natural stones only for very big money

08 october 2018

Andrey Zharkov, having left the position of President at diamond mining company Alrosa, has established and headed the Ultra C company, which will be engaged in the production of diamonds from the reactor. In this interview with industry news agency Rough & Polished, he talks about prospects for the market of man-made diamonds.

The once unorganised domestic jewellery sector in India is now growing

01 october 2018

A veteran businessman, former Chairman of Gem & Jewellery Council (GJC), Bullion Expert, a third-generation jeweller born with a silver spoon (or was it gold?) in his mouth, a perpetual optimist … yes, the list could go on. As the first Chairman of GJC, Ashok Minawala was instrumental in tackling issues that cropped up with the government on policy matters, which eventually helped the otherwise unorganized domestic jewellery sector in India. Here, Ashok takes you down memory lane, from his teenage days to the present. Today, the 4th generation has taken up the reigns and Ashok reminisces his earlier days in the jewellery business with immense satisfaction.

India is poised to become a major fine jewellery market in the near future - Pramod Agrawal, Chairman GJEPC

24 september 2018

Pramod Kumar Agrawal, the current Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a successful entrepreneur in his own right. Despite belonging to a jewellery business family, with his father dealing in gemstones and gold jewellery, Pramod Agrawal’s aspirations were to go solo and start his own business venture. The year 1986 saw Agrawal begin a small silver jewellery business with one artisan… with a single customer to cater to. But, that was just the beginning and there was no looking back. Over the years, under Agrawal’s leadership and guidance, the small firm grew by leaps and bounds and has now evolved into a multi-vertical company. Today, Pramod Agrawal is the Chairman of Derewala Industries Limited, a Jaipur based conglomerate employing 1500 people across 4 unit, producing and supplying gold jewellery, silver jewellery, and imitation fashion jewellery in India and abroad. Agrawal has been a Member of Committee of Administration in GJEPC for many years and was the Regional Chairman of GJEPC – Rajasthan Region before getting elected as Chairman at the National level. He has also managed the GJEPC’s institute ---Indian Institute of Gem and Jewellery (IIGJ), Jaipur--- for almost 5 years as its Chairman. During his tenure as Chairman IIGJ, he successfully garnered the support of the Government in getting the hostel building constructed. Today, the campus of the IIGJ, Jaipur is the largest campus among all IIGJ’s in the country. Apart from this, he was associated with other trade bodies like GJC and Jewellers Association, Jaipur. During his term as convener of the Jewellers Association Show – JAS, the show achieved many landmarks. A staunch believer in the advantage of a cordial and healthy relationship between the industry and the government, Agrawal expresses his faith in the Indian government to work out an industry-friendly policy for the country’s G&J industry. Here, in an interview with Rough & Polished, Pramod Agrawal speaks about the Indian G&J industry’s challenges and issues but not before taking pride on its growth and inherent resilience.

Color diamonds are more valuable and desirable and a better investment

17 september 2018

In 1993, Eyal Cohen started his career as a diamond cutter, sitting by his father’s side as an apprentice. 4 years later, he was recruited by a jewelry firm, where he learned to appreciate natural colored diamonds. In 2003, Eyal opened his own company, Luxury Diamonds Inc, which services wholesale jewelers, investors, private individuals and retail jewelry stores. Eyal specialises in a vibrant collection of loose diamonds and mounted jewelry pieces. The handcrafted pieces feature colorless and well as rare and unique natural fancy color diamonds. Here, Eyal Cohen speaks eloquently about his early days in the industry, as well as mentions his diamonds and jewelry designs that are breathtakingly beautiful.

Debate on the main issues affecting the diamond business is absolutely critical - Ernie Blom

10 september 2018

Having taken part in the fruitful discussions with the world leaders at the Asian Summit held recently in Vladivostok, Ernie Blom, President, World Federation of Diamond Bourses (WFDB) now looks forward to taking the worthy inputs received at the Summit and the Executive Committee Meeting for further growth of the diamond industry. The WFDB, with 28 bourses around the world affiliated to it now, was created in 1947 to protect and advocate the sustainable development of the diamond cutting industry and the market. Here, in an Interview with Rough&Polished, Ernie Blom, while steering the organization amicably, expresses confidence in the world diamond industry, reiterating his hope to take forward the role of the WFDB on the global stage.

Reflecting the nature of the industry, US jewellery market is significantly seasonal with great ‘ebb and flow’ in demand, opines Vin Lee

27 august 2018

Vin Lee, CEO of Beverly Hills-based Grand Metropolitan, a privately-held luxury goods holding company had migrated from Canada as a child. And one can see that it did not take him long to ascend the US luxury world, establishing himself as a formidable businessman today. Besides his businesses, he monitors his companies' participation in charity auctions, celebrity events, and red-carpet functions. Constantly on the move, he spends his time in South Florida and Southern California. In an interview with Rough & Polished, Vin Lee offers his views on the US jewellery market, synthetic diamonds, etc., very candidly… straight from the heart.  

Vladimir Zboykov: New times have come for jewelers

20 august 2018

How a personal collection of minerals was thrown on the scrap-heap, who is behind the destruction of gemstone consumption culture in Russia and why jewelers will soon have to choose between business and prison – all this was told to Rough & Polished by Vladimir Zboykov, Executive Director of the Sectoral Department for Precious Metals and Precious Stones at Business Russia, an all-Russia public organization.

Changing preconceptions in the diamond and financial markets

13 august 2018

Eli Avidar is a man on the move…literally. In April, the former Israeli diplomat stepped away from the CEO’s office at the Israel Diamond Exchange, a position he had held for more than two years, and from the Israel Diamond Institute, where he had been CEO for more than a decade. Two months later he was named President of Carats.io, a Fintech startup that has created the worlds’ first digital currency wholly backed by gem-quality diamonds. As Israel Diamond Exchange CEO, Avidar was closely involved held in the establishment of Carats.io, which until June had formally been associated with the bourse. Here Eli Avidar speaks with Rough & Polished about the recent developments.

Chasing a dream…

06 august 2018

Elina Chan, MD of Shenzhen Shi Qing Yu Zhubao Ltd completed her higher education from Xiamen University and Master’s degree from Hong Kong University. To achieve her dream to start a business, Elina gave up numerous job opportunities in Hong Kong and moved to Shenzhen where she founded her company. Striving hard for 6 years to provide good quality products and services, her company has now earned an extraordinary reputation in the industry. Elina started her business aiming to excel in e-Commerce and also supply customized products to jewellery connoisseurs. When not running her business, she spends ample time teaching ‘Chinese’ as a second language to foreigners. Here, in an Interview with Rough&Polished, Elina takes us through her ‘voyage’ to achieve her dream with elan…

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