Anjin ‘grabs most lucrative diamond claim’ in Marange – report

Anjin Investments has allegedly taken control of the most lucrative diamond claim in Marange from the state-owned Zimbabwe Consolidated Diamond Company (ZCDC). Anjin is a joint venture between China’s Anhui Foreign Economic Construction Company...


Geneva court finds Israeli tycoon Steinmetz guilty sentencing to 5 years in jail

Israeli mining tycoon Beny Steinmetz was found guilty of bribing Guinea officials close to former president Lansana Conte, to give him access to an iron-ore mine for a mere US$200m, now valued at US$5bnb, a Geneva judge ruled, sentencing Steinmetz to...


Geological exploration going on at Luaxe in Angola

Guided by Decree 192-A / 20 issued by the President of Angola on 23 July 2020, the local executive authorities gave their permission to go on with exploration work at the Luaxe Diamond Field to increase government revenues, create jobs and promote national...


Diamond industry, prices continue to strengthen – Lucapa

Lucapa Diamond, which mines in Angola and Lesotho, says the consumption and strong demand that saw the diamond industry begin its recovery in the third quarter of 2020 and during the festive period, has continued into 2021.


Botswana Diamonds raises £363k to fund exploration activities

Botswana Diamonds arranged a placing with existing and new investors to raise £363,000 through the issue of 60,5 million new ordinary shares for 0.6p each.


“With technology all information is immutable and Blockchain cannot be compromised,” reassures Erik Jens, CEO, LuxuryFintech


When Erik A Jens quit ABN AMRO as global CEO of its diamond and jewellery client division, he started his movement called LuxuryFintech, which provides services such as commercial and corporate banking solutions for the art and jewelry sector, and asset-backed finance solutions for art and jewelry sector with blockchain solutions and many more. As Founder/CEO of LuxuryFintech, Erik Jens is involved in various projects and initiatives related to finance and provenance matters in the jewellery sector as well as the art sector. He comes armed with professional experience in banking, financing and investments; and specialized in private wealth management solutions, investments in hedge funds, private equity and real estate industry. Here, in an interview with Rough&Polished, besides spelling out the nuances of fintech business, Erik provides some very crucial updates on some of the most recent developments in the luxury fintech sector.

Diamonds across time

18 january 2021

Not so long ago, the global library of professional publications on precious stones was replenished with a unique book about rare diamonds and diamond jewelry published by the World Diamond Museum. Alex Popov, the founder and director of the museum told Rough&Polished about how this book came to life, its concept and future projects within the diamond industry.

Academician Pokhilenko: The situation with rough diamonds in the Russian Federation will start changing for the worse as early as 2025

11 january 2021

Nikolai Petrovich Pokhilenko, Academician of the Russian Academy of Sciences (RAS), Deputy Chairman of the Siberian Branch (SB) of the RAS, Scientific Director of the Institute of Geology and Mineralogy of the SB of the RAS, is a prominent scientist recognized in the world scientific community. In 1998, Nikolai P. Pokhilenko became the discoverer of the largest new genetic type diamond deposit in the northwest of Canada, for which he was awarded the International Hugo Dummett Diamond Award in 2007. In the 1990s, Pokhilenko showed his knowledge and talent when forecasting three new diamondiferous areas in Yakutia. From 2007 through 2012, he was the Director of large audit and evaluation projects in the Siberian Platform within the framework of the government contracts with the Ministry of Natural Resources of Russia and Rosnedra (Russian Federal Agency on Subsoil Use), which made it possible to substantiate new forecast diamond resources of 145 mn carats in the region. In this interview with Rough&Polished, N. P. Pokhilenko shares his views on the prospects for the diamond mining in Russia.

Ilgiz Fazulzyanov: For a creator, the quarantine is the time to work on future masterpieces

04 january 2021

Ilgiz Fazulzyanov is a successful and internationally recognized jewellery designer. He received his academic art education in Kazan and moved to Moscow in the 1990s where he lives and works now. His brand, Ilgiz F., is well known among true connoisseurs of the jewellery art, and his clients include many celebrities. He won numerous prestigious international jewellery competitions, worked with the Christie’s and Bonhams auction houses. He is the only Russian designer jeweller now who has the honour of exhibiting and selling his works at Christie’s in London. The Fazulzyanov’s works, mostly in the Art Nouveau and Art Deco styles, were exhibited twice in the Kremlin’s Diamond Fund, and in 2016, his solo exhibition was held in the Kremlin Museums - from his earliest works to today’s ones (his exhibition ranked second in the number of visitors, the Cartier’s one ranked first). His jewellery was purchased for the collection of the Kremlin Armory and by the museum of the Van Cleef company where he gave a lecture on enamels. In 2017, he opened his own Ilgiz F jewellery gallery at the Art Residence, where exhibitions of works by contemporary jewellers are held, including the annual Jewellery Winter exhibitions traditionally bringing together the top famous designers. In November, the third edition of Jewellery Winter was held, about which (and many other things) Ilgiz Fazulzyanov told the Rough&Polished correspondent.

Botswana Diamonds keen to mine KX36 kimberlite if found commercial

28 december 2020

Botswana Diamonds intends to mine the KX36 kimberlite, which it recently acquired from Petra Diamonds if found commercial. The high-grade KX36 kimberlite pipe is part of the three Prospecting Licenses in the Central Kalahari Game Reserve in Botswana held by Sekaka, which was an exploration vehicle in Botswana for Petra Diamonds. The diamond exploration company managing director James Campbell told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that they will consider partnering with another company to share the risk.

‘We expect to completely open the Bourse for business by Q1 of the Year 2022,’ assures Vallabhbhai Patel, Chairman, SDB

21 december 2020

Vallabhbhai Patel, Chairman of the Surat Diamond Bourse, dreamed of building the world’s largest commercial building in Surat for the Indian diamond industry. He conceptualized the ‘Surat Diamond Bourse’ (SDB), which is set to redefine the potential of the Indian diamond industry going forward. Vallabhbhai looks towards SDB to play an important role in turning Surat into the world’s largest manufacturing and trading DIAMOND HUB in a short period. Having entered the industry over four decades ago, Vallabhbhai Patel is the Founder of Kiran Gems. An astute businessman, he is the driving force behind Kiran Gem’s emergence as a global leader in diamond manufacturing. In an exclusive interview here with Rough&Polished, Vallabhbhai Patel speaks about the upcoming SDB, which the Indian diamond industry looks forward with great anticipation.

An opportunity to show your products and occupy your niche

14 december 2020

Recently, GOLDNET.MARKET, the first jewellery wholesale marketplace, appeared on the Russian jewellery market. Vladimir Pilyushin, one of the founders of GOLDNET.MARKET, editor-in-chief of the ‘Russkyi Yuvelir’ (Russian Jeweller) magazine, told the industry news agency Rough&Polished about this new effective tool for solving the problems of the jewellery market players under the new conditions.

Paul Zimnisky attributes diamond market recovery to holiday demand

07 december 2020

The diamond market started the year on a high note before the COVID-19 pandemic wreaked havoc beginning March. Demand for diamonds had been on a rebound since last August and this has been due to stable consumer demand for diamond jewellery at the retail level in the US and China. Industry expert, Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa that the positive trend can also be attributed to holiday demand that has been making its way through the supply chain coupled with many manufacturers being understocked due to the pandemic and related supply-chain challenges. He said although the pandemic has hurt demand for most of 2020, when it comes to holiday shopping, diamonds, jewellery and other material luxuries, could actually outperform as people will not be giving a lot of experiential gifts as they have in recent years.

Sourcing of rough in India through online tender system helpful amid COVID situation

30 november 2020

Dinesh Navadiya, the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India has been appointed the President of The Southern Gujarat Chamber of Commerce & Industry (SGCCI). He is also the Director on the Board of the Gem & Jewellery Skill Council of India (GJSCI); Director on the Board of Indian Diamond Institute (IDI). Navadiya has also served as the President of Surat Diamond Association (SDA) for 7 years, representing industry matters to Government bodies for the welfare of MSMEs in Gujarat State. A graduate in Economics, Navadiya also holds a Master’s Degree in Social Work (MSW) from Gujarat Vidyapith, Ahmedabad. A diamantaire in his own right, Navadiya is a partner in Tiku Gems. Here, in an interview with Rough&Polished, Dinesh Navadiya expresses confidence in the Indian diamond industry’s revival by overcoming the current difficulties. His encouraging picture of Surat’s resilient cutting and polishing sector gives hope of the Indian diamond industry returning to its former glory.

Cultivating demand for natural diamonds

23 november 2020

CIBJO, the international jewellery confederation, hosted a webinar last month on cultivating demand for natural diamonds. CIBJO had been holding a series of webinars on the impact of the COVID-19 pandemic. The webinar examined ways to cultivate demand for the natural stones and looked at the history of diamond marketing, among other things. Asked to qualify the differences between diamond category marketing and diamond jewellery brand marketing, Natural Diamond Council (NDC) chief executive David Kellie said the difference is that the natural diamond industry is unusual.

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