TAGS sells $20mn rough diamonds at tender in Dubai

Trans Atlantic Gem Sales (TAGS) sold $20.9 mn worth of rough diamonds during a tender it held in Dubai this month.

Today

Lithoquest completes first phase of drilling at North Kimberley

Lithoquest Diamonds said it has completed phase one of the 2018 drill programme at its wholly-owned North Kimberley Diamond Project, in Western Australia.

Today

Rio Tinto celebrates opening of new diamond pipe at Diavik

Rio Tinto celebrated on Aug 20, the opening of a fourth diamond pipe, known as A21, at the remote subarctic Diavik Diamond Mine in Canada.

Yesterday

XI IJA Conference to gather the leaders of jewellery sector in Moscow

XI International Jewellery Academy Conference (IJA), the biggest business event for the heads of jewellery companies, will be held on September 24 in Moscow at the "Kosmos" Concert Hall.

Yesterday

Lucara subsidiary collaborates with diamond technology developer

Lucara Diamond said its subsidiary Clara Diamond Solutions has inked a collaboration agreement with Sarine Technologies, a diamond industry technology developer.

Yesterday

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…

Pangolin Diamonds using termites to find kimberlite indicators in Botswana

30 july 2018

It is not a secret that the rate of kimberlite discovery in Botswana has dropped considerably and research has shown that termites can help diamond explorers have an understanding of the transport mechanism of kimberlite indicator minerals from the kimberlite to the surface. Studies have also shown that the concentration of indicator minerals at surface was directly dependent on the physical characteristics, capabilities and behavioural patterns of termite species common in the exploration area. Pangolin Diamonds chief executive Leon Daniels told Rough & Polished’s Mathew Nyaungwa on the sidelines of a mining conference last month in Gaborone that the company has for the past few years been using termites in its diamond exploration activities. He said they were starting to see results, although it will take some time before they make some discoveries.

In another fifty years, we’ll have a different scale of valuation, and all those items of natural origin – including diamonds – will sharply increase in price

24 july 2018

Within the framework of the Qatar-Russia 2018 Year of Culture, the World Diamond Museum hosts an exhibition of the Qatar Museums at the State Historical Museum in Moscow – "Pearls: Treasures of the Seas and the Rivers," that opened on 11 July 2018. Alex Popov is a founder and the Chairman of the World Diamond Museum. He spoke to Rough & Polished about this event.

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.

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