Angolan diamond cooperatives resume exploration

Angola has allowed 16 diamond exploration cooperatives to resume their operations that were halted last September during the country’s "Operation Transparency", according to local news reports.

Yesterday

Petra Diamonds may take 5-10 years to clear Cullinan debt – report

Petra Diamonds, which acquired the Cullinan mine from De Beers in 2008, said it will take between five and 10 years from the opening of the new section to clear the debts related to the South African mine.

Yesterday

No need for gemologists at DTC Botswana, Okavango Diamond – official

Botswana does not need gemologists at Diamond Trading Company Botswana (DTCB) or Okavango Diamond Company (ODC) as they are not involved in polishing and cutting of diamonds, a government official has said.    

Yesterday

GJEPC presents The Artisan Jewellery Design Awards 2019

The Gem&Jewellery Export Promotion Council (GJEPC) presented The Artisan Jewellery Design Awards 2019 powered by GIA (Gemological Institute of America) and co-partnered by the DPA (Diamond Producers Association) on Feb 13, the...

Yesterday

‘Qatar Show’ embraces evolution and growth for the 2019 edition

Organisers of the Qatar Show have announced the 16th edition of the exhibition, which will be held between 20 and 25 February at the Doha Exhibition and Convention Center (DECC).

Yesterday

Indian gem and jewellery manufacturers have the skill and capabilities to cater to any market in the world

11 february 2019

Besides spearheading the “White Paper” last year, Colin Shah, Vice Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) has been actively involved in the initiatives of the Council like MyKYCBank and many more… A first generation jeweller and an astute businessman who learnt the ropes of the diamond business at age 17, Colin Shah went on to establish his own company Kama Jewellery in the year 1996. Today, Colin Shah is the Managing Director of Kama Schachter Jewelry Pvt. Ltd.  His recent foray into jewellery retail is another step to pursue his passion for diamond jewellery. His offline and online retail presence go by the parent company’s name – Kama Jewellery. In an Interview with Rough & Polished, Colin Shah- GJEPC’s Vice Chair, talks about the initiatives by the GJEPC; and on the current challenges before the Indian G&J industry.

The Indian gems and jewellery industry was progressing in the past and will certainly progress in the future

04 february 2019

Dinesh Navadiya, the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India, is also the representative of the Gujarat G&J sector at various organisations as well as government authorities like the Customs, Government of Gujarat, etc. Besides being the Executive Core Committee Member & Managing Committee Chief Patron Member at Southern Gujarat Chamber of Commerce & Industry, Surat, he has also served as the President of Surat Diamond Association for 7 years, representing industry matters to Government bodies for the welfare of MSMEs. A passionate social worker, Navadiya initiated under the Surat Diamond Association, the building and running of a Hospital at Varachha Road, Surat for the artisans and other labourers who cannot afford good medical facility. Here, in an Interview with Rough & Polished, Dinesh Navadiya draws a clear picture of the state of the cutting and polishing centres but expresses total faith in the revival of the resilient Indian industry, which has survived many a challenge in the past.

The Russian Diamond Line: We do not believe that gifted persons would win through on their own

28 january 2019

The Russian Diamond Line, a Moscow international jewellery contest of jewellery design, has been held for a decade already. At the end of the year, the results of the jubilee RDL-2018 contest were summed up, and on December 14, the prizewinners of the year were awarded the diplomas. Irina Slesareva, the Art Director of the Russian Diamond Line, one of the contest initiators and the Editor-in-Chief of the Yuvelirnoye Obozreniye (Jewellery Review) magazine, told the Rough&Polished correspondent about how the contest was set up and what the purpose was, how it has been changing and developing over the years.

New lending will have to be fully asset-backed with true provenance and transparency in the flow of goods and monies

21 january 2019

After handling Gem & Jewellery (G&J) industry financing as a banker for many years, Erik A Jens sees an opportunity now that numerous banks are withdrawing from the sector. He is exploring opportunities to establishing a financing firm focusing on ‘financial solutions’ for the art and jewellery sector. However, Erik Jens firmly believes that financing should be asset-based. He also believes that solutions lie in technology, not like the current practice on receivables on paper only. This idea emerged into the initiative around starting up a Fintech company called LuxuryFintech. Jens, as the former Global Head - Diamond & Jewellery Clients - AMRO BANK N V, comes armed with professional experience in banking, financing and investments. He has specialized in private wealth management solutions, investments in hedge funds, private equity and real estate industry. He had also served as director/advisor to various hedge funds and private equity funds at Fortis, which later became ABN AMRO. Erik Jens has also held various senior executive positions at Fortis MeesPierson in banking and investment services in the Netherlands, Belgium, Switzerland, Netherlands Antilles, Ireland, United Kingdom, USA and Asia. Here, in an interview with Rough & Polished, Jens speaks on the current challenges for the global G&J industry and also suggests solutions for the finance/liquidity issues faced by the troubled industry.

The majority of women don’t care whether their diamonds are mined or lab grown - Alex Popov, CEO of Âme

14 january 2019

Alex Popov, President of the Moscow Diamond Bourse and former Chairman of the World Diamond Mark Foundation (WDMF) launched a new jewelry brand under the name of Âme focused on design and using lab grown diamonds to produce jewelry meant to meet the needs of independent women. Âme will sell their goods through boutiques opened in New York and Los Angeles, as well as online. In his interview given to Rough&Polished, Alex Popov tells about this new venture and shares his views on the cleavage between natural and lab-grown diamonds.

At IDE, we encourage innovation throughout the bourse and have even opened a technological incubator to host start-ups - Yoram Dvash

09 january 2019

A first generation diamantaire, Yoram Dvash founded ‘Y Dvash Diamonds Ltd’ in 1991 in Israel. While the company grew and made progress under his leadership, Dvash joined industry organizations such as the Israel Diamond Manufacturers Association (IsDMA) and the Israel Diamond Institute. Later, Yoram Dvash joined the Board of Directors of the Israel Diamond Exchange (IDE). In the 2015 elections, Yoram Dvash was elected as President of the Israel Diamond Exchange. Today, Yoram Dvash is the driving force behind IDE and its Centre for Manufacturing and Innovation --- a facility established to guarantee significant contribution to the diversity and growth of the Israeli diamond sector. Recently, Yoram Dvash was appointed Vice President of the World Federation of Diamond Bourses (WFDB) during the World Diamond Congress held in Mumbai this year. Here, in an Interview with Rough & Polished, while voicing his thoughts on the current issues Yoram Dvash also speaks of his plans to steer the world diamond industry going forward.

Cooperation and collaboration are the development trend of today

04 january 2019

Pavel Grankin runs the Slava Group of companies and holds the Slava trademark (‘Slava’ means ‘Glory’ in Russian). He has graduated from the Mozhaisky Military Space Academy. He did his military service at the Plesetsk Сosmodrome from 1987 to 1995. He is a reserve major and a designer of the Russian Space Forces Emblem that is still used, as well as of many awards and space commemorative tokens, he is a watch designer and created many popular watch brands like Spetsnaz (Special Forces), Derzhava (Power), Petroff and Grandtime. Pavel Grankin told the Rough&Polished how the company managed to survive in those tough years of economic changes and how the watchmaker is reviving – in a down economy and facing fierce competition from foreign brands.

De Beers speaks on Zim invitation to explore for diamonds again

24 december 2018

De Beers’ exploration team landed in Zimbabwe in 1993 and left in 2006, however, they first prospected for diamonds in Marange in the late 1990s. Harare, under the leadership of the then president Robert Mugabe, alleged that De Beers looted diamonds under the guise of exploration. However, De Beers dismissed the allegations as far-fetched.  Mugabe was now history and the ‘new’ administration of president Emmerson Mnangagwa had been courting international investors. They also recently came up with a new diamond policy, which opened room for two new diamond mining firms and foreign ownership. The two were not known and it was interesting to hear Reuters reporting that Zimbabwe’s mines minister Winston Chitando said Harare would allow De Beers and Vast Resources to explore for diamonds in the southern African country. Vast, which teamed up with Botswana Diamonds, had exclusive access to key diamond concessions in Marange through an agreement with a community organisation.  However, a spokesperson for De Beers David Johnson told Rough & Polished’s Mathew Nyaungwa that the group never had discussions with Harare about returning to explore for diamonds. He also commented on provenance and responsible sourcing, inter-alia.

The Kimberley Process mulling over broader definition of "conflict diamonds"

17 december 2018

The participants of the recent Kimberley Process Plenary Meeting hosted by the European Union in Brussels carried their work to completion on November 16, 2018 but were left with a home work on their hands to be done before the next convention under the chairmanship of India. The World Diamond Council, the voice of the diamond industry in the Kimberley Process tripartite expressed concern that more progress was not made in reforming its scope at this Plenary by expanding the definition of "conflict diamonds", which had been proposed by WDC and its fellow KP observer, the Civil Society Coalition (CSC). Interviewed by Rough&Polished, Stephane Fischler, President of the World Diamond Council provides his opinion on the necessity for action to solve the problems of artisanal and small-scale miners particularly vulnerable from both the social and economic perspective, thus enhancing the role of the Kimberley Process in protecting their interests.

The Grib Diamond Mine: Geology, Ecology and Industrial Safety

10 december 2018

Gennady Piven, First Deputy General Manager of AGD Diamonds JSC, talks about his work at the diamond fields in Yakutia and in the Arkhangelsk Province.

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