China’s jewellery sales decline 1.6% in July

Due to the ongoing uncertainties in the global political and economic front, jewellery sales in China were down 1.6 percent in July compared to July 2018.

Today

Angola to offload share capital in 195 firms including Endiama

The Angolan government is planning to offload share capital it wholly or partially holds in 195 different companies under the privatisation programme.

16 august 2019

Gem Diamonds’ Letšeng achieves $1,697/ct in H1 sales

Gem Diamonds said its 70%-owned Letšeng mine in Lesotho achieved $1,697 per carat in the first half of 2019, a 10% jump from $1, 537 per carat realised the previous period.

16 august 2019

Stornoway reported 2Q 2019 financial results

Stornoway Diamond Corporation reported its financial and operating results for the quarter ended June 30, 2019.

16 august 2019

DDI appoints new executive director

The Diamond Development Initiative announced the appointment of Ian Rowe as its new executive director, with effect from September 2, 2019.

16 august 2019

The diamond business is yet bright and has a good future in the coming days

Today

Hitesh Patel, Managing Director of Dharmanandan Diamonds Pvt. Ltd., joined the family business in 1997 to help his father Laljibhai Patel, the founder of Dharmanandan Diamonds Pvt. Ltd. Egged on by its success, Hitesh set up the overseas presence of the company to explore new opportunities and potential markets. Today, Dharmanandan Diamonds has reached an annual turnover of over $ 1 billion, and under Hitesh’s leadership, the company has progressed to become one of the most successful companies in the shortest time. Hitesh is also very actively involved in various social welfare projects, focusing on Education, Medical and Social Awareness, which are appreciated by social and government organisations by presenting various CSR awards to the company. Here, in an interview with Rough & Polished, Hitesh Patel expresses his views with the much-needed optimism for the diamond industry --- a breath of fresh air in an atmosphere of dismay?

The talk around LGDs is all hype

12 august 2019

As a teenager, Luca Luterbacher began to design and manufacture single pieces and individual items for wealthy private family friends from Switzerland and Lichtenstein. In 2017, he finally invested in his own luxury trademark "Luterbacher." Currently headquartered in St.Gallen, Luterbacher Diamonds is planning to move to Genf, located about 350 km in the south-west to be closer to potential customers. Since its founding in 2017, Luterbacher Diamonds has been manufacturing for the upper-class segment. Here, in an Interview with Rough & Polished, Luca Luterbacher, Founder, Luterbacher Diamonds, explains his plans for the future lucidly, and rationalizes his thoughts… straight from the heart.

Correct adjustment of advertising is the major challenge

05 august 2019

At the recent Amberforum held in the Baltic city of Svetlogorsk, Andrey Yanchevsky, Head of the trade representation of the LA VIVION jewelery company shared his opinion with the correspondent of Rough&Polished on the state and prospects of the jewellery and polished diamond markets. Andrey Yanchevsky has run the gamut of work in the jewellery industry, from a software developer to the Head of the representative office of the LA VIVION jewellery brand.

Small-scale diamond mining is the future in Botswana – Leon Daniels

29 july 2019

Pangolin Diamonds, which is currently the most active diamond exploration company in Botswana, has called upon authorities in the southern African country to include diamonds into the minerals permit for small scale mining operations. Pangolin chief executive Leon Daniels told Rough & Polished’s Mathew Nyaungwa on the sidelines of a mining conference in Gaborone recently that small-scale diamond mining is the future as most economically viable kimberlites to be discovered in Botswana will be small, including dykes and small pipes with all operations fitting into a 50-hectare area.

“There has been a strict policy in Israel against LGDs; have been forbidden on IDE trading floor for years.”: Aviel Elia, Managing Director- IDI

22 july 2019

Aviel Elia, an attorney by profession, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of the Israel Diamond Institute (IDI) management team, he has been involved in developing company strategy and negotiating all critical company transactions. He has been responsible for many aspects of corporate and operational management, including budgets, regulatory processes and implementation, and has represented the Institute in dealings with government and official bodies. Aviel Elia holds a BA in Business Administration and LLB from the Interdisciplinary Center Herzliya and is studying towards an Executive MBA at Hebrew University. A security expert, he held a number of managerial positions in the State Security Services and the Israel Airports Authority’s security system. Now, as the Managing Director of IDI, Aviel Elia is putting in all efforts to steer the organization to grow its full potential. Here, in an Interview with Rough&Polished, Aviel Elia talks about IDI’s initiatives and plans going forward.

Unifying role is the main objective of the National Gemological Association

15 july 2019

Yuri Shelementiev runs the Gemological Centre (GC) at the Moscow State University and is a president of the National Gemological Association (NGA) uniting the gemologists of Russia. The head of the MSU’ GC and the NGA answered the R&P’s questions about the today’s trends in the international and Russian gemology as well as about the state of the Russian jewellery market.

“Our goal is to bring clarity to the offering of Lab Grown Diamonds”, asserts Chris Casey, President, Lab Grown Diamond Council

08 july 2019

Chris Casey is a 15-year veteran of the diamond and jewelry industry.  Chris also has extensive experience in market research as Founding Managing Director of the NPD Diamond and Diamond Jewelry Service where his responsibility included the development of a retail panel of 4,000 doors contributing total transactional history used to drive detailed sell-in and sell-through analytics for the domestic US diamond market. Prior to NPD, Chris was Vice President of the Nielsen Jewelry Group heading National Jeweler and Europa Star media properties as well as the Couture and JA New York Trade Shows.  Prior to joining the jewelry industry, Chris managed trade media and research properties in the apparel and construction industries. In an interview here with Rough & Polished, besides explaining the goals of the newly formed LGDC, Chris Casey believes clarity will help grow the LGD market and also benefit all players involved in Lab Grown Diamonds.

Dr. Michael S. Krzemnicki: Our dedication to scientific research is an important foundation to our expertise

01 july 2019

Dr. Michael S. Krzemnicki, PhD, Director of the Swiss Gemmological Institute SSEF, in an interview with R&P told about the activities and plans of one of the world's leading Gemological laboratories specializing in scientific research of diamonds, precious stones and pearls.

“Lab-Grown Diamonds is probably the biggest scam this industry has ever seen,”: Leibish Polnauer, Founder-President, Leibish & Co.

24 june 2019

An interesting story from the Leibish & Co takes you way back to the year 1979 when young Leibish Polnauer, then a diamond polisher, was travelling to London, having just found out that the factory at which he worked had been shut down. He found an advertisement from the royal crown jeweler Garrard‘s seeking a 6-carat pear-shaped diamond. Next, Leibish made the phone call that would change his life forever. Garrard’s needed 80 pear-shaped diamonds in two weeks, and Leibish said that he would provide them though he did not have any stock of his own. Leibish Polnauer kept his promise to Garrad’s … so much for Leibish Polnauer’s entrepreneurship!  And the rest, as they say, is history. Now, about four decades later, Leibish Polnauer- Founder- President still steers Leibish & Co, which strives to be a premier supplier of natural Fancy Color diamonds in all colors, sizes, and price ranges. Here, in an interview with Rough & Polished, Leibish Polnauer tells us his story, but also puts forth his views candidly about the industry… especially on lab-grown diamonds.

Botswana mining industry players speak on speculative exploration licences

17 june 2019

Speculative mineral exploration licences was a recurring theme from presentations made by three players in Botswana mining industry at a conference convened in Gaborone. The country has issued thousands of exploration licences, across the mining industry, but the majority of them are said to be gathering dust. Botswana is the second largest diamond producer in the world after Russia. Rough & Polished’s Mathew Nyaungwa, who attended the conference, has put together the comments made by Pangolin Diamonds chief executive Leon Daniels, Botswana Chamber of Mines chief executive Charles Siwawa and Botswana Minister of mineral resources, Green technology and energy security Eric Molale.

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