Rebecca Foerster Heads ALROSA USA Inc.

ALROSA, the largest diamond mining company in the world, has appointed Rebecca Foerster as President ALROSA USA Inc. Until recently, Ms. Foerster served as Executive Vice President of Strategic Planning and Marketing at New York’s Leo Schachter Diamonds...

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Leviev gets back stake in Zambian emerald mine

Israeli diamond billionaire Lev Leviev has regained ownership of a 50 percent stake in an emerald mine in Zambia at the heart of a $50-million dispute, according to a media report.

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Stornoway Diamonds stabilises production in Q4

Diamond production of Stornoway Diamonds has stabilised in Q4 after boosting the underground operations at the Renard Diamond Mine in Canada. This might help the company to lift its production guidance 2019, says thediamondloupe.com.

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Gem & Jewellery Domestic Council to be launched in Mumbai on January 28

A new Gem & Jewellery Domestic Council, an apex body that will bring together all the different segments of the industry within India under a common banner, will be formally launched by the Hon’ble Minister of Commerce & Industry, Shri Suresh...

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Namibia diamond trading company appoints new CEO

Namibia Diamond Trading Company (NDTC), a joint venture between the Namibian government and De Beers, has appointed Brent Eiseb as the new chief executive with effect from 1 January, according to local news reports citing the company’s board...

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

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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.

I have a dream to see India become a world leader in high-end jewellery manufacturing - Sanjay Kothari

03 december 2018

An industry leader who needs no introduction to the gem and jewellery industry is Sanjay Kothari…the former chairman of the GJEPC of India has held various positions in the Council including being Convener-Exhibitions for many years before becoming Convener-Promotions & Marketing; was the spokesperson for the Natural Diamond Monitoring Committee (NDMC) and so on. Under Kothari’s leadership, the GJEPC initiated ANANT, a diamond promotion program and also, ‘India International Jewellery Week’ --- India’s first ever jewellery week. He has led delegations as well as being a member of various Gems & Jewellery Industry delegations organized by the Council to countries in the Latin America and Middle-East regions, and not only. Kothari is a visionary and a philanthropist. He is a member of the Gem and Jewellery National Relief fund and Jagat Maitri Trust. He is also one of the Directors of M/s. Diatrends Jewellery Pvt. Ltd. In an interview with Rough&Polished, Sanjay Kothari elucidates on his plans for GJSCI as well as sees India grow to greater heights in jewellery manufacturing.

Style always reflects culture

26 november 2018

Reena Ahluwalia is a multifaceted artist …an award-winning jewelry designer, diamond painter, professor, speaker and a community builder and more. Recognized as one of the Top Masters of Jewelry Design and art in Canada, she has been creating jewelry with deep meaning and symbolism. Reena Ahluwalia's signature style is all about precision, geometry, fluidity and movement. She is one of the handful of living jewelry artists whose work is featured on a nation's (Belgium) postage stamp. As a tribute to the British Royal Wedding, Reena Ahluwalia created a Diamond Tiara for HRH Kate Middleton with Royal Asscher Diamond Company. She also designed a historic diamond piece for the Legislature of Ontario (Canada) with De Beers Canada. She created the inaugural collection for Rio Tinto Bunder Mine, where diamonds were found 100 years after the fabled Indian Golconda Mines depleted. Coveted internationally by art collectors, Reena Ahluwalia paints highly nuanced, hyper-realistic diamonds with ultra-magnified facets. Her paintings are in the collection of distinguished collectors worldwide, including, showcased at the DIVA Diamond Museum in Antwerp. Her artwork gives back to many organizations, including 'Jewelers For Children' (JFC) charity, to help children who are victims of catastrophic illness. Reena Ahluwalia is a member of the George Brown College (Toronto) Jewellery Program Advisory Committee. Reena is a Fellow of Institute without Boundaries (IwB). Each year Reena supports students by providing scholarship and mentor upcoming talent. In an Interview with Rough&Polished, Reena Ahluwalia takes us through her ‘journey’ so far…

Botswana Diamonds’ Campbell on Alrosa exit: no exploration JV lasts forever

19 november 2018

Botswana Diamonds is currently in talks with a major diamond producer interested in taking over a stake in Sunland Minerals previously owned by Alrosa. The Sunland joint venture was established in 2014 to test existing Alrosa exploration technology on Botswana Diamonds’ large data base. However, the Russians exited the joint venture company following changes in management and corporate strategy, which was now biased towards production and marketing. Company managing director James Campbell told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that Alrosa had been a good partner, but no exploration joint venture lasts forever. He also commented on the company’s new project in Marange, Zimbabwe through its partnership with Vast Resources as well as South Africa’s Thorny River, which is Botswana Diamonds’ most advanced project.

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