ALROSA appoints a new Transformation Director of the Polishing Division

ALROSA has appointed Dmitry Amelkin to the post of a Transformation Director of its united Polishing Division.

Today

GJEPC’s Chairman announces $ 2.74 mln to PM-CARES Fund

In a statement, the Chairman of the Gem & Jewellery Export Promotion Council of India, Pramod Kumar Agrawal has announced the contribution of $ 2.74 mln to the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund on behalf...

Today

Christie’s jewellery auctions rescheduled

Christie’s Magnificent Jewels sales are postponed due to the spread of the new coronavirus.

Yesterday

Pandora hires new Chief Commercial Officer

Pandora invited Martino Pessina to join the company as Chief Commercial Officer.

31 march 2020

COVID-19: De Beers suspends March sight, permits 100% deferrals

De Beers has canceled its third sight of the year, which was set to commence today until Friday this week, due to the COVID-19 coronavirus pandemic.

30 march 2020

Memorial Foundation of Carl Fabergé continues to fulfill its tasks

30 march 2020

Valentin Skurlov, Ph. D., who is an Honorary Academician of the Russian Academy of Arts, professor, scientific secretary of the Fabergé Memorial Foundation, consulting researcher studying the Fabergé heritage at the Russian department of the Christie's auction house selling antiques, and the evaluator of the art treasures belonging to the RF Ministry of Culture, answers the questions put by the industry information agency Rough&Polished.

Gaetano Cavalieri: We need to protect the long-term health of our industry

23 march 2020

The World Jewellery Confederation (CIBJO) represents the entire jewelry industry embracing a whole variety of companies, from those mining precious metals and gems to those, which are manufacturing and selling final products. The confederation members are national jewelry associations from more than 40 countries, including Russia. In 2006, the CIBJO was the only organization granted the official status of a consultant to the UN Economic and Social Council on the development of the global jewelry industry. The President of CIBJO, Gaetano Cavalieri, kindly agreed to answer questions from Rough&Polished related to the most pressing topic for the world community today – the COVID-19 coronavirus.

Sierra Leone mulls setting up entity to buy diamonds from artisanal miners

16 march 2020

Sierra Leone will revise its Mines and Minerals Act that will, among other issues, pave way for the establishment of a State entity that can buy diamonds from artisanal miners, an official has said. The National Minerals Agency of Sierra Leone director-general, Julius Mattai, told Rough & Poished’s Mathew Nyaungwa in an exclusive interview that the State was only evaluating diamonds at the moment, but change was in the offing. Currently, artisanal miners were selling diamonds to agents, who in turn sell to dealers. The dealers also sell the stones to exporters who finally ship them to either Antwerp or the Middle East. Mattai also hailed De Beers’ GemFair pilot project, which seeks to formalise the artisanal and small-scale mining (ASM) sector in Sierra Leone by raising standards and opening up a new source of ethical diamond supply through the group’s industry-leading distribution channel.  The project started with 16 participants and there are currently 94 sites participating in GemFair, all of which align with the group’s minimum ethical and operating requirements.

David Block, CEO of Sarine Technologies believes that AI will play a bigger role in the industry in the next few years

10 march 2020

Armed with an MBA degree from the Kellogg-Recanati School of Business, and a Bachelor's degree in Computer Science from the Tel Aviv-Jaffo Academic College in Israel, David Block is the present CEO of Sarine Technologies, a worldwide leader in the development, manufacture and sale of precision technology products for the global diamond and gem industry. For the last 18 years, David Block has been associated with Sarine Technologies in various senior positions in Israel and India. Until 2009, David Block held the position of CEO of Sarine India, managing over 70% of the Group's revenues. From 2012 until his appointment as CEO in 2017, Block served as Sarine's Deputy CEO and Chief Operating Officer, with responsibility for global operations and sales. Prior to joining Sarine, Block worked at several major Israeli hi-tech companies in the management of large-scale development projects. Here, in an interview with Rough & Polished, David Block speaks about some of the new products launched in the past few years as well as about Sarine’s plans for the future.

Botswana wants to fully participate in research and development led by De Beers

02 march 2020

Although the government of Botswana has refused to review its latest demands from the ongoing negotiations for a new sales and marketing deal with De Beers, it has indicated its desire to fully participate in research and development led by the diamond group. Botswana’s new minister of mineral resources Lefoko Maxwell Moagi cited DebTech as one of the firms owned by De Beers that they had an interest in. DebTech, which is based in Johannesburg, South Africa is a division of De Beers Group and it was established in the 1950’s to acquire, adapt or develop innovative technologies and services that have a significant impact on the efficiency and productivity of De Beers mining operations. Moagi told Rough & Polished’s Mathew Nyaungwa on the sidelines of the Mining Indaba, in Cape Town that Gaborone wants DebTech and related firms owned by De Beers to have a presence in the country for Botswana to get the skills and benefit. Meanwhile, Moagi said Botswana has started diversifying away from its economic dependence on diamonds. He cited copper as having a huge potential to contribute greatly to the country’s export receipts.

High-tech trend is most promising for industries using diamonds

25 february 2020

Synthesis Technology is a leading diamond producer in Russia. The company produces carbon single crystals - lab-grown diamonds and single-crystal wafers. The diamonds completely identical to natural ones are ‘grown’ at the laboratory using advanced HPHT technologies reproducing the natural process of creating natural diamonds. Ekaterina Nagovitsyna, Director General of Synthesis Technology, answered the questions of R&P. Ekaterina Nagovitsyna is a graduate of the St. Petersburg State Institute of Psychology and Social Work. She is a professional psychologist and worked at the Central Research Institute of Materials (the development of special materials and technologies). She has practical leadership experience in various companies and industries, including as a Director General (Rusmodernizatsiya).

Diamex Lab: Our technology allows you to trace the history of the origin of each stone

17 february 2020

Gleb Sverdlov, CEO of Diamex Lab told Rough & Polished in his interview below about the development of IT technologies for the market of rough and polished diamonds and jewelry.

The future of the market goes hand in hand with gemology

10 february 2020

After 2019, a challenging year for the global diamond industry, we asked Yuri Shelementyev, head of the Moscow State University (MSU) Gemmological Center and president of the National Gemological Association (NGA), to share his views on the diamond market and consumer behavior in the market. In the interview, he shares his views about why synthetic diamonds were taken for granted, what is happening to jewelry in the secondary market and how the behavior pattern of the young generation of purchasers has changed.

Diamond industry in healthier position going into 2020

03 february 2020

The diamond industry is in a healthier position going into 2020 due to actions taken last year, according to De Beers. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa that the actions taken included reducing rough diamond production in response to the lower demand, adjusting rough diamond prices, offering their customers increased flexibility to defer their rough diamond purchases and selling smaller Sights. He said poor sales in the final two weeks leading up to Christmas in 2018 (due largely to US stock market volatility and US-China trade tensions) meant retailers had lower appetite to restock at the start of 2019. This, said Johnson, led to the midstream being oversupplied with inventory and rough diamond demand subsequently reduced significantly.

Ethical sourcing and Diamonds Standards Organization

27 january 2020

The diamond sector is ready to embrace a new decade and overcome some of its historical challenges. Ethical sourcing has proven to be undoubtedly one of the main aspects that industry professionals need to address. Antonio Cecere, President of Geneva Diamond Exchange and Founder of Monaco Diamond Exchange, is one of the foremost contributors to the efforts made in the past decade to a conflict-free diamond trade. Here, Rough&Polished spoke to Antonio Cecere to understand more about the signs of progress made; his vision for the future and the importance of the incorporation of Diamonds Standard Organization (DSO).

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