BlueRock realises $180k from three higher-value diamonds

Aim-listed BlueRock Diamonds has sold three higher-value gem-quality diamonds from its Kareevlei diamond mine, in the Kimberley region of South Africa for $180 000.

Yesterday

Anglo American threatens to fire unvaccinated workers –report

Anglo American, which has an 85% stake in De Beers, is allegedly planning to fire workers not willing to get the COVID-19 vaccine, according to media reports.

Yesterday

Hong Kong’s retail revenue from jewellery, watches jumps 23% in October

According to the Hong Kong municipality Census and Statistics Department’s data, the retail revenues from jewellery, watches, clocks and other valuable gifts increased 23% y-o-y to $452 mn in October 2021. Sales across all product categories rose...

Yesterday

IDI launches Rock en’Roll Campaign to spur Israeli diamond sales

The Israel Diamond Institute (IDI) launched a campaign on 1st December that offers discounts of up to $200 to buyers of Israeli diamonds from qualified sellers. Titled Rock en’Roll, the campaign is intended to boost the already robust Israeli...

Yesterday

Macau’s ‘Gem and Diamond Summit’ scheduled for December 10

The International Gemstone and Diamond Trade Summit scheduled for December 10 in Macau is the first industry-wide global gemstone and diamond conference jointly organised by the Shanghai Diamond Exchange (SDE) and the Macau China Diamond and...

Yesterday

The indelicate balance of ethics against profit

29 november 2021

I am slightly pained to write this blog, as over the years I've made many close friends and contacts in Switzerland, not to mention worked very closely with several Swiss-based companies as part of our recently launched DMCC Crypto Centre, including Bitcoin Suisse AG, a cornerstone of the Crypto Valley of which I am an avid supporter. DMCC is even home to the Swiss Tower, a 40-storey building whose tenants include some of the best of what Switzerland has to offer, including the Swiss Business Council Dubai & Northern Emirates, amongst other notable companies and organisations. However, following a recent article published on Bloomberg earlier this week, I have felt compelled to call out the Swiss State Secretariat for Economic Affairs, who issued a letter to its "refiners to get strict on UAE gold."

Yakut diamonds, the symphony of permafrost

22 november 2021

The Yakutia-based Kierge company, one of the Top 100 of the leading jewellery brands in Russia, opened its showroom in Moscow this autumn, which is gaining popularity in the capital of Russia. “Kierge” is the Yakut for a “finery, decoration” in a broad sense, not just adornments but rather a jewellery set. Galina Pavlova, Director of Kierge, told R&P about setting up the Moscow showroom and how to take advantage of being under the lockdown restrictions due to the Covid-19 pandemic.

Vladislav Zhdanov - “The use of diamonds in high technologies is the main and key target of the diamond synthesis technologies”

15 november 2021

Vladislav Zhdanov, Professor at the Higher School of Economics, Advisor to Director General - Chairman of the Management Board of the Russian Railways company, and former Vice President of ALROSA (2015-2018). He is a physicist by background. He graduated from the Ural State University (General and Molecular Physics), Diplomatic Academy of the Ministry of Foreign Affairs, City University London, Oxford University, and the Russian Presidential Academy of National Economy and Public Administration (RANEPA). He is a prizewinner of the national competition Leaders of Russia 2020 and the author of a number of scholarly articles on the use of diamonds in high technologies. Vladislav Zhdanov told R&P about the use of synthetic and natural diamonds in modern high technologies, about the trends and prospects of their use in this area.

Ali Pastorini: The white diamond is the equivalent of a white shirt for a woman

08 november 2021

Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mujeres Brillantes, an association that brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain, Italy, and Germany. The mission of Mujeres Brillantes is to help women in the jewelry and watchmaking sectors consolidate their business in order to exchange professional skills and experience. In the immediate past, Ali Pastorini was also Senior Vice President of the World Jewelry Hub in Panama. In this interview with Rough&Polished she talks about the situation in the jewelry industry in the context of the COVID-19 coronavirus pandemic.

“As a purist and old school diamantaire, I don't believe in LGD,” says Vin Lee, CEO Grand Metropolitan

01 november 2021

Vin Lee, the King of Luxury, doesn’t need any introduction. He is a self-made billionaire CEO of Grand Metropolitan. The Beverly Hills' family office Grand Metropolitan is $7 billion AUM privately-held luxury goods holding company with a 60-brand portfolio. The Group specializes in distressed debt assets of luxury brands. Finlay Fine Jewelers is one of the largest private jeweler groups in North America. Heilig-Meyers is also one of the largest private furniture retailers in the United States. Grand Metropolitan also owns Pushkin Caviar, Gallery Rodeo, The Beverly Hills Cigar Club, and Beverly Hills Sports Car; participate in charity auctions, celebrity events, and red-carpet functions including the Cannes Film Festival, Oscars, Grammys, Emmys, and Independent Spirit Awards, and many more. Vin Lee spends his time between Gulf Coast, Florida & Southern California.  In this exclusive interview with Rough&Polished, Vin Lee is his original self … mirroring the US jewellery market for you with elan!

Part 2: KPCSC wants Russia to help end impasse on new definition of conflict diamonds

25 october 2021

In the first installment of this two-part exclusive interview with Shamiso Mtisi, the coordinator of the Kimberley Process Civil Society Coalition (KPCSC), we focused on illegal diamond mining in the continent and where the contraband ends up to. This week, Mtisi talks about their call for the expansion of the definition of conflict diamonds. The current Kimberley Process (KP) definition of conflict diamonds is "a rough diamond mined in an area controlled by insurgent forces whose sale is used to finance anti-government military action". KPCSC wants the new definition to cover environmental issues, violence, poor labour standards and child labour. Although some member countries of KP had been resisting the move to expand the definition, the KPCSC coordinator told Rough&Polished's Mathew Nyaungwa that there is nothing to worry about as their intention is not to disenfranchise anyone. He said Russia, the current KP chairperson, can play a pivotal role by bringing the ‘warring’ parties to a round table to find each other.

Part 1: KPCSC gives insight into illegal diamond mining, trading in Africa

18 october 2021

Although the diamond watchdog Kimberley Process (KP) prides itself for significantly reducing the flow of conflict goods since its establishment in 2003, the Kimberley Process Civil Society Coalition (KPCSC) alleged that illegal diamond mining is still taking place in some parts of West Africa, Central Africa, and southern Africa. Rough&Polished's Mathew Nyaungwa spoke with the KPCSC coordinator Shamiso Mtisi about illegal diamond mining in Africa as well as their efforts to have a new definition of conflict diamonds, which is being resisted by some members of the diamond watchdog. In this first installment of the two-part exclusive interview, we focus on illegal diamond mining in the continent and where the contraband ends up to. Mtisi, who is also the deputy director of the Zimbabwe Environment Lawyers Association (ZELA) revealed what is being done to stem the problem of illegal diamond mining as well as how the state-owned Zimbabwe Consolidated Diamond Company (ZCDC) is turning the corners in terms of human rights.

The jewelry industry in Russia needs to be upgraded in a serious way

11 october 2021

Dina Nasyrova is a vice-president of the International Jewelry Exhibition-Congress J-1 recently hosted by the Atrium of Gostiny Dvor in Moscow. As a partner and the Muse of the famous jeweler Ilgiz Fazulzyanov, she actively participated in the preparation of his personal exhibition at the Moscow Kremlin Museums and in the opening of the galleries in Paris and Moscow. Having worked for 25 years at the world’s leading exhibition venues - from Las Vegas to Tokyo and Hong Kong (including Vicenza, Geneva and Basel), she set herself the ambitious task of using the best of her experience gained. Dina Nasyrova told Rough&Polished how she managed to make the J-1 not only a jewelry exhibition, but also a working platform where the professionals in various fields, vocational training institutions and relevant ministries gathered for cooperation and dialogue.

Smiling Rocks, a philanthropic business model, inspires companies to work for betterment of the world

04 october 2021

Zulu Ghevriya, the CEO and Co-Founder of Smiling Rocks, Founder of Vedantti Jewellery and Managing Director of Prism Group has been in the diamond and jewellery industry for over 20 years. Zulu started his business, Prism Group, as a natural diamond company. Today, Prism is globally recognised as a diamond and jewellery design house. He pioneered the colour-treated diamond business in Asia, which grew into a global venture, early on in his career. With experience in diamond manufacturing and trading in India, as well as his export expertise in Hong Kong, New York and Europe, Zulu is a recognised authority in the industry. In 2018, Zulu won JNA’s Young Entrepreneur of the Year Award. Smiling Rocks is a lab-grown diamond and jewellery brand based in New York, a dream project for the co-founders Manish Jiwani and Zulu Ghevriya, to build a chain of smiles and contribute back to different charity sectors about 1% of loose diamonds and 3% of jewellery revenue to its charity partners including Environmental Protection, Medical Support, Education Support, Animal Protection etc. Here, in an Exclusive Interview with Rough&Polished, Zulu Ghevariya speaks about Smiling Rocks... a dream project that will enable them to leave a positive footprint in this world through their business.

Work hard and you will find success

27 september 2021

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information System in the Sphere of Control over the Circulation of Precious Metals and Precious Stones) and the latest developments and sentiments in the jewellery industry.

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