The VIIIth Ecological Forum: clean business means clean air

Despite the fact that greenhouse gas emissions in Russia have halved over the past three decades, the country’s business and government authorities still have a lot of work to do within the National Ecology Project. This was stated during the plenary...


Lulo diamonds sell for $2.6mln

Lucapa Diamond’s 40%-owned Lulo alluvial mine in Angola, has sold 1,736 carats of diamonds for $2.6 million, representing an average price per carat of $1,530.


Firestone hires diesel generator units to keep mine's processing plant running

Firestone Diamonds said its Liqhobong mine, in Lesotho remains without sufficient power to operate the processing plant despite efforts over the past week to identify and to resolve the problem.


GJEPC hosts ‘India Diamond Week’ in Mumbai

The Gem & Jewellery Export Promotion Council (GJEPC) organized the India Diamond Week from 15th to 17th October 2019, which is aimed at creating an annual trading platform to increase communication amongst diamantaire,  and promoting...


BlueRock achieves record quarterly grades at SA mine

BlueRock Diamonds, which owns the Kareevlei diamond mine, in South Africa has achieved a grade of 4.3 carats per hundred tonnes (cpht) in the third quarter, compared with a grade of 3.13 cpht in the third quarter of last year.


Demand will pick up once the season starts

14 october 2019

N Anantha Padmanaban took charge as the Chairman of the All India Gem & Jewellery Domestic Council (GJC) in January 2019. He has immense hopes and confidence in the Indian jewellery sector. His motto is to ‘ensure that after the day’s business, a retailer should go home with a smile on his face. Because, if the retailer is happy, then wholesaler and manufacturer are also happy… thus also keeping artisans happy and strengthening the entire value chain.’ A founder member of GJC, Padmanaban is the current Chairman of All India Gem and Jewellery Domestic Council (GJC), which was formerly known as All India Gems & Jewellery Trade Federation (GJF). Padmanaban has decades of experience in the Indian Jewellery sector. His retail Brand NAC Jewellers is well-known in India. Here, in an interview with Rough & Polished, Anantha Padmanaban is optimistic on the jewellery sector of India and confident of its further growth and contribution to the country’s GDP.

Prospects for discovering new diamond deposits in the Arkhangelsk Province are far from exhausted

07 october 2019

ALMAZINTECH is engaged in technical auditing and comprehensive assessment of activities performed by exploration, diamond mining and gold mining businesses in Russia and other countries, as well as carries out research and development. It employs highly qualified specialists in mining and geology, who have implemented a number of important projects in their fields. Konstantin Godun and Sergey Bezborodov, who are deputy general managers of the company told Rough&Polished about ALMAZINTECH’s business.

Botswana Diamonds eyes expansion of Thorny River to include Marsfontein – Campbell

30 september 2019

Botswana Diamonds, which has a 40% stake in Thorny River, through Vutomi, said there are plans to expand the project located in South Africa to include Marsfontein once a mining permit for the latter has been awarded. Company managing director James Campbell told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the integration is due to the common geology and currently contiguous boundary. The worked-out Marsfontein diamond mine was host to eluvial diamond deposits running at grades of 1,433 cpht. Botswana Diamonds said last June that Vutomi's application for a mining permit over a portion of the Marsfontein farm was accepted by the authorities.  The company also recently signed an agreement with Eurafrican Diamond Corporation to contract mine Marsfontein diamond bearing gravels and residual stockpiles.

Diamond knife and tender system: The tight-fisted paying twice?

23 september 2019

LLC Kristalin is the only company in Russia that manufactures microsurgical diamond blades for domestic healthcare that meet international requirements and are used in ophthalmology, neurosurgery and plastic surgery. Mikhail Zhiltsov, the company’s Deputy CEO sat for an interview with Rough & Polished telling about the production of these unique tools, the technology used in this process, as well as about the sales problems facing Kristalin.

Didier Giard: Stiff competition among the diamantaires is one of the factors of the price war

16 september 2019

On September 9, 2019, the French Association of Gemmology (l’Association Française de Gemmologie, AFG) held its regular Paris Gemmological Rendez-Vous. Its organizer, Didier Giar, the head of the AFG kindly agreed to answer questions from Rough&Polished on the eve of this event.

“The industry is under some pressure, and as we all know, diamonds are formed under great pressure!”, says Dr Martin Leake

09 september 2019

A veteran in the field of precious stones, Dr Martin Leake a doctorate geologist had worked for 22 years with BHP Billiton; and also set up a world-class marketing unit for Grib Diamonds in Antwerp. Later, as an Independent Consultant, Dr Martin Leake was involved in many projects, including developing transparency in Commodity markets, Strategy, Sales, Marketing, Value Chain analysis, Price Discovery, Business Improvement (six sigma black belt), Optimising Processes / Process Discipline, Organisational Change Management and Sales Transformation and so on… Currently, Dr Martin Leake is the Secretary to the Dubai Diamond Exchange and is Responsible for Precious Stones at the Dubai Multi Commodity Centre (DMCC). In an interview with Rough&Polished, Dr Martin Leake talks about the much awaited ‘Dubai Diamond Conference, which is coming up later this month; and also expresses his confidence on the global diamond industry becoming stronger very soon.

Recovery of diamond industry within a year if end-consumer demand holds – Zimnisky

02 september 2019

An independent diamond industry analyst and consultant said the natural diamond industry will be in a better position within a year time if end-consumer demand holds. Paul Zimnisky, CFA told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that although supply indigestion is currently the biggest challenge, the natural diamond market is now through most of the mid-stream deaveraging and inventory levels will be more sustainable going forward. He said the industry will be much better positioned once wholesalers, traders and retailers digest current inventory. Zimnisky also projected that recovery of the diamond market will be within a year’s time if end-consumer demand holds.

Working according to one’s weaknesses and strengths

26 august 2019

Canon Jhaveri grew up watching his diamond-dealer father and uncle working with diamonds. The sparkles of the diamonds fascinated the young boy, who became more intrigued every time he visited his father’s office. After graduating in 2002, Canon Jhaveri started to pursue his career in diamonds. But, before joining his father’s business Amish Diamonds, he strove to learn the ropes of the business, right from understanding rough diamonds, cutting and polishing, assorting, trading… and also had a stint with the jewellery making process. Armed with all the required skills, Canon wanted to expand the business and take it globally. Travelling to the Far East, Belgium, USA helped him learn, not only the art of selling diamonds, but about creating and nurturing customers and how to cater to them. In 2007, a free zone company -- Aakar Diamonds F.Z.E-- was established in Dubai; and in 2015 moved to the main market to open Aakar Diamonds LL and have a better presence in the market. The rest, as they say, is history… Today, Canon Jhaveri steers Aakar Diamonds to spread its wings in the global markets with the confidence of a veteran. In an Interview with ROUGH and POLISHED, Canon Jhaveri tells us about his plans to grow his business, but not before expressing his admiration for Dubai and the country’s welcoming attitude to entrepreneurs, which helped him establish Aaakar Diamonds LLC.

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

19 august 2019

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.

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