"Diamonds Across Time" is now available for purchase online

"Diamonds Across Time," the World Diamond Museum's first book in the series of Facets of Mankind publications, is now available for purchase online. The book was compiled and edited by the World Diamond Museum’s chief curator and world...

Today

Hong Kong’s jewellery and luxury goods retail sales dip 26.6 % y-o-y in October

As per the figures announced by Census and Statistics Department on December 1, 2020, Hong Kong's retail sales continued to decline in October. However, the figures indicated that the dip was at a much softer pace.

Today

Gem Diamonds recovers 179ct diamond at Lesotho mine

Gem Diamonds says it recovered a 179 carat high quality white Type I diamond at its Letšeng mine, in Lesotho, last week. It tweeted that the latest recovery was the company’s 16th diamond of over 100 carats unearthed at Letšeng this year.

Today

Diamcor Q2 revenue dips to $339k

Diamcor Mining sold 2,426.63 carats of rough diamonds from its Krone-Endora at Venetia project, in South Africa generating revenue of $339,280 in the second quarter compared to $730,692, a year earlier.

Today

De Beers outlines ambitious plans for next decade

De Beers has announced 12 ambitious sustainability goals for the coming decade, which will see it ethically source diamonds, achieve gender parity throughout its workforce and being carbon neutral within its operations by 2030.

Yesterday

Sourcing of rough in India through online tender system helpful amid COVID situation

30 november 2020

Dinesh Navadiya, the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India has been appointed the President of The Southern Gujarat Chamber of Commerce & Industry (SGCCI). He is also the Director on the Board of the Gem & Jewellery Skill Council of India (GJSCI); Director on the Board of Indian Diamond Institute (IDI). Navadiya has also served as the President of Surat Diamond Association (SDA) for 7 years, representing industry matters to Government bodies for the welfare of MSMEs in Gujarat State. A graduate in Economics, Navadiya also holds a Master’s Degree in Social Work (MSW) from Gujarat Vidyapith, Ahmedabad. A diamantaire in his own right, Navadiya is a partner in Tiku Gems. Here, in an interview with Rough&Polished, Dinesh Navadiya expresses confidence in the Indian diamond industry’s revival by overcoming the current difficulties. His encouraging picture of Surat’s resilient cutting and polishing sector gives hope of the Indian diamond industry returning to its former glory.

Cultivating demand for natural diamonds

23 november 2020

CIBJO, the international jewellery confederation, hosted a webinar last month on cultivating demand for natural diamonds. CIBJO had been holding a series of webinars on the impact of the COVID-19 pandemic. The webinar examined ways to cultivate demand for the natural stones and looked at the history of diamond marketing, among other things. Asked to qualify the differences between diamond category marketing and diamond jewellery brand marketing, Natural Diamond Council (NDC) chief executive David Kellie said the difference is that the natural diamond industry is unusual.

Deljanin and Simic: We do not think laboratory diamonds are threat to natural diamonds

16 november 2020

Gem and jewelry industry experts Branko Deljanin and Dusan Simic have completed the 3rd edition of their best-selling book, Laboratory-Grown Diamonds - Information guide to HPHT and CVD-grown diamonds. Deljanin and Simic are diamond researchers with over 50 years combined experience in the trade, are internationally recognized as authorities on diamonds. They specialize in the identification of natural, treated and laboratory-grown diamonds. Together, they have published more than 100 magazine articles and presented at scores of conferences around the globe.  Deljanin and Simic kindly agreed to answer Rough&Polished questions related to the publication of their book and the situation in the diamond industry.

Kapu Gems: Limited diamond manufacturing increases demand

02 november 2020

After completing the commerce degree B. Com, Kalpesh D. Vaghani ventured into the family business. His understanding of the market, diamond intricacies and the global standards technology utilization helped him create a niche for himself. An entrepreneur with 20 years in business leadership, Kalpesh Vaghani is well-versed in all aspects of business formation, operation, finance, and management. An effective communicator and motivator, he is a sales leader with a natural ability for building new businesses, forging loyalty with clients, vendors and overseas business partners.

Chris Del Gatto: “We provide capital to smart companies”

26 october 2020

Chris Del Gatto, CEO & Co-Founder of DELGATTO Diamond Finance Fund L.P., a New York-based non-bank lender to the diamond and jewelry industry, started his career as a diamond cutter when he was just 17. In his early 20’s, Chris went on to co-found a diamond wholesaling firm in fancy colors, and subsequently in 2001, he co-founded a company - a buyer of diamonds. After an offer from De Beers, he subsequently sold an interest in that company to a private equity firm in 2010. It was then that Chris began to focus on the opportunity arising from the commercial banks rapidly retreating from the diamond industry. The DELGATTO Diamond Finance Fund (DDFF), founded in 2018 is the first institutional class lender to focus solely on the diamond and jewelry industry globally. DDFF runs a collateral-based strategy that finances companies up and down the supply chain. The company’s clients include diamond mines, De Beers and ALROSA contract buyers, polished diamond traders, estate jewelry, colored stone as well as high-end watch wholesalers. Here, in an interview with Rough&Polished, Chris elaborates on his company’s workings but also puts forth his opinion on the current situation in the global gem and jewellery industry; and how it will fare in the post-COVID times going forward.

Lunhianga Project: "The forecasts for this year point to the production of about 100 thousand carats of diamonds"

19 october 2020

Advanced information, by the coordinator of Endiama’s Lunhinga Project Management Committee, Adérito Gaspar, points to a drop in production due to the pandemic, but with good prospects in view of the potential of the kimberlites of Camatchia, in production, and of Camagico, both located in the province of Lunda-Norte, in the East of Angola.

Crisis is the way to development

12 october 2020

Maria Krasnova belongs to the second generation of the St. Petersburg jewellers. She is a daughter of Pavel Sokolov, the founder of ‘Samotsvety ot Sokolova’ (Gems by Sokolov), a jeweller and expert gemologist famous for his collection of unique precious stones. He is a co-owner and managing partner of the Mousson Atelier founded in 2008 in St. Petersburg and creating perfect quality jewellery pieces in a modern style.

Gaetano Cavalieri: Diamond producers no longer insisting that clients purchase what they are offered

05 october 2020

Dr. Gaetano Cavalieri has served for the past 19 years as president of CIBJO, the World Jewellery Confederation. Uniting national jewellery and gemstone associations from more than 40 countries, including Russia, and many of the industry’s major corporations and international associations, CIBJO is the industry’s oldest international organization, having been established in 1926. 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. 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.

Worth of gold and diamonds

28 september 2020

Initiatives in Arts and Culture and De Beers recently co-hosted a webinar on the worth of gold and diamonds. The webinar, which was moderated by Mickey Alam Khan, the founder and editor of Luxury Daily, featured Jeffrey Christian, founder and managing director of CPM Group; Kyle Roderick, an author; Pat Dambe, De Beers vice president of corporate affairs and government relations and Catherine Sarr, a jewellery designer and founder of Almasika Fine Jewellery. Rough & Polished’s Mathew Nyaungwa attended the webinar and below are some excerpts.

Consumers attracted to diamond jewelry more than ever

21 september 2020

Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mujeres Brillantes, an association which 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 tells about the situation in the jewelry industry in the context of the COVID-19 coronavirus pandemic.

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