Fourth Edition of BDW slated for August 5-7 at BDB in Mumbai

The Bharat Diamond Bourse (BDB) has announced the dates for the fourth edition of the Bharat Diamond Week (BDW).


TAGS’ February Dubai Tender concludes, sales down 30%

Trans Atlantic Gem Sales (TAGS) hosted its February 2020 Tender between the 21st and 26th in the Dubai Diamond Exchange facility.


ALROSA to move the March diamond auction to Israel

ALROSA decided to hold a March diamond auction in Israel due to the advance of the Hong Kong International Diamond, Gem & Pearl Show and the Hong Kong International Jewellery Show to May 18-21, during which ALROSA usually organized its diamond auction...


Firestone delists from London’s AIM, cuts size of board

Firestone Diamonds has decided to delist from London’s AIM and reduce the size of its board following a review of the company’s costs and expenses.


India Pavilion inaugurated by DJWE Brand ambassador Sonam Ahuja

The India Pavilion at the 17th Doha Jewellery & Watches Exhibition (DJWE)-24 to 29 February, was inaugurated by DJWE brand ambassador Sonam Kapoor Ahuja in the presence of Indian Ambassador His Excellency P. Kumaran.


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).

Ali Pastorini: Challenges make us think out of the box and be closer to customers

20 january 2020

Ali Pastorini is the co-owner of DEL LIMA JEWERLY 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 major trends and problems in the jewelry business.

Today’s customer needs an offer of something unique that others do not have

09 january 2020

Oksana Senatorova is the publisher of the Jewelry Trade Navigator magazine and the founder of the Jewellery Business Academy.
She graduated from I. M. Sechenov Medical Academy and the Faculty of Psychology of Lomonosov Moscow State University. In 2001, she started the Jewelry Trade Navigator magazine, the leading Russian professional publication on technologies and culture of jewellery sales. She heads the industry projects: the ‘Diamond Street’ almanac - about jewelers who are the future of the Russian jewellery art, and the ‘Top 100. The Best Jewellery Stores’. She also does a popular jewellery guide series for the trade and a wide range of readers. She is an organizer and host of the prestigious international contest the ‘Best Jewellery Store of the Year’, an organizer and curator of the Russian jewellery industry seminars on sales and professional jewellery trade events. She is awarded the Faberge Memorial Fund Award: the Small Decoration of the Order of Perkhin (2010). In an exclusive interview with Rough&Polished, she shares her thoughts on trade shows, diamond trading and consumer trends.

Inventories accumulated by De Beers, ALROSA to put ceiling on prices near-term even if demand substantially picks up – Zimnisky

30 december 2019

As we are in the last month of 2019, it is prudent to examine what the diamond industry went through and the possible trajectory in the upcoming year. Industry expert, Paul Zimnisky spoke with Rough & Polished’s Mathew Nyaungwa to discuss this and other issues relating to the industry. He said an oversupplied market has been the diamond industry’s biggest challenge in the recent past, but sees near-term demand as the biggest risk, particularly out of the Greater China market, as uncertainties around the U.S./China trade negotiations and to a lesser extent the situation in Hong Kong, remain unresolved. Zimnisky, however, said inventories accumulated by major producers in 2019, primarily De Beers and ALROSA, will put a ceiling on prices near-term even if we see demand substantially pick up.

Empowering customers and engaging more with our stakeholders is the new Mission

23 december 2019

The unassuming Govindbhai Laljibhai Dholakia, Chairman, Shree Ramkrishna Exports Pvt Ltd (SRK) is not just an ace businessman but a noted philanthropist. He has contributed immensely to social welfare with special focus on education … a noteworthy step especially when he is a school dropout. A legend in his own right, Govindbhai Dholakia is a self-made man. He has built the company SRK from scratch to one of the current leading players in the Indian diamond industry. Here, in an interview with Rough&Polished, Govindbhai Dholakia comes across as an astute businessman, airing his views on all things business, but with an adequate dose of philosophy.

‘Dubai has proven to be a great port for diamond tenders’

16 december 2019

Stargems, which was established by Shailesh Javeri in 1981, has been involved in the trading of rough diamonds and is now also into manufacturing, wholesaling, retailing, tendering of diamonds and diamond jewellery. Although, the company has operations in Antwerp and Hong Kong, among other global centres, it is convinced that Dubai is a “great port for diamond tenders”, according to company managing director Bhavesh Javeri in an exclusive interview with Rough & Polished’s Mathew Nyaungwa. He said Dubai’s diamond trade had been growing by leaps and bounds over the years and is committed to setting the standard for secure diamond trading in line with the highest quality standards. Javeri also said that Stargems ethically sources stones for tenders from several sources, although prominent sources were Angola, the Democratic Republic of Congo and South Africa.

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