“Lab-Grown Diamonds is probably the biggest scam this industry has ever seen,”: Leibish Polnauer, Founder-President, Leibish & Co.

An interesting story from the Leibish & Co takes you way back to the year 1979 when young Leibish Polnauer, then a diamond polisher, was travelling to London, having just found out that the factory at which he worked had been shut down. He found an advertisement...

Today

Botswana mining industry players speak on speculative exploration licences

Speculative mineral exploration licences was a recurring theme from presentations made by three players in Botswana mining industry at a conference convened in Gaborone. The country has issued thousands of exploration licences, across the mining industry...

17 june 2019

Design is the key to all markets

Besides being an astute businessman, Mumbai-born Laksh Pahuja is a designer par excellence known globally for his awe-inspiring unusual jewellery pieces. Trained at the Gemological Institute of India and Harrow College of Art England, Laksh combines...

10 june 2019

Mutual mass destruction will not serve anybody’s purposes

The recent moves by the U.S. Federal Trade Commission (FTC), including its letters urging some companies to abide to the revised edition of FTC Jewelry Guides and the explanations from FTC attorney Robert Frisby posted on the FTC website were...

03 june 2019

Pavel Sokolov: Every stone has its beauty

THE ‘GEMSTONES BY SOKOLOV’ brand has been popular for over 25 years. The aim of this company is to supply any kind of gem studs to the Russian market including the unique ones except diamonds of any cut. The product range by the SOKOLOV Company is very...

27 may 2019

ALROSA will establish analytical center to target prices and market conditions - Zharkov

01 july 2016
(FINMARKET.RU) – ALROSA will create an analytical center, whose task will be targeting diamond prices and monitoring market development environment, Andrey Zharkov, the company’s president told reporters on Thursday.
He said that ALROSA started to mull over the establishment of such a center based on the situation in 2015, when consequences of a wrong forecast made earlier by market stakeholders with regard to jewelry demand in China affected the situation.
Diamond manufacturers and jewelry merchants expected double-digit growth in demand in China, "but unfortunately, the situation was the reverse," said Andrey Zharkov. Excessive stocks accumulated in the midstream segment contributed to a drop in demand for rough diamonds resulting in lower sales for diamond mining companies and a 15 percent fall in prices - in the absence of crisis phenomena in the diamond market. "Our goal in 2015 was to bring stocks to normal levels and to stabilize prices," he added.
"Based on the events that we observed in the past year, we are busy creating a think tank whose task will not be just predicting prices and conditions for market development, but also targeting," Andrey Zharkov said. "Our company is one of the major industry players, a market maker, and it should not just predict certain events in the market, but also predetermine them," the president of ALROSA stressed.
In the second half of 2016, ALROSA "does not expect very serious volatility, as consumption volume is turning stable," Andrey Zharkov said.