MIUZ Diamonds - diamonds with a century of history

Moscow Jewellery Factory (MIUZ) has always been famous for its craftsmen winning prizes and obtaining the diplomas of “the best enterprise in the jewellery trade”. One of the oldest factories in Russia has two interesting news: about its recent...

21 june 2021

Lab-grown diamonds and jewellery are the future, says Liu

As the founder of the Diamond Little Star® brand, Liu Jiangjiang is actively involved in various business activities. He founded the Lab Grown Diamond Research Centre and the Lab Grown Diamond Club in China. At the same time, he is also the General Counsel...

14 june 2021

Pandora’s endorsement of lab-grown stones will not devalue natural diamonds – Zimnisky

Jewellery retailer Pandora recently announced that it will no longer purchase natural diamonds as it had switched to lab-grown diamonds. However, diamond market analyst Paul Zimnisky told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that...

07 june 2021

“The volume of Forevermark diamonds that we drive through Indian partners is much higher than in other parts of the world,” says Sachin Jain

Sachin Jain has been a part of the Indian arm of De Beers that dates back to 2010 when he came on board as Head of Retail. In year 2014 he took over as President of Forevermark and today he is the Managing Director of De Beers, India. His single-minded...

31 may 2021

GSI's new Jaipur office to specialize in colored gemstones

Gemological Science International (GSI) has opened a new laboratory in Jaipur, India. Since this state is the capital of colored gemstones, the laboratory will have a dedicated division specializing in colored gemstone geographical origin and...

24 may 2021

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.