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

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...

09 september 2019

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

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...

02 september 2019

Working according to one’s weaknesses and strengths

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...

26 august 2019

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

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...

19 august 2019

The talk around LGDs is all hype

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."...

12 august 2019

Lev Leviev becomes largest rough diamond buyer at ALROSA's tender in Vladivostok

09 september 2016
(vedomosti.ru) – LLD Diamonds (part of Leviev Group of Companies owned by Israeli businessman Lev Leviev) became the largest buyer of rough diamonds at ALROSA's first auction in Vladivostok, according to two sources close to the companies and CEO of GK Ruiz (part of the Leviev Group of Companies) Valery Morozov. ALROSA representative declined to comment. In early September, ALROSA sold 19 large stones weighing 1098 carats for $14.6 million on diamond tender in Vladivostok. LLD diamonds bought diamonds worth $6.4 million, Morozov said. Meanwhile, ALROSA sold 28 polished diamonds during the tender, 18 of which were fancy, for $3.6 million. LLD bought several diamonds for $796 000.
"ALROSA invited us to take part in the auction, and we were able to buy a big and rather attractive lot," - Morozov said. It was important for ALROSA from the political perspective to demonstrate that there is an infrastructure in Vladivostok for diamond trading and it is no worse than in Antwerp, Tel Aviv or Moscow, he explains. "Rough diamonds will be cut and polished, and some of them will be sold in one of the stores of Moscow Jewelry Plant, which is owned by Leviev," – according to a source close to the businessman's structures.
ALROSA plans to organize diamond auctions in Vladivostok regularly on the Eurasian Diamond Centre's trading floor. The Centre allows to accelerate the timing of transactions by facilitating customs and visa requirements, the company said.