“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

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.