Indian gem and jewellery manufacturers have the skill and capabilities to cater to any market in the world

Besides spearheading the “White Paper” last year, Colin Shah, Vice Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) has been actively involved in the initiatives of the Council like MyKYCBank and many more… A first generation...

11 february 2019

The Indian gems and jewellery industry was progressing in the past and will certainly progress in the future

Dinesh Navadiya, the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India, is also the representative of the Gujarat G&J sector at various organisations as well as government authorities...

04 february 2019

The Russian Diamond Line: We do not believe that gifted persons would win through on their own

The Russian Diamond Line, a Moscow international jewellery contest of jewellery design, has been held for a decade already. At the end of the year, the results of the jubilee RDL-2018 contest were summed up, and on December 14, the prizewinners of the...

28 january 2019

New lending will have to be fully asset-backed with true provenance and transparency in the flow of goods and monies

After handling Gem & Jewellery (G&J) industry financing as a banker for many years, Erik A Jens sees an opportunity now that numerous banks are withdrawing from the sector. He is exploring opportunities to establishing a financing firm focusing...

21 january 2019

The majority of women don’t care whether their diamonds are mined or lab grown - Alex Popov, CEO of Âme

Alex Popov, President of the Moscow Diamond Bourse and former Chairman of the World Diamond Mark Foundation (WDMF) launched a new jewelry brand under the name of Âme focused on design and using lab grown diamonds to produce jewelry meant to meet...

14 january 2019

President Vladimir Putin launches KGK’s venture in Vladivostok

13 september 2017
The KGK Group has announced the opening of its high-tech diamond cutting and polishing factory on 5th September 2017 in Vladivostok, launched by the President of Russian Federation Vladimir Putin, through a Press release received from the company.
President Vladimir Putin in his address said, “We have just discussed this a year ago of this cooperation with Prime Minister Narendra Modi. And it is upon his initiative that our cooperation in this area is developing dynamically, thanks to his decision to develop cooperation in the diamond sector. We have almost increased twice the supplies of diamond raw materials to Indian facilities. Our company ALROSA is ready to broaden cooperation and deepen it even further, we will of course, welcome all the efforts taken by you on this territory of Russian Federation. We will always support such initiatives. Good Luck!”

The factory launch was followed by a lamp lighting ceremony and get-together at the KGK factory in Vladivostok. The event was honored by the presence of Primorsky Territory Vice-Governor Evgeny Polyansky, Sergey Ivanov, ALROSA President; Yuri K Okoyomov, ALROSA Vice President; Sr management team of VTB, Rosbank, PING An Bank, NGTC and ABN Amro along with senior officials of the Russian government. The event also witnessed the company of KGK’s business associates from Mainland China, adds the press statement.
“Russia has been home for KGK for 13 years and being a corporate citizen of the region we understand its culture and people. At KGK we see enormous potential in Far East region of Russia and we are firm to make it an outstanding hub for diamond and jewellery business. We are already in discussion with our clients from Asia Pacific who have shown interest in this region.” expressed Sanjay Kothari, Vice Chairman, KGK.

Sandeep Kothari, Managing Director, KGK said “We are impressed with the cooperation of Government Authorities and the fiscal incentives offered in Vladivostok. This has given us the confidence to augment our portfolio of diamond factories by setting up a unit here. We share the same vision as that of the leaders of the nation of promoting investments, creating value addition and job creation of the region where we operate and am glad that we have been given the opportunity to contribute to the drive.”
Expressing gratitude to ALROSA, Vithal Ramani, Partner & General Director said, “We are proud to sign a long term contract with ALROSA for rough supply. We appreciate Ivanov and his team for extending full support for this venture to be successful. We assure our dedication and commitment to manufacturing here.”
The new KGK factory is a 1,555 sq. metre facility incorporating the latest diamond cutting and polishing technology and employs around 400 personnel. With an investment of RUB 2.8 bn, the unit's installed manufacturing capacity is 150,000 cts of diamonds per year.
Navrattan Kothari, Patriarch, KGK attended the Meeting for Representatives of Foreign Business Circle during 3rd Eastern Economic Forum presided over by Vladimir Putin, encouraging talks towards investments in various businesses in Russia.

Aruna Gaitonde, Editor-in Chief of Asian Bureau, Rough & Polished