Color diamonds are more valuable and desirable and a better investment

In 1993, Eyal Cohen started his career as a diamond cutter, sitting by his father’s side as an apprentice. 4 years later, he was recruited by a jewelry firm, where he learned to appreciate natural colored diamonds. In 2003, Eyal opened his own company...

17 september 2018

Debate on the main issues affecting the diamond business is absolutely critical - Ernie Blom

Having taken part in the fruitful discussions with the world leaders at the Asian Summit held recently in Vladivostok, Ernie Blom, President, World Federation of Diamond Bourses (WFDB) now looks forward to taking the worthy inputs received at...

10 september 2018

Reflecting the nature of the industry, US jewellery market is significantly seasonal with great ‘ebb and flow’ in demand, opines Vin Lee

Vin Lee, CEO of Beverly Hills-based Grand Metropolitan, a privately-held luxury goods holding company had migrated from Canada as a child. And one can see that it did not take him long to ascend the US luxury world, establishing himself as a formidable...

27 august 2018

Vladimir Zboykov: New times have come for jewelers

How a personal collection of minerals was thrown on the scrap-heap, who is behind the destruction of gemstone consumption culture in Russia and why jewelers will soon have to choose between business and prison – all this was told to Rough & Polished...

20 august 2018

Changing preconceptions in the diamond and financial markets

Eli Avidar is a man on the move…literally. In April, the former Israeli diplomat stepped away from the CEO’s office at the Israel Diamond Exchange, a position he had held for more than two years, and from the Israel Diamond Institute, where he had been...

13 august 2018

De Beers’ IIDGR takes diamond verification, inscription technology to Singapore

16 october 2017
De Beers subsidiary, the International Institute of Diamond Grading & Research (IIDGR), will provide diamond verification services to Singapore Diamond Mint Company (SDM)’s new investment-grade diamond product, Diamond BullionTM.
Diamond BullionTM was listed on the Singapore Diamond Investment Exchange (SDiX).
“Thanks to our range of industry-leading technologies, IIDGR is rapidly becoming the byword for confidence and assurance in the international diamond sector, and we’re delighted to be providing our diamond verification and proprietary inscription services for this exciting new initiative,” said company president Jonathan Kendall.
IIDGR would use its proprietary diamond inscription technology to inscribe a unique identification number on the tables of each diamond used in the Diamond Bullion, which would confirm the natural origin of each diamond sealed in the bullion.
The diamonds are then transferred into the bullion by SDM once inscribed, and verified by IIDGR through a Master Report that confirms the bullion meets with SDiX’s product specifications, prior to it being traded on the SDiX.
SDM director Alain Vandenborre said the unique inscription that IIDGR placed on every diamond inside the Diamond Bullion allowed all of the diamonds to be tracked and verified, providing investors with the highest level of confidence in this revolutionary new diamond investment product.
“IIDGR’s industry-leading technology, backed by De Beers Group’s 120-year diamond history and expertise, makes it the ideal partner to SDM and SDiX,” he said.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished