Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

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

Dubai's Nemesis International to cut 813ct. Constellation diamond

20 october 2017
Nemesis International, UAE’s first diamond polishing facility that was opened recently during the Dubai Diamond Conference (DDC) 2017, has been tasked with cutting and polishing the world’s most valuable rough diamond.
The facility will focus on stones above $25,000 per carat, the factory’s manager Filip Hendrickx told Rapaport News.
Among the first of those will be the 813-carat Constellation diamond, which Nemesis bought in partnership with Swiss jeweler de Grisogono in 2016 for $63.1 million. At $77,613 per carat, the stone ranks as the most expensive rough diamond ever sold.
It is estimated that cutting and polishing of the stone will take 10 to 12 months.
The Dubai Multi Commodities Centre (DMCC) wants to bring diamonds to the United Arab Emirates and with this factory the Dubai Diamond Exchange (DDE) is now a full-service one-stop shop, Hendrickx noted. Nemesis International will complement the range of services that Dubai's diamond trade can offer, which include customs, insurance, banking, a Kimberley Process office, and international tenders of a wide range of rough diamonds among others.
“The opening of the Almas cutting facility demonstrates the vertical integration of mine to market in Dubai,” said Konema Mwenenge, CEO of Nemesis. “It will facilitate growth of Dubai’s diamond industry with a turnover of high-volume rough to high-value polished.”