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

At IDE, we encourage innovation throughout the bourse and have even opened a technological incubator to host start-ups - Yoram Dvash

A first generation diamantaire, Yoram Dvash founded ‘Y Dvash Diamonds Ltd’ in 1991 in Israel. While the company grew and made progress under his leadership, Dvash joined industry organizations such as the Israel Diamond Manufacturers Association (IsDMA)...

09 january 2019

Cooperation and collaboration are the development trend of today

Pavel Grankin runs the Slava Group of companies and holds the Slava trademark (‘Slava’ means ‘Glory’ in Russian). He has graduated from the Mozhaisky Military Space Academy. He did his military service at the Plesetsk Сosmodrome from 1987 to...

04 january 2019

De Beers speaks on Zim invitation to explore for diamonds again

De Beers’ exploration team landed in Zimbabwe in 1993 and left in 2006, however, they first prospected for diamonds in Marange in the late 1990s. Harare, under the leadership of the then president Robert Mugabe, alleged that De Beers looted diamonds...

24 december 2018

The Kimberley Process mulling over broader definition of "conflict diamonds"

The participants of the recent Kimberley Process Plenary Meeting hosted by the European Union in Brussels carried their work to completion on November 16, 2018 but were left with a home work on their hands to be done before the next convention under...

17 december 2018

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.”