The talk around LGDs is all hype

As a teenager, Luca Luterbacher began to design and manufacture single pieces and individual items for wealthy private family friends from Switzerland and Lichtenstein. In 2017, he finally invested in his own luxury trademark "Luterbacher."...

12 august 2019

Correct adjustment of advertising is the major challenge

At the recent Amberforum held in the Baltic city of Svetlogorsk, Andrey Yanchevsky, Head of the trade representation of the LA VIVION jewelery company shared his opinion with the correspondent of Rough&Polished on the state and prospects of the jewellery...

05 august 2019

Small-scale diamond mining is the future in Botswana – Leon Daniels

Pangolin Diamonds, which is currently the most active diamond exploration company in Botswana, has called upon authorities in the southern African country to include diamonds into the minerals permit for small scale mining operations. Pangolin chief...

29 july 2019

“There has been a strict policy in Israel against LGDs; have been forbidden on IDE trading floor for years.”: Aviel Elia, Managing Director- IDI

Aviel Elia, an attorney by profession, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of the Israel Diamond Institute (IDI) management team, he has been involved in developing company strategy and negotiating...

22 july 2019

Unifying role is the main objective of the National Gemological Association

Yuri Shelementiev runs the Gemological Centre (GC) at the Moscow State University and is a president of the National Gemological Association (NGA) uniting the gemologists of Russia. The head of the MSU’ GC and the NGA answered the R&P’s...

15 july 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.”