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

Pallinghurst changes name to Gemfields Group

28 june 2018
Pallinghurst Resources, a natural resources investment company, will soon be renamed as Gemfields Group, after investors voted Tuesday in favour of the name change.

Image credit: Pallinghurst Resources

The new name would be used on the Johannesburg Stock Exchange (JSE) from July 11.
Pallinghurst had indicated plans to change its name last March due to the company’s increasing focus on coloured gemstones.
Company chairperson Brian Gilbertson said last April that they were planning to build their wholly-owned Gemfields into the “De Beers of coloured gemstones”.
He said then that they would support their mining operations with a “unique and industry-leading” auction platform, developments in proof-of-origin technology and have active marketing campaigns to drive demand for coloured gemstones.
Pallinghurst, said Gilbertson, had cut back on expensive international expansion ambitions to focus on optimising its two key mining operations, Kagem in Zambia and Montepuez in Mozambique.

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