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

Sarine supports responsible sourcing and provenance traceability

28 june 2018
news_28062018_sarine.pngSarine Technologies Ltd, a worldwide leader in the development, manufacture and sale of precision technology products for the evaluation, planning, processing, finishing and trading of diamonds and gems, said that responsible sourcing and provenance traceability had become the key issues in diamond industry and the utilization of Sarine technology could provide a powerful solution to support the diamond industry’s need for accountable traceability.
Sarine strongly supports and is actively involved in several blockchain initiatives. Any blockchain application is only as good as the data it contains, and it is a key requirement that such data be verifiable and provided by objective and trustworthy sources, the company claimed.
Sarine has already discussed responsible sourcing with leading industry organizations, miners, wholesalers and retailers as the company addressed the attempted theft of its intellectual property and the potentially serious adverse impact this could have on the importation of polished diamonds into the U.S. Leading U.S. retailers, including Tiffany and Signet have taken steps augmenting their suppliers’ contractual terms and conditions, codes of conduct to specifically address IP infringement issues.
David Block, the Group’s CEO, noted that, “We are extremely pleased that the issue of responsible sourcing and provenance traceability are receiving the attention they are, as it is key to ensuring the diamond industry’s implicit stature, and explicitly the polished diamond’s allure to the modern informed consumer. Sarine will continue to aggressively protect its IP and work with industry organizations and retailers to ensure that polished diamonds are procured in a responsible manner.”

Victoria Quiri, Rough&Polished