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

China will have its large diamonds polished in Israel

04 july 2018
A new manufacturing facility that the Israel Diamond Exchange (IDE) and Israel Diamond Institute (IDI) are now building within the IDE complex will polish large diamonds from China.
IDE President Yoram Dvash and Shanghai Diamond Exchange (SDE) President Lin Qiang met last week to sign a historic MOU between the two bourses that will help the two countries cooperate, including making available offices and spaces for trading, easing the way for members of each bourse to join the other, and allowing participation in courses given by each of the exchanges. Under the agreement the countries will help each other develop their diamond industries.
“This is a very unusual situation, whereby Chinese diamantaires will send their large diamonds to be polished in Israel. It is testimony to the well-known expertise of the Israeli polishers and the technological advances of the industry here,” said IDE President Yoram Dvash. “The establishment of our new polishing plant for large stones is part of the technological revolution we are implementing at IDE, which includes the launching of the largest online store in the world for selling diamonds. Technology is the way to lead the industry on a successful path to the future, especially in light of the recent challenges we have been facing.”
IDE and IDI are investing over $3 million in building the new plant for polishing large diamonds, which will be the most technologically advanced facility in the world.    

Victoria Quiri, Rough&Polished