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

Mob disrupts Gemfields’ Ethiopian operations

04 july 2018
news_04072018_palling.pngPallinghurst, which will be renamed Gemfields next week, said a mob between 300 and 500 people overran the operations of Web Gemstone Mining (WGM), an Ethiopian company in which the emeralds miner holds a 75 percent interest.
WGM holds an emerald exploration licence with a total concession area of 200km2 with 27 kilometres of potential emerald-mineralised strike length.
It said while the motive of the mob remained unclear, it was believed that they may have been spurred by a faction seeking a portion of WGM’s licence.
“WGM is liaising with local and national authorities and has been advised that local authorities have since secured WGM’s residential camp and mine offices, as well as the camp used by WGM’s contractors,” Pallinghurst said.
“WGM understands that the bulk sampling operation is yet to be secured.”
Gemfields acquired its stake in WGM in February 2015.

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