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

Botswana’s Okavango Diamond pilots GIA M2M

05 july 2018
The Gemological Institute of America (GIA) said Botswana's Okavango Diamond Company (ODC) is participating in its mine to market programme as part of a pilot initiative.
M2M was a digital platform that brings together GIA’s unique ability to scientifically match rough diamonds to the resulting polished gems with information from each step in the value chain that tells the compelling story of a diamond’s journey.
The institute said that a selection of ODC rough diamonds had been evaluated for its M2M programme and they would be offered at the company’s spot auction this month.
“The M2M platform allows ODC, and our customers, to finally share with the consumer the story of the proud heritage and history of Botswana's diamonds and the positive contributions they make to society,” said ODC managing director Marcus Ter Haar.
“This is an important step in confirming diamond provenance, which we anticipate will have benefits for our customers, retailers and ultimately consumers."
ODC, which had an access to 15 percent of Debswana's run-of-mine production, generates sales in excess of $500 million per annum.

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