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

Sierra Leone produces 144 ct diamond worth $600k – report

06 july 2018
An unnamed company in Sierra Leone has produced and exported a 144.12 carat rough diamond worth more than $600,000, according to Rapaport citing local authorities.
No details were provided on where or how the diamond was recovered.
The National Minerals Agency (NMA) was quoted as saying that an independent appraiser put the price of the stone at $659,925, which it then used to calculate taxes and 15 percent royalty.
The exporter paid $98,989 as royalty.
NMA said that the stone would not be placed under the hammer as the miner chose to export it instead.
“There is no policy or law that states that diamonds must be sold by public auction,” the NMA was quoted as saying.
“The issue of auction will be dealt with during the upcoming review of the Mines and Minerals Act 2009 and other associated policies.”

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